Western Copper & Gold (NYSE:WRN) Given “Buy” Rating at HC Wainwright

Western Copper & Gold (NYSE:WRN)‘s stock had its “buy” rating reaffirmed by stock analysts at HC Wainwright in a research note issued on Tuesday,Benzinga reports. They presently have a $4.25 price objective on the stock. HC Wainwright’s price target would indicate a potential upside of 282.88% from the stock’s current price.

Several other analysts also recently weighed in on WRN. BMO Capital Markets started coverage on Western Copper & Gold in a research note on Thursday, January 23rd. They set an “outperform” rating on the stock. StockNews.com raised Western Copper & Gold to a “sell” rating in a research note on Tuesday, February 4th. Canaccord Genuity Group started coverage on Western Copper & Gold in a research note on Monday, December 9th. They set a “speculative buy” rating on the stock. Finally, Canaccord Genuity Group started coverage on Western Copper & Gold in a research note on Monday, December 9th. They set a “speculative buy” rating on the stock. One analyst has rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $4.25.

Western Copper & Gold Trading Down 1.8 %

Shares of NYSE WRN opened at $1.11 on Tuesday. The company has a market cap of $220.21 million, a price-to-earnings ratio of -55.50 and a beta of 1.81. Western Copper & Gold has a 12-month low of $0.95 and a 12-month high of $1.66. The stock’s 50 day simple moving average is $1.06 and its 200 day simple moving average is $1.12.

Hedge Funds Weigh In On Western Copper & Gold

Hedge funds have recently modified their holdings of the company. Euro Pacific Asset Management LLC acquired a new position in shares of Western Copper & Gold during the 3rd quarter valued at $828,000. Advisory Alpha LLC acquired a new position in shares of Western Copper & Gold during the 4th quarter valued at $48,000. Tidal Investments LLC acquired a new position in shares of Western Copper & Gold during the 4th quarter valued at $2,607,000. Raymond James Financial Inc. acquired a new position in shares of Western Copper & Gold during the 4th quarter valued at $45,000. Finally, Lido Advisors LLC acquired a new position in shares of Western Copper & Gold during the 4th quarter valued at $578,000. 21.96% of the stock is currently owned by institutional investors and hedge funds.

Western Copper & Gold Company 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.