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

Western Copper and Gold (NYSEAMERICAN:WRN) (TSE:WRN)‘s stock had its “buy” rating reiterated by analysts at HC Wainwright in a research note issued on Friday, MarketBeat Ratings reports. They currently have a $5.75 price target on the stock. HC Wainwright’s price target points to a potential upside of 138.59% from the company’s previous close.

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

Western Copper and Gold Stock Performance

Shares of NYSEAMERICAN:WRN opened at $2.41 on Friday. Western Copper and Gold has a one year low of $1.45 and a one year high of $4.26. The stock has a fifty day moving average of $2.29 and a 200-day moving average of $2.60. The company has a market capitalization of $544.27 million, a PE ratio of -120.50 and a beta of 1.32.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in WRN. PenderFund Capital Management Ltd. acquired a new stake in shares of Western Copper and Gold during the second quarter valued at approximately $900,000. Bank of America Corp DE acquired a new position in Western Copper and Gold in the 2nd quarter worth approximately $5,229,000. Cibc World Market Inc. acquired a new position in Western Copper and Gold in the 2nd quarter worth approximately $423,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Western Copper and Gold during the 2nd quarter worth approximately $704,000. Finally, Quantbot Technologies LP purchased a new position in Western Copper and Gold during the 2nd quarter worth approximately $581,000. 21.96% of the stock is owned by hedge funds and other institutional investors.

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.