Walleye Capital LLC Acquires Shares of 888,943 Western Copper and Gold Corporation $WRN

Walleye Capital LLC acquired a new stake in shares of Western Copper and Gold Corporation (NYSEAMERICAN:WRN) (TSE:WRN) in the first quarter, Holdings Channel reports. The firm acquired 888,943 shares of the company’s stock, valued at approximately $2,249,000.

Several other hedge funds have also added to or reduced their stakes in WRN. Dimensional Fund Advisors LP purchased a new stake in shares of Western Copper and Gold in the fourth quarter worth $28,000. Centiva Capital LP purchased a new position in shares of Western Copper and Gold in the 3rd quarter worth about $31,000. Jane Street Group LLC purchased a new position in shares of Western Copper and Gold in the 2nd quarter worth about $45,000. Brookstone Capital Management bought a new position in Western Copper and Gold in the 4th quarter worth about $49,000. Finally, International Assets Investment Management LLC boosted its stake in Western Copper and Gold by 45.6% in the 4th quarter. International Assets Investment Management LLC now owns 18,200 shares of the company’s stock worth $49,000 after purchasing an additional 5,700 shares in the last quarter. 21.96% of the stock is owned by institutional investors.

Western Copper and Gold Price Performance

Western Copper and Gold stock opened at $2.15 on Friday. Western Copper and Gold Corporation has a one year low of $1.18 and a one year high of $4.26. The stock has a market capitalization of $485.56 million, a PE ratio of -215.00 and a beta of 1.26. The business’s fifty day moving average is $2.44 and its 200 day moving average is $2.82.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reissued a “buy” rating on shares of Western Copper and Gold in a research report on Tuesday, June 30th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Western Copper and Gold currently has a consensus rating of “Buy” and a consensus target price of $5.75.

Western Copper and Gold 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.