Western Copper & Gold Corp (NYSE:WRN) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Western Copper & Gold Corp (NYSE:WRN) have been assigned a consensus recommendation of “Buy” from the four analysts that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $4.25.

Several analysts have commented on WRN shares. BMO Capital Markets started coverage on shares of Western Copper & Gold in a research note on Thursday. They issued an “outperform” rating on the stock. Canaccord Genuity Group initiated coverage on Western Copper & Gold in a research note on Monday, December 9th. They set a “speculative buy” rating for the company. StockNews.com raised Western Copper & Gold to a “sell” rating in a research note on Tuesday, October 15th. Canaccord Genuity Group began coverage on Western Copper & Gold in a research report on Monday, December 9th. They set a “speculative buy” rating for the company. Finally, National Bank Financial upgraded shares of Western Copper & Gold to a “strong-buy” rating in a research report on Monday, September 30th.

Western Copper & Gold Price Performance

Shares of WRN stock traded down $0.01 during mid-day trading on Thursday, hitting $1.01. The company had a trading volume of 58,645 shares, compared to its average volume of 295,633. The stock has a market capitalization of $200.37 million, a P/E ratio of -50.50 and a beta of 1.83. The company has a 50 day simple moving average of $1.08. Western Copper & Gold has a 52-week low of $0.95 and a 52-week high of $1.66.

Institutional Trading of Western Copper & Gold

A hedge fund recently bought a new stake in Western Copper & Gold stock. Advisory Alpha LLC bought a new stake in shares of Western Copper & Gold Corp (NYSE:WRN) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 45,991 shares of the company’s stock, valued at approximately $48,000. 21.96% of the stock is owned by hedge funds and other institutional investors.

About Western Copper & Gold

Western Copper & Gold Corp. operates as an exploration stage company, which engages in the acquisition, exploration, and future development of mineral resource properties. It currently focuses on the development of the Casino Project. The company was founded on March 17, 2006 and is headquartered in Vancouver, Canada.