Western Copper & Gold (NYSE:WRN) Price Target Raised to $4.25

Western Copper & Gold (NYSE:WRN) had its target price boosted by HC Wainwright from $4.00 to $4.25 in a research report released on Friday morning, Marketbeat Ratings reports. HC Wainwright currently has a buy rating on the stock. HC Wainwright also issued estimates for Western Copper & Gold’s FY2026 earnings at ($0.02) EPS.

Separately, Stifel Canada upgraded Western Copper & Gold to a “strong-buy” rating in a research note on Tuesday, June 10th. Two analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. Based on data from MarketBeat.com, Western Copper & Gold has a consensus rating of “Buy” and an average target price of $4.25.

Western Copper & Gold Price Performance

Shares of WRN stock opened at $1.98 on Friday. The firm has a market capitalization of $399.27 million, a price-to-earnings ratio of -99.00 and a beta of 1.07. The business has a fifty day moving average of $1.44 and a 200 day moving average of $1.27. Western Copper & Gold has a 1 year low of $0.90 and a 1 year high of $2.00.

Hedge Funds Weigh In On Western Copper & Gold

A number of institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. raised its stake in shares of Western Copper & Gold by 23.1% during the 2nd quarter. Raymond James Financial Inc. now owns 53,253 shares of the company’s stock valued at $67,000 after buying an additional 10,000 shares during the last quarter. Wealth Management Associates Inc. raised its stake in shares of Western Copper & Gold by 42.8% during the 2nd quarter. Wealth Management Associates Inc. now owns 63,400 shares of the company’s stock valued at $79,000 after buying an additional 19,000 shares during the last quarter. SBI Securities Co. Ltd. raised its stake in shares of Western Copper & Gold by 25.8% during the 2nd quarter. SBI Securities Co. Ltd. now owns 93,757 shares of the company’s stock valued at $117,000 after buying an additional 19,221 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Western Copper & Gold during the 2nd quarter valued at about $45,000. Finally, XTX Topco Ltd raised its stake in shares of Western Copper & Gold by 317.9% during the 2nd quarter. XTX Topco Ltd now owns 50,877 shares of the company’s stock valued at $64,000 after buying an additional 38,704 shares during the last quarter. Hedge funds and other institutional investors own 21.96% of the company’s stock.

About Western Copper & Gold

Western Copper & Gold Corp. operates as an exploration stage company, which engages in the acquisition, exploration, and future development of mineral resource properties. It currently focuses on the development of the Casino Project. The company was founded on March 17, 2006 and is headquartered in Vancouver, Canada.