Western Copper and Gold (WRN) Expected to Announce Quarterly Earnings on Thursday

Western Copper and Gold (NYSEAMERICAN:WRN) (TSE:WRN) will likely be releasing its results after the market closes on Thursday, August 6th. Analysts expect Western Copper and Gold to post earnings of ($0.01) per share for the quarter.

Western Copper and Gold Price Performance

NYSEAMERICAN:WRN traded up $0.07 during mid-day trading on Tuesday, reaching $2.17. The stock had a trading volume of 106,098 shares, compared to its average volume of 1,979,735. Western Copper and Gold has a 12 month low of $1.20 and a 12 month high of $4.26. The stock has a market capitalization of $491.20 million, a PE ratio of -217.50 and a beta of 1.27. The stock has a 50-day simple moving average of $2.35 and a two-hundred day simple moving average of $2.77.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Western Copper and Gold

Several hedge funds have recently modified their holdings of the company. Franklin Resources Inc. increased its holdings in Western Copper and Gold by 6.1% in the 4th quarter. Franklin Resources Inc. now owns 4,860,000 shares of the company’s stock worth $12,995,000 after purchasing an additional 280,000 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of Western Copper and Gold by 33.0% during the third quarter. Tidal Investments LLC now owns 3,358,509 shares of the company’s stock valued at $6,616,000 after purchasing an additional 833,348 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Western Copper and Gold by 696.3% during the third quarter. Bank of America Corp DE now owns 989,615 shares of the company’s stock worth $1,950,000 after purchasing an additional 865,339 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of Western Copper and Gold by 110.8% during the third quarter. Mackenzie Financial Corp now owns 970,084 shares of the company’s stock worth $1,923,000 after purchasing an additional 510,000 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in shares of Western Copper and Gold by 196.9% in the fourth quarter. Marshall Wace LLP now owns 857,181 shares of the company’s stock valued at $2,289,000 after buying an additional 568,468 shares during the period. Institutional investors and hedge funds 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.