HC Wainwright Reiterates “Buy” Rating for Western Copper and Gold (NYSEAMERICAN:WRN)

HC Wainwright reiterated their buy rating on shares of Western Copper and Gold (NYSEAMERICAN:WRN) (TSE:WRN) in a research report released on Wednesday, Benzinga reports. They currently have a $4.25 target price on the stock.

Separately, Eight Capital raised Western Copper and Gold to a strong-buy rating in a report on Tuesday, June 11th.

Western Copper and Gold Price Performance

NYSEAMERICAN:WRN opened at $1.15 on Wednesday. Western Copper and Gold has a one year low of $0.95 and a one year high of $1.74. The stock has a market capitalization of $227.14 million, a PE ratio of -38.33 and a beta of 1.94.

Western Copper and Gold (NYSEAMERICAN:WRN) (TSE:WRN) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.01) EPS for the quarter. Research analysts forecast that Western Copper and Gold will post -0.02 earnings per share for the current year.

Institutional Trading of Western Copper and Gold

Several institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Western Copper and Gold by 379.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 52,753 shares of the company’s stock worth $70,000 after purchasing an additional 41,753 shares during the last quarter. National Bank of Canada FI lifted its holdings in shares of Western Copper and Gold by 750.0% in the 4th quarter. National Bank of Canada FI now owns 34,000 shares of the company’s stock valued at $45,000 after buying an additional 30,000 shares during the period. Sweeney & Michel LLC purchased a new stake in shares of Western Copper and Gold in the first quarter worth about $118,000. Herr Investment Group LLC acquired a new stake in Western Copper and Gold during the first quarter worth about $2,552,000. Finally, Platte River Wealth Advisors LLC purchased a new position in Western Copper and Gold during the first quarter valued at approximately $843,000. 21.96% of the stock is currently owned by institutional investors and hedge funds.

Western Copper and Gold Company Profile

Western Copper and Gold Corporation, an exploration stage company, engages in the exploration and development of mineral properties in Canada. The company explores for gold, copper, silver, and molybdenum deposits. Its principal property is the Casino mineral property that comprise 1,136 full and partial quartz claims, and 55 placer claims located in Yukon, Canada.