Western Copper and Gold’s (WRN) Buy Rating Reaffirmed at HC Wainwright
Western Copper and Gold (NYSEAMERICAN:WRN) (TSE:WRN)‘s stock had its “buy” rating reiterated by investment analysts at HC Wainwright in a research report issued on Tuesday. They currently have a $1.75 target price on the stock. HC Wainwright’s price objective indicates a potential upside of 150.00% from the company’s previous close.
The analysts wrote, “We further note that the company has already started integrating the BATT outcomes into the tailings facility design for Casino, which is likely even more important given the recent Vale (VALE; not rated) tailings dam failure in Brazil that remains in the headlines across the world. We highlight that this extra engineering work has thus far caused the company to defer submission of its ESE Board (YESAB). While increasing overall timelines for the site amid our first production estimate by a year, we believe this delay likely has no impact on the longer-term viability of the project.””
NYSEAMERICAN WRN opened at $0.70 on Tuesday. Western Copper and Gold has a 12 month low of $0.35 and a 12 month high of $1.01.
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, silver, copper, and molybdenum deposits. It focuses on advancing Casino mineral property located in Yukon, Canada. The company was formerly known as Western Copper Corporation and changed its name to Western Copper and Gold Corporation in October 2011.
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