Millstone Evans Group LLC Takes $303,000 Position in Western Copper & Gold Corp (NYSE:WRN)

Millstone Evans Group LLC bought a new stake in shares of Western Copper & Gold Corp (NYSE:WRN) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 288,926 shares of the company’s stock, valued at approximately $303,000. Millstone Evans Group LLC owned approximately 0.15% of Western Copper & Gold at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Euro Pacific Asset Management LLC grew its stake in shares of Western Copper & Gold by 57.4% during the fourth quarter. Euro Pacific Asset Management LLC now owns 1,094,474 shares of the company’s stock valued at $1,149,000 after acquiring an additional 398,974 shares in the last quarter. Advisory Alpha LLC bought a new stake in Western Copper & Gold in the fourth quarter valued at about $48,000. Finally, Raymond James Financial Inc. bought a new stake in Western Copper & Gold in the fourth quarter valued at about $45,000. 21.96% of the stock is currently owned by institutional investors and hedge funds.

Western Copper & Gold Stock Down 1.7 %

Shares of WRN stock opened at $1.13 on Friday. The business has a 50 day moving average of $1.05 and a two-hundred day moving average of $1.11. Western Copper & Gold Corp has a 52 week low of $0.98 and a 52 week high of $1.66. The company has a market cap of $224.23 million, a P/E ratio of -56.50 and a beta of 1.77.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. HC Wainwright reissued a “buy” rating and issued a $4.25 price objective on shares of Western Copper & Gold in a report on Tuesday, February 18th. Cormark raised Western Copper & Gold to a “moderate buy” rating in a report on Tuesday, February 18th. BMO Capital Markets assumed coverage on Western Copper & Gold in a report on Thursday, January 23rd. They issued an “outperform” rating for the company. Canaccord Genuity Group began coverage on Western Copper & Gold in a report on Monday, December 9th. They issued a “speculative buy” rating for the company. Finally, StockNews.com upgraded Western Copper & Gold to a “sell” rating in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $4.25.

Western Copper & Gold Profile

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.