Millstone Evans Group LLC Invests $303,000 in Western Copper & Gold Corp (NYSE:WRN)

Millstone Evans Group LLC acquired a new position in shares of Western Copper & Gold Corp (NYSE:WRN) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 288,926 shares of the company’s stock, valued at approximately $303,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Euro Pacific Asset Management LLC boosted its position in shares of Western Copper & Gold by 57.4% during the fourth quarter. Euro Pacific Asset Management LLC now owns 1,094,474 shares of the company’s stock worth $1,149,000 after buying an additional 398,974 shares during the period. Advisory Alpha LLC acquired a new stake in Western Copper & Gold in the fourth quarter worth approximately $48,000. Finally, Raymond James Financial Inc. acquired a new stake in Western Copper & Gold in the fourth quarter worth approximately $45,000. 21.96% of the stock is currently owned by institutional investors and hedge funds.

Western Copper & Gold Stock Performance

NYSE WRN opened at $1.13 on Friday. The stock has a market capitalization of $224.23 million, a P/E ratio of -56.50 and a beta of 1.77. Western Copper & Gold Corp has a 1 year low of $0.98 and a 1 year high of $1.66. The business’s fifty day moving average is $1.05 and its two-hundred day moving average is $1.11.

Analyst Ratings Changes

WRN has been the subject of a number of research analyst reports. StockNews.com upgraded Western Copper & Gold to a “sell” rating in a research report on Tuesday, February 4th. Cormark upgraded Western Copper & Gold to a “moderate buy” rating in a research report on Tuesday, February 18th. Canaccord Genuity Group initiated coverage on Western Copper & Gold in a research report on Monday, December 9th. They issued a “speculative buy” rating for the company. Canaccord Genuity Group started coverage on Western Copper & Gold in a research report on Monday, December 9th. They issued a “speculative buy” rating for the company. Finally, BMO Capital Markets started coverage on Western Copper & Gold in a report on Thursday, January 23rd. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $4.25.

Western Copper & Gold Profile

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.