HC Wainwright reissued their buy rating on shares of Western Copper and Gold (NYSEAMERICAN:WRN – Free Report) (TSE:WRN) in a research note issued to investors on Wednesday,Benzinga reports. HC Wainwright currently has a $5.75 target price on the stock.
Western Copper and Gold Stock Performance
WRN opened at $2.40 on Wednesday. Western Copper and Gold has a 1 year low of $0.90 and a 1 year high of $4.26. The firm has a 50 day moving average price of $3.14 and a 200 day moving average price of $2.61. The company has a market cap of $541.49 million, a PE ratio of -80.00 and a beta of 1.02.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC bought a new stake in shares of Western Copper and Gold in the 3rd quarter worth approximately $25,000. Dimensional Fund Advisors LP bought a new position in Western Copper and Gold in the 4th quarter worth about $28,000. Jones Financial Companies Lllp acquired a new stake in shares of Western Copper and Gold in the third quarter valued at approximately $30,000. Centiva Capital LP acquired a new stake in shares of Western Copper and Gold in the third quarter valued at approximately $31,000. Finally, Jane Street Group LLC bought a new stake in shares of Western Copper and Gold during the second quarter valued at approximately $45,000. Hedge funds and other 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.
Further Reading
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