Western Copper & Gold’s (WRN) Buy Rating Reaffirmed at HC Wainwright

HC Wainwright reissued their buy rating on shares of Western Copper & Gold (NYSE:WRN) in a report released on Wednesday morning,Benzinga reports. HC Wainwright currently has a $4.25 target price on the stock.

A number of other research firms have also weighed in on WRN. Canaccord Genuity Group assumed coverage on shares of Western Copper & Gold in a report on Monday, December 9th. They issued a “speculative buy” rating on the stock. Canaccord Genuity Group began coverage on Western Copper & Gold in a report on Monday, December 9th. They issued a “speculative buy” rating on the stock. StockNews.com upgraded Western Copper & Gold to a “sell” rating in a report on Tuesday, October 15th. Finally, National Bank Financial upgraded Western Copper & Gold to a “strong-buy” rating in a research note on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $4.25.

Western Copper & Gold Price Performance

Shares of NYSE:WRN opened at $1.03 on Wednesday. The stock’s 50 day moving average price is $1.14. Western Copper & Gold has a twelve month low of $0.95 and a twelve month high of $1.66. The firm has a market capitalization of $203.19 million, a price-to-earnings ratio of -51.25 and a beta of 1.84.

Institutional Inflows and Outflows

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

About Western Copper & Gold

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.