Western Copper & Gold (NYSE:WRN) Trading 9.4% Higher – Time to Buy?

Western Copper & Gold Corp (NYSE:WRN)’s share price traded up 9.4% on Tuesday . The stock traded as high as $3.62 and last traded at $3.60. 1,354,857 shares changed hands during mid-day trading, a decline of 40% from the average session volume of 2,249,261 shares. The stock had previously closed at $3.29.

Western Copper & Gold Stock Up 12.5%

The business has a fifty day moving average price of $2.97 and a 200-day moving average price of $2.17. The company has a market cap of $748.65 million, a P/E ratio of -185.00 and a beta of 1.08.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its holdings in shares of Western Copper & Gold by 98.0% during the first quarter. Goldman Sachs Group Inc. now owns 488,693 shares of the company’s stock worth $555,000 after buying an additional 241,868 shares in the last quarter. Wealth Management Associates Inc. increased its position in Western Copper & Gold by 42.8% during the second quarter. Wealth Management Associates Inc. now owns 63,400 shares of the company’s stock worth $79,000 after acquiring an additional 19,000 shares during the period. Prospera Financial Services Inc raised its stake in Western Copper & Gold by 213.1% in the 2nd quarter. Prospera Financial Services Inc now owns 119,750 shares of the company’s stock worth $150,000 after purchasing an additional 81,500 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in Western Copper & Gold by 25.8% in the 2nd quarter. SBI Securities Co. Ltd. now owns 93,757 shares of the company’s stock valued at $117,000 after purchasing an additional 19,221 shares during the period. Finally, JPMorgan Chase & Co. acquired a new position in shares of Western Copper & Gold during the 2nd quarter worth approximately $87,000. 21.96% of the stock is owned by institutional investors and hedge funds.

Western Copper & Gold Company Profile

Western Copper & Gold Corporation is a Canadian-based mineral exploration and development company focused on advancing large-scale copper and gold projects. Headquartered in Vancouver, British Columbia, the company is publicly traded on the New York Stock Exchange American under the ticker WRN and on the Toronto Stock Exchange under WRN. Its principal asset is the 100%-owned Casino Project, located in Canada’s Yukon Territory, which is recognized as one of the largest undeveloped copper-gold porphyry deposits in North America.

The company’s core activities encompass geological exploration, drilling, metallurgical testing and comprehensive feasibility studies.