Western Copper and Gold Corporation (NYSEAMERICAN:WRN – Get Free Report) (TSE:WRN) shares passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $2.71 and traded as low as $2.10. Western Copper and Gold shares last traded at $2.17, with a volume of 4,129,762 shares traded.
Analysts Set New Price Targets
Separately, HC Wainwright reiterated a “buy” rating and issued a $5.75 price target on shares of Western Copper and Gold in a research note on Wednesday, March 25th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $5.75.
Check Out Our Latest Research Report on Western Copper and Gold
Western Copper and Gold Stock Up 3.8%
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in WRN. Bank of America Corp DE increased its holdings in shares of Western Copper and Gold by 29.7% during the 1st quarter. Bank of America Corp DE now owns 2,142,600 shares of the company’s stock worth $5,421,000 after acquiring an additional 490,061 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Western Copper and Gold during the 1st quarter valued at $809,000. Gamco Investors INC. ET AL lifted its holdings in Western Copper and Gold by 1.2% during the 1st quarter. Gamco Investors INC. ET AL now owns 534,800 shares of the company’s stock valued at $1,353,000 after purchasing an additional 6,600 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Western Copper and Gold by 1,464.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,654,741 shares of the company’s stock valued at $4,197,000 after purchasing an additional 1,548,938 shares during the last quarter. Finally, Walleye Capital LLC bought a new position in Western Copper and Gold during the first quarter worth $2,249,000. 21.96% of the stock is currently owned by 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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