Western Copper & Gold (NYSE:WRN) Earns “Buy” Rating from HC Wainwright

Western Copper & Gold (NYSE:WRN)‘s stock had its “buy” rating reissued by equities researchers at HC Wainwright in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $4.25 price objective on the stock. HC Wainwright’s price target would suggest a potential upside of 304.76% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on WRN. National Bank Financial upgraded shares of Western Copper & Gold to a “strong-buy” rating in a research report on Monday, September 30th. Canaccord Genuity Group assumed coverage on shares of Western Copper & Gold in a research note on Monday, December 9th. They issued a “speculative buy” rating on the stock. StockNews.com raised shares of Western Copper & Gold to a “sell” rating in a report on Tuesday, October 15th. Finally, Canaccord Genuity Group started coverage on Western Copper & Gold in a research report on Monday, December 9th. They issued a “speculative buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Western Copper & Gold currently has an average rating of “Moderate Buy” and an average price target of $4.25.

Western Copper & Gold Stock Performance

Shares of NYSE:WRN traded down $0.04 during trading on Wednesday, hitting $1.05. 187,702 shares of the company’s stock were exchanged, compared to its average volume of 220,791. The firm has a 50-day moving average of $1.15. Western Copper & Gold has a 52-week low of $0.95 and a 52-week high of $1.66. The firm has a market capitalization of $208.15 million, a P/E ratio of -52.50 and a beta of 1.84.

Institutional Trading of Western Copper & Gold

A hedge fund recently bought a new stake in Western Copper & Gold stock. Rathbones Group PLC purchased a new position in Western Copper & Gold Corp (NYSE:WRN) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 27,450 shares of the company’s stock, valued at approximately $31,000. 21.96% of the stock is owned by institutional investors.

About Western Copper & Gold

Western Copper and Gold Corporation, an exploration stage company, engages in the exploration and development of mineral properties in Canada. The company explores for gold, copper, silver, and molybdenum deposits. Its principal property is the Casino mineral property that comprise 1,136 full and partial quartz claims, and 55 placer claims located in Yukon, Canada.