Western Copper & Gold (NYSE:WRN) Trading 3.1% Higher – What’s Next?

Western Copper & Gold Corp (NYSE:WRN)’s stock price rose 3.1% during mid-day trading on Friday . The company traded as high as $2.95 and last traded at $2.95. Approximately 352,779 shares were traded during trading, a decline of 41% from the average daily volume of 593,913 shares. The stock had previously closed at $2.86.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright increased their target price on shares of Western Copper & Gold from $4.00 to $4.25 and gave the stock a “buy” rating in a research note on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, Western Copper & Gold currently has a consensus rating of “Buy” and a consensus target price of $4.25.

Western Copper & Gold Stock Up 3.5%

The firm has a 50-day moving average price of $2.31 and a 200 day moving average price of $1.78. The firm has a market capitalization of $598.09 million, a PE ratio of -148.00 and a beta of 1.06.

Institutional Trading of Western Copper & Gold

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wealth Management Associates Inc. boosted its stake in shares of Western Copper & Gold by 7.1% in the third quarter. Wealth Management Associates Inc. now owns 67,900 shares of the company’s stock valued at $134,000 after purchasing an additional 4,500 shares during the period. Raymond James Financial Inc. lifted its holdings in Western Copper & Gold by 23.1% during the 2nd quarter. Raymond James Financial Inc. now owns 53,253 shares of the company’s stock worth $67,000 after buying an additional 10,000 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in Western Copper & Gold by 2.4% in the 3rd quarter. Gamco Investors INC. ET AL now owns 433,200 shares of the company’s stock valued at $853,000 after buying an additional 10,000 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Western Copper & Gold in the third quarter worth $25,000. Finally, Jones Financial Companies Lllp acquired a new position in shares of Western Copper & Gold in the third quarter worth $30,000. 21.96% of the stock is currently owned by hedge funds and other institutional investors.

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.