Western Copper & Gold (NYSE:WRN) Shares Gap Up – Should You Buy?

by · The Cerbat Gem

Western Copper & Gold Corp (NYSE:WRN – Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $2.69, but opened at $2.80. Western Copper & Gold shares last traded at $2.72, with a volume of 434,051 shares changing hands.

Analyst Ratings Changes

Separately, HC Wainwright lifted their price target on Western Copper & Gold from $4.00 to $4.25 and gave the stock a “buy” rating in a report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $4.25.

Get Our Latest Report on WRN

Western Copper & Gold Stock Performance

The firm has a 50 day moving average price of $2.34 and a two-hundred day moving average price of $1.81. The company has a market cap of $553.63 million, a P/E ratio of -137.00 and a beta of 1.06.

Institutional Investors Weigh In On Western Copper & Gold

Several institutional investors have recently made changes to their positions in WRN. Tidal Investments LLC grew its position in shares of Western Copper & Gold by 33.0% in the third quarter. Tidal Investments LLC now owns 3,358,509 shares of the company’s stock valued at $6,616,000 after purchasing an additional 833,348 shares in the last quarter. Bank of America Corp DE boosted its stake in Western Copper & Gold by 696.3% in the 3rd quarter. Bank of America Corp DE now owns 989,615 shares of the company’s stock worth $1,950,000 after purchasing an additional 865,339 shares during the period. Mackenzie Financial Corp grew its holdings in Western Copper & Gold by 110.8% during the 3rd quarter. Mackenzie Financial Corp now owns 970,084 shares of the company’s stock valued at $1,923,000 after buying an additional 510,000 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Western Copper & Gold by 98.0% in the first quarter. Goldman Sachs Group Inc. now owns 488,693 shares of the company’s stock worth $555,000 after buying an additional 241,868 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its position in shares of Western Copper & Gold by 2.4% in the third quarter. Gamco Investors INC. ET AL now owns 433,200 shares of the company’s stock valued at $853,000 after acquiring an additional 10,000 shares during the period. Hedge funds and other institutional investors own 21.96% of the company’s stock.

Western Copper & Gold Company Profile

(Get Free Report)

Western Copper & Gold Corporation is a Canadian-based mineral exploration and development company focused on advancing large-scale copper and gold projects. Headquartered in Vancouver, British Columbia, the company is publicly traded on the New York Stock Exchange American under the ticker WRN and on the Toronto Stock Exchange under WRN. Its principal asset is the 100%-owned Casino Project, located in Canada’s Yukon Territory, which is recognized as one of the largest undeveloped copper-gold porphyry deposits in North America.

The company’s core activities encompass geological exploration, drilling, metallurgical testing and comprehensive feasibility studies.

Read More