Varde Management L.P. Acquires New Stake in Western Copper and Gold Corp (NYSEAMERICAN:WRN)

Varde Management L.P. acquired a new position in Western Copper and Gold Corp (NYSEAMERICAN:WRN) (TSE:WRN) during the first quarter, Holdings Channel reports. The fund acquired 3,740,300 shares of the company’s stock, valued at approximately $2,100,000. Western Copper and Gold accounts for approximately 0.5% of Varde Management L.P.’s investment portfolio, making the stock its 3rd largest holding.

Separately, Deutsche Bank AG lifted its position in shares of Western Copper and Gold by 156.3% in the fourth quarter. Deutsche Bank AG now owns 98,379 shares of the company’s stock worth $44,000 after purchasing an additional 60,000 shares in the last quarter.

Separately, Zacks Investment Research raised shares of Western Copper and Gold from a “sell” rating to a “hold” rating in a research report on Saturday, May 18th.

WRN remained flat at $$0.62 during trading on Monday. 30,292 shares of the company were exchanged, compared to its average volume of 84,888. Western Copper and Gold Corp has a fifty-two week low of $0.35 and a fifty-two week high of $0.99.

Western Copper and Gold (NYSEAMERICAN:WRN) (TSE:WRN) last issued its earnings results on Thursday, March 14th. The company reported ($0.01) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.01).

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Western Copper and Gold Company Profile

Western Copper and Gold Corporation, an exploration stage company, engages in the exploration and development of mineral properties in Canada. The company explores for gold, silver, copper, and molybdenum deposits. It focuses on advancing Casino mineral property located in Yukon, Canada. The company was formerly known as Western Copper Corporation and changed its name to Western Copper and Gold Corporation in October 2011.

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