Wealth Management Associates Inc. Acquires 19,000 Shares of Western Copper & Gold Corp $WRN

Wealth Management Associates Inc. increased its holdings in shares of Western Copper & Gold Corp (NYSE:WRN) by 42.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,400 shares of the company’s stock after buying an additional 19,000 shares during the period. Wealth Management Associates Inc.’s holdings in Western Copper & Gold were worth $79,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. increased its stake in Western Copper & Gold by 255.5% in the first quarter. SBI Securities Co. Ltd. now owns 74,536 shares of the company’s stock valued at $85,000 after purchasing an additional 53,570 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Western Copper & Gold by 98.0% in the first quarter. Goldman Sachs Group Inc. now owns 488,693 shares of the company’s stock valued at $555,000 after purchasing an additional 241,868 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Western Copper & Gold by 42.3% in the first quarter. Russell Investments Group Ltd. now owns 859,785 shares of the company’s stock valued at $980,000 after purchasing an additional 255,642 shares in the last quarter. Institutional investors own 21.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright upped their target price on shares of Western Copper & Gold from $4.00 to $4.25 and gave the company a “buy” rating in a research note on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $4.25.

Western Copper & Gold Stock Up 1.0%

Western Copper & Gold stock opened at $2.08 on Wednesday. The stock has a market capitalization of $419.44 million, a PE ratio of -104.00 and a beta of 1.13. Western Copper & Gold Corp has a twelve month low of $0.90 and a twelve month high of $2.56. The company has a 50 day moving average of $1.83 and a 200-day moving average of $1.43.

Western Copper & Gold Profile

Western Copper & Gold Corp. operates as an exploration stage company, which engages in the acquisition, exploration, and future development of mineral resource properties. It currently focuses on the development of the Casino Project. The company was founded on March 17, 2006 and is headquartered in Vancouver, Canada.