Western Copper and Gold (NYSEAMERICAN:WRN) Given New $4.25 Price Target at HC Wainwright

Western Copper and Gold (NYSEAMERICAN:WRN) (TSE:WRN) had its price objective lifted by HC Wainwright from $3.75 to $4.25 in a research report sent to investors on Wednesday, Benzinga reports. They currently have a buy rating on the stock. HC Wainwright also issued estimates for Western Copper and Gold’s FY2024 earnings at ($0.02) EPS and FY2025 earnings at ($0.02) EPS.

Western Copper and Gold Stock Performance

Shares of Western Copper and Gold stock opened at $1.41 on Wednesday. Western Copper and Gold has a twelve month low of $0.95 and a twelve month high of $1.74. The stock has a market cap of $276.52 million, a PE ratio of -47.00 and a beta of 1.94.

Western Copper and Gold (NYSEAMERICAN:WRN) (TSE:WRN) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.01) earnings per share (EPS) for the quarter. Research analysts forecast that Western Copper and Gold will post -0.02 earnings per share for the current year.

Hedge Funds Weigh In On Western Copper and Gold

Institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. raised its stake in shares of Western Copper and Gold by 379.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 52,753 shares of the company’s stock worth $70,000 after acquiring an additional 41,753 shares during the last quarter. Gamco Investors INC. ET AL raised its stake in shares of Western Copper and Gold by 5.8% in the third quarter. Gamco Investors INC. ET AL now owns 642,070 shares of the company’s stock worth $876,000 after acquiring an additional 35,400 shares during the last quarter. National Bank of Canada FI raised its stake in shares of Western Copper and Gold by 750.0% in the fourth quarter. National Bank of Canada FI now owns 34,000 shares of the company’s stock worth $45,000 after acquiring an additional 30,000 shares during the last quarter. Rathbones Group PLC bought a new position in shares of Western Copper and Gold in the third quarter worth about $38,000. Finally, Sweeney & Michel LLC bought a new position in shares of Western Copper and Gold in the first quarter worth about $118,000. 21.96% of the stock is owned by institutional investors.

About Western Copper and Gold

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, copper, silver, and molybdenum deposits. Its principal property is the Casino mineral property that comprise 1,136 full and partial quartz claims, and 55 placer claims located in Yukon, Canada.