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

Western Copper & Gold Corp (NYSE:WRN) has earned an average rating of “Buy” from the four ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $4.25.

A number of brokerages have recently issued reports on WRN. BMO Capital Markets initiated coverage on shares of Western Copper & Gold in a research note on Thursday. They issued an “outperform” rating for the company. National Bank Financial raised Western Copper & Gold to a “strong-buy” rating in a research note on Monday, September 30th. HC Wainwright reissued a “buy” rating and issued a $4.25 price target on shares of Western Copper & Gold in a research note on Wednesday, December 18th. Canaccord Genuity Group began 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 raised shares of Western Copper & Gold to a “sell” rating in a research report on Tuesday, October 15th.

Institutional Investors Weigh In On Western Copper & Gold

A hedge fund recently bought a new stake in Western Copper & Gold stock. Advisory Alpha LLC acquired a new position in Western Copper & Gold Corp (NYSE:WRN) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 45,991 shares of the company’s stock, valued at approximately $48,000. 21.96% of the stock is owned by institutional investors.

Western Copper & Gold Stock Performance

Shares of WRN traded down $0.01 during trading hours on Thursday, reaching $1.01. 58,645 shares of the company’s stock traded hands, compared to its average volume of 295,633. Western Copper & Gold has a 12 month low of $0.95 and a 12 month high of $1.66. The company has a market capitalization of $200.37 million, a PE ratio of -50.50 and a beta of 1.83. The firm’s 50 day simple moving average is $1.08.

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.