Western Copper and Gold (NYSEAMERICAN:WRN) Stock Crosses Above 50-Day Moving Average – Here’s What Happened

Shares of Western Copper and Gold Corporation (NYSEAMERICAN:WRN) (TSE:WRN) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $2.28 and traded as high as $2.48. Western Copper and Gold shares last traded at $2.45, with a volume of 1,031,663 shares trading hands.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reiterated a “buy” rating on shares of Western Copper and Gold in a report on Tuesday, June 30th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Western Copper and Gold presently has an average rating of “Buy” and an average price target of $5.75.

Western Copper and Gold Price Performance

The company has a market capitalization of $539.76 million, a P/E ratio of -119.50 and a beta of 1.27. The stock has a 50-day moving average price of $2.27 and a 200-day moving average price of $2.71.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC raised its stake in Western Copper and Gold by 45.6% during the 4th quarter. International Assets Investment Management LLC now owns 18,200 shares of the company’s stock worth $49,000 after buying an additional 5,700 shares during the period. Gamco Investors INC. ET AL boosted its holdings in Western Copper and Gold by 1.2% in the first quarter. Gamco Investors INC. ET AL now owns 534,800 shares of the company’s stock worth $1,353,000 after acquiring an additional 6,600 shares in the last quarter. Raymond James Financial Inc. grew its stake in Western Copper and Gold by 23.1% in the second quarter. Raymond James Financial Inc. now owns 53,253 shares of the company’s stock valued at $67,000 after acquiring an additional 10,000 shares during the period. Dimensional Fund Advisors LP acquired a new stake in Western Copper and Gold in the fourth quarter valued at approximately $28,000. Finally, Deutsche Bank AG bought a new stake in shares of Western Copper and Gold during the second quarter valued at approximately $27,000. Institutional investors and hedge funds own 21.96% of the company’s stock.

About Western Copper and Gold

Western Copper and Gold Corporation is a Canada-based mineral exploration and development company focused on advancing one of the world’s largest undeveloped copper-gold deposits. Listed on the NYSE American under the symbol WRN, the company’s primary asset is the Casino Project, located in the Yukon Territory of northern Canada. Western Copper and Gold’s activities are centered on resource definition, engineering studies, environmental assessment and community engagement to prepare the deposit for eventual production.

The Casino Project comprises multiple porphyry-style mineralized zones containing copper, gold, molybdenum and silver.