Western Copper and Gold Corporation (NYSEAMERICAN:WRN – Get Free Report) (TSE:WRN)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $2.27 and traded as high as $2.63. Western Copper and Gold shares last traded at $2.62, with a volume of 622,365 shares trading hands.
Analyst Ratings Changes
Several research analysts have recently commented on WRN shares. UBS Group reiterated a “buy” rating and set a $5.25 price target on shares of Western Copper and Gold in a report on Wednesday. HC Wainwright reissued a “buy” rating on shares of Western Copper and Gold in a report on Tuesday, June 30th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $5.50.
Get Our Latest Stock Analysis on Western Copper and Gold
Western Copper and Gold Stock Up 0.8%
Institutional Trading of Western Copper and Gold
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Walleye Capital LLC purchased a new position in shares of Western Copper and Gold during the 1st quarter worth approximately $2,249,000. Euro Pacific Asset Management LLC boosted its position in shares of Western Copper and Gold by 133.9% during the first quarter. Euro Pacific Asset Management LLC now owns 2,421,617 shares of the company’s stock worth $5,999,000 after buying an additional 1,386,111 shares during the period. Auxano Advisors LLC purchased a new position in shares of Western Copper and Gold during the second quarter worth $1,111,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Western Copper and Gold by 1,464.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,654,741 shares of the company’s stock valued at $4,197,000 after buying an additional 1,548,938 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Western Copper and Gold in the first quarter valued at $809,000. 21.96% of the stock is currently owned by hedge funds and other institutional investors.
About Western Copper and Gold
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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