Western Copper & Gold (NYSE:WRN) Upgraded by Cormark to Moderate Buy Rating

Cormark upgraded shares of Western Copper & Gold (NYSE:WRN) to a moderate buy rating in a research report report published on Tuesday morning,Zacks.com reports.

Several other equities research analysts have also issued reports on WRN. BMO Capital Markets began coverage on shares of Western Copper & Gold in a report 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. StockNews.com upgraded Western Copper & Gold to a “sell” rating in a research report on Tuesday, February 4th. HC Wainwright reiterated a “buy” rating and issued a $4.25 price target on shares of Western Copper & Gold in a report on Tuesday. Finally, Canaccord Genuity Group initiated coverage on Western Copper & Gold in a report on Monday, December 9th. They set a “speculative buy” rating for the company. One analyst has rated the stock with a sell rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Western Copper & Gold currently has a consensus rating of “Moderate Buy” and a consensus price target of $4.25.

Western Copper & Gold Stock Down 7.2 %

Shares of WRN opened at $1.03 on Tuesday. The business has a fifty day moving average of $1.06 and a 200 day moving average of $1.12. The company has a market cap of $204.34 million, a PE ratio of -51.50 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.

Hedge Funds Weigh In On Western Copper & Gold

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

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.