Western Copper and Gold Corporation (NYSEAMERICAN:WRN – Get Free Report) (TSE:WRN) shares passed below its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $2.36 and traded as low as $2.20. Western Copper and Gold shares last traded at $2.24, with a volume of 951,617 shares changing hands.
Analyst Ratings Changes
Several brokerages have recently weighed in on WRN. UBS Group restated a “buy” rating and issued a $5.25 target price on shares of Western Copper and Gold in a research note on Wednesday, August 26th. HC Wainwright reaffirmed a “buy” rating and set a $5.75 price target on shares of Western Copper and Gold in a research note on Friday, September 4th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $5.50.
View Our Latest Stock Analysis on Western Copper and Gold
Western Copper and Gold Trading Down 0.5%
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in WRN. Deutsche Bank AG acquired a new position in shares of Western Copper and Gold in the 2nd quarter worth approximately $27,000. International Assets Investment Management LLC increased its stake in shares of Western Copper and Gold by 191.2% in the first quarter. International Assets Investment Management LLC now owns 53,000 shares of the company’s stock valued at $139,000 after purchasing an additional 34,800 shares during the period. BlackRock Inc. acquired a new stake in shares of Western Copper and Gold in the second quarter valued at approximately $173,000. Engineers Gate Manager LP bought a new stake in shares of Western Copper and Gold during the second quarter valued at approximately $223,000. Finally, Cibc World Market Inc. bought a new stake in shares of Western Copper and Gold during the second quarter valued at approximately $423,000. 21.96% of the stock is currently owned by institutional investors.
Western Copper and Gold Company Profile
Western Copper and Gold Corporation is a Canadian mineral exploration and development company focused on advancing the Casino project in Yukon, Canada. The company is not a diversified mining producer; its primary business is the exploration, evaluation and potential development of mineral resources.
The Casino project is a large polymetallic porphyry deposit containing copper, gold, molybdenum and silver. Western Copper and Gold’s activities include geological studies, engineering and permitting work intended to assess and advance the project toward future mine development.
The company’s operations are concentrated in Yukon, where the Casino property is located in the traditional territory of the Tr’ondëk Hwëch’in and Selkirk First Nations.
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