Western Copper & Gold Corp (NYSE:WRN) Given Consensus Rating of “Buy” by Brokerages

Western Copper & Gold Corp (NYSE:WRN) has earned a consensus recommendation of “Buy” from the five brokerages that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $4.25.

WRN has been the subject of several research analyst reports. HC Wainwright restated a “buy” rating and set a $4.25 price target on shares of Western Copper & Gold in a research report on Tuesday. Cormark upgraded Western Copper & Gold to a “moderate buy” rating in a research report on Tuesday. Canaccord Genuity Group initiated coverage on Western Copper & Gold in a research report on Monday, December 9th. They set a “speculative buy” rating for the company. Canaccord Genuity Group initiated coverage on Western Copper & Gold in a research report on Monday, December 9th. They set a “speculative buy” rating for the company. Finally, StockNews.com upgraded Western Copper & Gold to a “sell” rating in a research report on Tuesday, February 4th.

Western Copper & Gold Stock Performance

Shares of Western Copper & Gold stock opened at $1.07 on Monday. The firm has a market capitalization of $212.28 million, a price-to-earnings ratio of -53.50 and a beta of 1.81. Western Copper & Gold has a fifty-two week low of $0.95 and a fifty-two week high of $1.66. The stock has a 50 day moving average of $1.06 and a 200 day moving average of $1.12.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of WRN. Euro Pacific Asset Management LLC purchased a new position in Western Copper & Gold in the third quarter valued at $828,000. Advisory Alpha LLC purchased a new position in Western Copper & Gold in the fourth quarter valued at $48,000. Raymond James Financial Inc. purchased a new position in Western Copper & Gold in the fourth quarter valued at $45,000. Millstone Evans Group LLC purchased a new position in Western Copper & Gold in the fourth quarter valued at $303,000. Finally, Virtu Financial LLC purchased a new position in Western Copper & Gold in the fourth quarter valued at $64,000. 21.96% of the stock is currently owned by hedge funds and other 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.