Western Copper & Gold (NYSE:WRN) Stock Price Up 7.8% – Time to Buy?

Western Copper & Gold Corp (NYSE:WRN) was up 7.8% on Tuesday . The company traded as high as $3.63 and last traded at $3.60. Approximately 1,155,449 shares traded hands during trading, a decline of 26% from the average daily volume of 1,569,090 shares. The stock had previously closed at $3.34.

Wall Street Analyst Weigh In

Separately, HC Wainwright boosted their target price on Western Copper & Gold from $4.00 to $4.25 and gave the company a “buy” rating in a research note on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. Based on data from MarketBeat, Western Copper & Gold currently has an average rating of “Buy” and an average price target of $4.25.

Western Copper & Gold Trading Up 10.8%

The stock has a market cap of $747.61 million, a P/E ratio of -185.00 and a beta of 1.08. The company’s 50 day moving average price is $2.65 and its two-hundred day moving average price is $2.00.

Hedge Funds Weigh In On Western Copper & Gold

Several institutional investors have recently bought and sold shares of the stock. Wealth Management Associates Inc. increased its stake in Western Copper & Gold by 7.1% in the 3rd quarter. Wealth Management Associates Inc. now owns 67,900 shares of the company’s stock worth $134,000 after acquiring an additional 4,500 shares during the last quarter. Dynamic Advisor Solutions LLC grew its holdings in shares of Western Copper & Gold by 22.6% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 36,140 shares of the company’s stock valued at $96,000 after purchasing an additional 6,665 shares in the last quarter. Gamco Investors INC. ET AL increased its position in Western Copper & Gold by 2.4% in the third quarter. Gamco Investors INC. ET AL now owns 433,200 shares of the company’s stock worth $853,000 after purchasing an additional 10,000 shares during the last quarter. Raymond James Financial Inc. raised its stake in Western Copper & Gold by 23.1% during the second quarter. Raymond James Financial Inc. now owns 53,253 shares of the company’s stock valued at $67,000 after purchasing an additional 10,000 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in Western Copper & Gold during the third quarter valued at $25,000. 21.96% of the stock is owned by hedge funds and other institutional investors.

Western Copper & Gold Company Profile

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.