Western Copper and Gold (WRN) Projected to Post Earnings on Wednesday

Western Copper and Gold (NYSEAMERICAN:WRN) (TSE:WRN) is projected to release its results before the market opens on Wednesday, March 18th. Analysts expect Western Copper and Gold to post earnings of ($0.01) per share for the quarter.

Western Copper and Gold Price Performance

Western Copper and Gold stock opened at $2.81 on Tuesday. The stock has a market capitalization of $632.76 million, a PE ratio of -281.00 and a beta of 1.02. The business’s fifty day moving average is $3.28 and its 200 day moving average is $2.56. Western Copper and Gold has a one year low of $0.90 and a one year high of $4.26.

Institutional Inflows and Outflows

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