Western Copper and Gold (WRN) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Western Copper and Gold (NYSEAMERICAN:WRN) (TSE:WRN) from a buy rating to a hold rating in a report released on Friday morning, Zacks.com reports.

According to Zacks, “Western Copper Corporation is an exploration and development company focused in the exploration and production of gold, copper and molybdenum. Its reserves are located in Copper Project (Hushamu) in British Columbia and the Redstone property in the Northwest Territories. Western Copper Corporation is headquartered in Vancouver, Canada. “

Separately, HC Wainwright reaffirmed a buy rating and set a $1.75 target price on shares of Western Copper and Gold in a report on Tuesday, February 12th.

Shares of NYSEAMERICAN:WRN opened at $0.57 on Friday. Western Copper and Gold has a 52-week low of $0.35 and a 52-week high of $1.01.

Western Copper and Gold (NYSEAMERICAN:WRN) (TSE:WRN) last announced its quarterly earnings data on Thursday, March 14th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01).

A hedge fund recently raised its stake in Western Copper and Gold stock. Deutsche Bank AG raised its holdings in Western Copper and Gold Corp (NYSEAMERICAN:WRN) (TSE:WRN) by 156.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 98,379 shares of the company’s stock after purchasing an additional 60,000 shares during the period. Deutsche Bank AG owned about 0.10% of Western Copper and Gold worth $44,000 at the end of the most recent quarter.

About Western Copper and Gold

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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