Western Copper and Gold Corporation (NYSEAMERICAN:WRN – Get Free Report) (TSE:WRN)’s stock price fell 6.5% during mid-day trading on Thursday . The stock traded as low as $2.35 and last traded at $2.3650. 2,113,628 shares changed hands during mid-day trading, an increase of 2% from the average daily volume of 2,076,861 shares. The stock had previously closed at $2.53.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright reaffirmed a “buy” rating and set a $5.75 target price on shares of Western Copper and Gold in a report on Wednesday, March 25th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $5.75.
Read Our Latest Research Report on WRN
Western Copper and Gold Stock Down 6.5%
Hedge Funds Weigh In On Western Copper and Gold
Institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP purchased a new stake in shares of Western Copper and Gold in the fourth quarter worth about $28,000. Jones Financial Companies Lllp purchased a new position in Western Copper and Gold during the third quarter valued at approximately $30,000. Centiva Capital LP purchased a new position in Western Copper and Gold during the third quarter valued at approximately $31,000. Jane Street Group LLC purchased a new position in Western Copper and Gold during the second quarter valued at approximately $45,000. Finally, International Assets Investment Management LLC lifted its holdings in Western Copper and Gold by 45.6% in the fourth quarter. International Assets Investment Management LLC now owns 18,200 shares of the company’s stock valued at $49,000 after acquiring an additional 5,700 shares during the period. Hedge funds and other 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.
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