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

Western Copper and Gold (NYSEAMERICAN:WRN) (TSE:WRN)‘s stock had its “buy” rating restated by equities researchers at HC Wainwright in a research report issued on Wednesday,Benzinga reports. They currently have a $5.75 price target on the stock. HC Wainwright’s target price indicates a potential upside of 138.59% from the stock’s current price.

Western Copper and Gold Stock Down 1.2%

NYSEAMERICAN WRN opened at $2.41 on Wednesday. Western Copper and Gold has a 52 week low of $0.90 and a 52 week high of $4.26. The business has a 50 day moving average price of $3.19 and a 200-day moving average price of $2.61. The company has a market cap of $543.74 million, a price-to-earnings ratio of -241.00 and a beta of 1.02.

Institutional Investors Weigh In On Western Copper and Gold

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP acquired a new position in Western Copper and Gold during the 4th quarter valued at about $28,000. International Assets Investment Management LLC purchased a new position in shares of Western Copper and Gold during the third quarter valued at approximately $25,000. Jones Financial Companies Lllp bought a new stake in Western Copper and Gold during the third quarter worth $30,000. Centiva Capital LP bought a new stake in Western Copper and Gold during the third quarter worth $31,000. Finally, Brookstone Capital Management purchased a new stake in Western Copper and Gold in the 4th quarter valued at $49,000. 21.96% of the stock is owned by institutional investors.

About Western Copper and Gold

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.