Auxano Advisors LLC Purchases New Holdings in Western Copper and Gold Corporation $WRN

Auxano Advisors LLC purchased a new position in shares of Western Copper and Gold Corporation (NYSEAMERICAN:WRN) (TSE:WRN) during the 4th quarter, Holdings Channel.com reports. The fund purchased 920,000 shares of the company’s stock, valued at approximately $2,456,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Euro Pacific Asset Management LLC raised its holdings in shares of Western Copper and Gold by 164.6% in the 4th quarter. Euro Pacific Asset Management LLC now owns 1,035,506 shares of the company’s stock valued at $2,763,000 after purchasing an additional 644,198 shares during the period. Gamco Investors INC. ET AL grew its stake in Western Copper and Gold by 2.4% in the 3rd quarter. Gamco Investors INC. ET AL now owns 433,200 shares of the company’s stock valued at $853,000 after buying an additional 10,000 shares during the last quarter. Jones Financial Companies Lllp acquired a new position in Western Copper and Gold in the 3rd quarter valued at about $30,000. International Assets Investment Management LLC acquired a new position in Western Copper and Gold in the 3rd quarter valued at about $25,000. Finally, Mackenzie Financial Corp grew its stake in Western Copper and Gold by 110.8% in the 3rd quarter. Mackenzie Financial Corp now owns 970,084 shares of the company’s stock valued at $1,923,000 after buying an additional 510,000 shares during the last quarter. 21.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reiterated a “buy” rating and issued a $5.75 price target on shares of Western Copper and Gold in a research note on Wednesday, March 25th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Strong Buy” and an average price target of $5.75.

Western Copper and Gold Price Performance

Shares of NYSEAMERICAN:WRN opened at $2.74 on Tuesday. The firm has a 50 day simple moving average of $2.75 and a 200 day simple moving average of $2.81. The company has a market cap of $618.23 million, a price-to-earnings ratio of -274.00 and a beta of 1.16. Western Copper and Gold Corporation has a one year low of $1.03 and a one year high of $4.26.

Western Copper and Gold Profile

Western Copper and Gold Corporation is a Canada-based mineral exploration and development company focused on advancing one of the world’s largest undeveloped copper-gold deposits. Listed on the NYSE American under the symbol WRN, the company’s primary asset is the Casino Project, located in the Yukon Territory of northern Canada. Western Copper and Gold’s activities are centered on resource definition, engineering studies, environmental assessment and community engagement to prepare the deposit for eventual production.

The Casino Project comprises multiple porphyry-style mineralized zones containing copper, gold, molybdenum and silver.