Brokerages Set Western Copper & Gold Corp (NYSE:WRN) Price Target at $4.25

Shares of Western Copper & Gold Corp (NYSE:WRN) have been assigned an average recommendation of “Buy” from the five brokerages that are currently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $4.25.

WRN has been the subject of a number of research reports. BMO Capital Markets initiated coverage on shares of Western Copper & Gold in a research note on Thursday, January 23rd. They set an “outperform” rating for the company. Canaccord Genuity Group assumed coverage on Western Copper & Gold in a report on Monday, December 9th. They issued a “speculative buy” rating on the stock. StockNews.com raised Western Copper & Gold to a “sell” rating in a report on Tuesday, February 4th. Canaccord Genuity Group began coverage on Western Copper & Gold in a research note on Monday, December 9th. They issued a “speculative buy” rating on the stock. Finally, Cormark raised Western Copper & Gold to a “moderate buy” rating in a research note on Tuesday, February 18th.

Western Copper & Gold Stock Performance

Western Copper & Gold stock opened at $1.07 on Monday. The stock has a market capitalization of $212.28 million, a P/E ratio of -53.50 and a beta of 1.81. The company’s fifty day moving average price is $1.06 and its 200 day moving average price is $1.12. Western Copper & Gold has a 1 year low of $0.95 and a 1 year high of $1.66.

Institutional Investors Weigh In On Western Copper & Gold

Several hedge funds and other institutional investors have recently made changes to their positions in WRN. Raymond James Financial Inc. acquired a new stake in Western Copper & Gold during the fourth quarter worth about $45,000. Advisory Alpha LLC acquired a new position in shares of Western Copper & Gold in the 4th quarter worth approximately $48,000. Virtu Financial LLC acquired a new position in Western Copper & Gold during the fourth quarter worth $64,000. Millstone Evans Group LLC purchased a new position in Western Copper & Gold during the 4th quarter valued at about $303,000. Finally, Dauntless Investment Group LLC purchased a new position in shares of Western Copper & Gold in the fourth quarter valued at approximately $316,000. Institutional investors and hedge funds own 21.96% of the company’s stock.

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.