Research Analysts Set Expectations for WRN FY2024 Earnings

Western Copper & Gold Corp (NYSE:WRN) – Investment analysts at HC Wainwright reduced their FY2024 earnings estimates for Western Copper & Gold in a research report issued to clients and investors on Wednesday, December 18th. HC Wainwright analyst H. Ihle now expects that the company will post earnings per share of ($0.03) for the year, down from their prior estimate of ($0.02). HC Wainwright currently has a “Buy” rating and a $4.25 price target on the stock. The consensus estimate for Western Copper & Gold’s current full-year earnings is ($0.03) per share.

Several other brokerages also recently weighed in on WRN. National Bank Financial raised shares of Western Copper & Gold to a “strong-buy” rating in a report on Monday, September 30th. Canaccord Genuity Group began coverage on Western Copper & Gold in a research report on Monday, December 9th. They set a “speculative buy” rating for the company. Canaccord Genuity Group initiated coverage on Western Copper & Gold in a report on Monday, December 9th. They issued a “speculative buy” rating on the stock. Finally, StockNews.com raised shares of Western Copper & Gold to a “sell” rating in a report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $4.25.

Western Copper & Gold Price Performance

NYSE WRN opened at $1.04 on Monday. The stock has a 50-day moving average of $1.13. The company has a market capitalization of $205.17 million, a P/E ratio of -51.75 and a beta of 1.84. Western Copper & Gold has a 52 week low of $0.95 and a 52 week high of $1.66.

Hedge Funds Weigh In On Western Copper & Gold

A hedge fund recently bought a new stake in Western Copper & Gold stock. Rathbones Group PLC bought a new stake in shares of Western Copper & Gold Corp (NYSE:WRN) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 27,450 shares of the company’s stock, valued at approximately $31,000. Institutional investors and hedge funds own 21.96% of the company’s stock.

Western Copper & Gold Company Profile

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.