Western Copper and Gold (NYSEAMERICAN:WRN) Earns “Buy” Rating from HC Wainwright

HC Wainwright reissued their buy rating on shares of Western Copper and Gold (NYSEAMERICAN:WRN) (TSE:WRN) in a research note released on Wednesday morning, Benzinga reports. They currently have a $4.25 price target on the stock.

Separately, Eight Capital upgraded Western Copper and Gold to a strong-buy rating in a report on Tuesday, June 11th.

Western Copper and Gold Stock Down 0.9 %

NYSEAMERICAN:WRN opened at $1.15 on Wednesday. The stock has a market cap of $227.14 million, a P/E ratio of -38.33 and a beta of 1.94. Western Copper and Gold has a 52-week low of $0.95 and a 52-week high of $1.74.

Western Copper and Gold (NYSEAMERICAN:WRN) (TSE:WRN) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.01) earnings per share (EPS) for the quarter. On average, research analysts predict that Western Copper and Gold will post -0.02 earnings per share for the current year.

Hedge Funds Weigh In On Western Copper and Gold

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Carderock Capital Management Inc. acquired a new stake in Western Copper and Gold during the 1st quarter worth approximately $44,000. National Bank of Canada FI raised its stake in Western Copper and Gold by 750.0% in the 4th quarter. National Bank of Canada FI now owns 34,000 shares of the company’s stock worth $45,000 after purchasing an additional 30,000 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of 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 purchasing an additional 41,753 shares in the last quarter. Sweeney & Michel LLC bought a new position in shares of Western Copper and Gold during the first quarter worth approximately $118,000. Finally, Platte River Wealth Advisors LLC bought a new position in shares of Western Copper and Gold during the first quarter worth approximately $843,000. 21.96% of the stock is 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.