Western Copper & Gold (NYSE:WRN) Coverage Initiated by Analysts at BMO Capital Markets

BMO Capital Markets started coverage on shares of Western Copper & Gold (NYSE:WRN) in a research note issued to investors on Thursday morning, MarketBeat Ratings reports. The firm issued an outperform rating on the stock.

WRN has been the subject of a number of other reports. HC Wainwright reiterated a “buy” rating and set a $4.25 price target on shares of Western Copper & Gold in a research report on Wednesday, December 18th. Canaccord Genuity Group began coverage on Western Copper & Gold in a report on Monday, December 9th. They set a “speculative buy” rating for the company. National Bank Financial upgraded Western Copper & Gold to a “strong-buy” rating in a research report on Monday, September 30th. 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, StockNews.com upgraded shares of Western Copper & Gold to a “sell” rating in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $4.25.

Western Copper & Gold Price Performance

Shares of WRN opened at $1.01 on Thursday. The stock has a market cap of $200.37 million, a P/E ratio of -50.50 and a beta of 1.83. Western Copper & Gold has a 52-week low of $0.95 and a 52-week high of $1.66. The company has a 50-day moving average of $1.08.

Institutional Investors Weigh In On Western Copper & Gold

A hedge fund recently bought a new stake in Western Copper & Gold stock. Euro Pacific Asset Management LLC acquired a new stake in shares of Western Copper & Gold Corp (NYSE:WRN) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 695,500 shares of the company’s stock, valued at approximately $828,000. Euro Pacific Asset Management LLC owned about 0.35% of Western Copper & Gold as of its most recent SEC filing. 21.96% of the stock is 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.