Western Copper & Gold (NYSE:WRN) Sees Large Volume Increase – Still a Buy?

Western Copper & Gold Corp (NYSE:WRN) saw strong trading volume on Monday . 494,410 shares were traded during mid-day trading, a decline of 17% from the previous session’s volume of 595,275 shares.The stock last traded at $2.73 and had previously closed at $2.99.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright upped their price target on Western Copper & Gold from $4.00 to $4.25 and gave the company a “buy” rating in a report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $4.25.

Western Copper & Gold Price Performance

The company has a market cap of $559.70 million, a PE ratio of -138.50 and a beta of 1.06. The stock has a 50 day simple moving average of $2.35 and a two-hundred day simple moving average of $1.82.

Institutional Investors Weigh In On Western Copper & Gold

Institutional investors and hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC acquired a new position in Western Copper & Gold in the 3rd quarter valued at $25,000. Jones Financial Companies Lllp acquired a new position in shares of Western Copper & Gold during the third quarter worth about $30,000. Centiva Capital LP acquired a new position in shares of Western Copper & Gold during the third quarter worth about $31,000. Jane Street Group LLC purchased a new position in Western Copper & Gold during the second quarter worth about $45,000. Finally, Dynamic Advisor Solutions LLC purchased a new stake in Western Copper & Gold in the 3rd quarter valued at approximately $58,000. 21.96% of the stock is owned by hedge funds and other institutional investors.

About Western Copper & Gold

Western Copper & Gold Corporation is a Canadian-based mineral exploration and development company focused on advancing large-scale copper and gold projects. Headquartered in Vancouver, British Columbia, the company is publicly traded on the New York Stock Exchange American under the ticker WRN and on the Toronto Stock Exchange under WRN. Its principal asset is the 100%-owned Casino Project, located in Canada’s Yukon Territory, which is recognized as one of the largest undeveloped copper-gold porphyry deposits in North America.

The company’s core activities encompass geological exploration, drilling, metallurgical testing and comprehensive feasibility studies.