Western Copper and Gold’s (WRN) “Buy” Rating Reiterated at HC Wainwright

HC Wainwright reissued their buy rating on shares of Western Copper and Gold (NYSEAMERICAN:WRN) (TSE:WRN) in a research note released on Friday morning, Marketbeat.com reports. The firm currently has a $5.75 target price on the stock.

Separately, UBS Group reissued a “buy” rating and issued a $5.25 target price on shares of Western Copper and Gold in a report on Wednesday, August 26th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $5.50.

Western Copper and Gold Stock Performance

Shares of NYSEAMERICAN:WRN opened at $2.40 on Friday. The business has a 50-day simple moving average of $2.30 and a two-hundred day simple moving average of $2.60. Western Copper and Gold has a fifty-two week low of $1.47 and a fifty-two week high of $4.26. The firm has a market cap of $542.02 million, a price-to-earnings ratio of -120.00 and a beta of 1.32.

Hedge Funds Weigh In On Western Copper and Gold

Several institutional investors have recently bought and sold shares of WRN. Deutsche Bank AG purchased a new position in shares of Western Copper and Gold during the second quarter valued at approximately $27,000. Dimensional Fund Advisors LP purchased a new position in shares of Western Copper and Gold during the fourth quarter worth approximately $28,000. Centiva Capital LP purchased a new position in shares of Western Copper and Gold during the third quarter worth approximately $31,000. Jane Street Group LLC bought a new stake in shares of Western Copper and Gold during the second quarter valued at approximately $45,000. Finally, International Assets Investment Management LLC raised its stake in shares of Western Copper and Gold by 45.6% during the fourth quarter. International Assets Investment Management LLC now owns 18,200 shares of the company’s stock valued at $49,000 after acquiring an additional 5,700 shares in the last quarter. Institutional investors own 21.96% of the company’s stock.

Western Copper and Gold Company Profile

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.