Western Copper & Gold (NYSE:WRN) Upgraded at StockNews.com

Western Copper & Gold (NYSE:WRN) was upgraded by StockNews.com to a “sell” rating in a report released on Wednesday.

Other analysts also recently issued research reports about the company. HC Wainwright reiterated a “buy” rating and set a $4.25 price target on shares of Western Copper & Gold in a research report on Tuesday, February 18th. Canaccord Genuity Group initiated coverage on shares of Western Copper & Gold in a research note on Monday, December 9th. They issued a “speculative buy” rating for the company. BMO Capital Markets started coverage on shares of Western Copper & Gold in a research report on Thursday, January 23rd. They set an “outperform” rating on the stock. Cormark upgraded shares of Western Copper & Gold to a “moderate buy” rating in a research report on Tuesday, February 18th. Finally, Canaccord Genuity Group began coverage on Western Copper & Gold in a research report on Monday, December 9th. They set a “speculative buy” rating on the stock. One analyst has rated the stock with a sell rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Western Copper & Gold currently has a consensus rating of “Moderate Buy” and an average target price of $4.25.

Western Copper & Gold Stock Performance

Shares of WRN stock opened at $1.17 on Wednesday. The company has a market capitalization of $232.16 million, a PE ratio of -58.50 and a beta of 1.77. Western Copper & Gold has a 52-week low of $0.98 and a 52-week high of $1.66. The business’s fifty day moving average is $1.06 and its 200 day moving average is $1.11.

Institutional Trading of Western Copper & Gold

Hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in Western Copper & Gold during the 4th quarter valued at $45,000. Advisory Alpha LLC bought a new position in shares of Western Copper & Gold during the fourth quarter valued at about $48,000. Virtu Financial LLC purchased a new stake in shares of Western Copper & Gold during the fourth quarter worth about $64,000. Millstone Evans Group LLC bought a new stake in shares of Western Copper & Gold in the fourth quarter worth about $303,000. Finally, Dauntless Investment Group LLC purchased a new position in Western Copper & Gold during the 4th quarter valued at about $316,000. 21.96% of the stock is owned by institutional investors.

Western Copper & Gold Company Profile

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.