Western Copper and Gold (NYSEAMERICAN:WRN) Price Target Raised to $4.25

Western Copper and Gold (NYSEAMERICAN:WRN) (TSE:WRN) had its target price boosted by HC Wainwright from $3.75 to $4.25 in a report published on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the stock. HC Wainwright also issued estimates for Western Copper and Gold’s FY2024 earnings at ($0.02) EPS and FY2025 earnings at ($0.02) EPS.

Western Copper and Gold Stock Performance

WRN stock opened at $1.41 on Wednesday. Western Copper and Gold has a 52 week low of $0.95 and a 52 week high of $1.74. The stock has a market capitalization of $276.52 million, a P/E ratio of -47.00 and a beta of 1.94.

Western Copper and Gold (NYSEAMERICAN:WRN) (TSE:WRN) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.01) earnings per share (EPS) for the quarter. On average, analysts predict that Western Copper and Gold will post -0.02 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Rathbones Group PLC purchased a new position in shares of Western Copper and Gold during the third quarter worth about $38,000. Carderock Capital Management Inc. purchased a new stake in Western Copper and Gold in the first quarter worth approximately $44,000. National Bank of Canada FI boosted its stake in Western Copper and Gold by 750.0% in the fourth quarter. National Bank of Canada FI now owns 34,000 shares of the company’s stock worth $45,000 after buying an additional 30,000 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in Western Copper and Gold by 5.8% in the third quarter. Gamco Investors INC. ET AL now owns 642,070 shares of the company’s stock worth $876,000 after buying an additional 35,400 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in Western Copper and Gold by 379.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 52,753 shares of the company’s stock worth $70,000 after buying an additional 41,753 shares in the last quarter. Hedge funds and other institutional investors own 21.96% of the company’s stock.

Western Copper and Gold Company Profile

Western Copper and Gold Corporation, an exploration stage company, engages in the exploration and development of mineral properties in Canada. The company explores for gold, copper, silver, and molybdenum deposits. Its principal property is the Casino mineral property that comprise 1,136 full and partial quartz claims, and 55 placer claims located in Yukon, Canada.