HC Wainwright Reaffirms “Buy” Rating for Western Copper and Gold (NYSEAMERICAN:WRN)

HC Wainwright reiterated their buy rating on shares of Western Copper and Gold (NYSEAMERICAN:WRN) (TSE:WRN) in a research report released on Wednesday, Benzinga reports. HC Wainwright currently has a $4.25 price objective on the stock.

Separately, Eight Capital raised shares of Western Copper and Gold to a strong-buy rating in a research note on Tuesday, June 11th.

Western Copper and Gold Price Performance

WRN stock opened at $1.16 on Wednesday. Western Copper and Gold has a 52 week low of $0.95 and a 52 week high of $1.74. The firm has a market cap of $228.12 million, a price-to-earnings ratio of -38.50 and a beta of 1.94.

Western Copper and Gold (NYSEAMERICAN:WRN) (TSE:WRN) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.01) EPS for the quarter. Research analysts anticipate that Western Copper and Gold will post -0.02 EPS for the current fiscal year.

Institutional Trading of Western Copper and Gold

Institutional investors have recently modified their holdings of the company. Carderock Capital Management Inc. acquired a new stake in Western Copper and Gold in the 1st quarter worth approximately $44,000. National Bank of Canada FI raised its position in Western Copper and Gold by 750.0% during the 4th quarter. National Bank of Canada FI now owns 34,000 shares of the company’s stock worth $45,000 after buying an additional 30,000 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Western Copper and Gold by 379.6% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 52,753 shares of the company’s stock worth $70,000 after buying an additional 41,753 shares during the last quarter. Sweeney & Michel LLC purchased a new position in Western Copper and Gold during the 1st quarter worth approximately $118,000. Finally, Platte River Wealth Advisors LLC purchased a new position in Western Copper and Gold during the 1st quarter worth approximately $843,000. 21.96% of the stock is currently owned by institutional investors.

Western Copper and 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.