Western Copper & Gold Corp (NYSE:WRN) Given Consensus Recommendation of “Buy” by Brokerages

Western Copper & Gold Corp (NYSE:WRN) has been given a consensus recommendation of “Buy” by the five ratings firms that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $4.25.

Several research analysts have recently commented on WRN shares. BMO Capital Markets began coverage on shares of Western Copper & Gold in a research note on Thursday, January 23rd. They issued an “outperform” rating for the company. Canaccord Genuity Group began coverage on shares of Western Copper & Gold in a research note on Monday, December 9th. They issued a “speculative buy” rating for the company. HC Wainwright reiterated a “buy” rating and issued a $4.25 price target on shares of Western Copper & Gold in a research note on Wednesday, December 18th. StockNews.com upgraded shares of Western Copper & Gold to a “sell” rating in a research note on Tuesday, October 15th. Finally, Canaccord Genuity Group began coverage on shares of Western Copper & Gold in a research note on Monday, December 9th. They issued a “speculative buy” rating for the company.

Institutional Trading of Western Copper & Gold

A hedge fund recently raised its stake in Western Copper & Gold stock. Euro Pacific Asset Management LLC grew its stake in shares of Western Copper & Gold Corp (NYSE:WRN) by 57.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,094,474 shares of the company’s stock after purchasing an additional 398,974 shares during the quarter. Euro Pacific Asset Management LLC owned approximately 0.55% of Western Copper & Gold worth $1,149,000 as of its most recent filing with the Securities and Exchange Commission. 21.96% of the stock is owned by institutional investors and hedge funds.

Western Copper & Gold Trading Down 2.9 %

NYSE WRN opened at $1.01 on Thursday. The company has a 50 day simple moving average of $1.07. Western Copper & Gold has a one year low of $0.95 and a one year high of $1.66. The stock has a market capitalization of $200.37 million, a price-to-earnings ratio of -50.50 and a beta of 1.83.

About Western Copper & Gold

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.