Western Copper & Gold (NYSE:WRN) Rating Increased to Sell at StockNews.com

StockNews.com upgraded shares of Western Copper & Gold (NYSE:WRN) to a sell rating in a research report report published on Tuesday.

WRN has been the subject of a number of other research reports. Canaccord Genuity Group initiated coverage on Western Copper & Gold in a research report 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 report on Wednesday, December 18th. Canaccord Genuity Group initiated coverage on Western Copper & Gold in a research report on Monday, December 9th. They issued a “speculative buy” rating for the company. Finally, BMO Capital Markets started coverage on Western Copper & Gold in a research report on Thursday, January 23rd. They issued an “outperform” rating for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Western Copper & Gold currently has a consensus rating of “Moderate Buy” and a consensus price target of $4.25.

Western Copper & Gold Trading Up 2.3 %

NYSE:WRN opened at $1.09 on Tuesday. The business’s 50-day moving average price is $1.06. The firm has a market capitalization of $216.25 million, a price-to-earnings ratio of -54.50 and a beta of 1.81. Western Copper & Gold has a 52-week low of $0.95 and a 52-week high of $1.66.

Institutional Investors Weigh In On Western Copper & Gold

A number of institutional investors have recently bought and sold shares of the business. Euro Pacific Asset Management LLC purchased a new stake in shares of Western Copper & Gold during the 3rd quarter worth about $828,000. Advisory Alpha LLC purchased a new stake in shares of Western Copper & Gold during the 4th quarter worth about $48,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Western Copper & Gold during the 4th quarter worth about $45,000. 21.96% of the stock is currently owned by institutional investors and hedge funds.

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.