Quantbot Technologies LP Takes Position in Western Copper and Gold Corporation $WRN

Quantbot Technologies LP purchased a new position in shares of Western Copper and Gold Corporation (NYSEAMERICAN:WRN) (TSE:WRN) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 259,580 shares of the company’s stock, valued at approximately $581,000.

Several other institutional investors also recently modified their holdings of the business. Walleye Capital LLC bought a new position in Western Copper and Gold during the 1st quarter worth $2,249,000. Euro Pacific Asset Management LLC grew its position in shares of Western Copper and Gold by 133.9% in the 1st quarter. Euro Pacific Asset Management LLC now owns 2,421,617 shares of the company’s stock valued at $5,999,000 after buying an additional 1,386,111 shares during the last quarter. Auxano Advisors LLC bought a new stake in shares of Western Copper and Gold in the 2nd quarter valued at about $1,111,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Western Copper and Gold by 1,464.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,654,741 shares of the company’s stock valued at $4,197,000 after buying an additional 1,548,938 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in shares of Western Copper and Gold in the first quarter valued at about $809,000. Institutional investors own 21.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on WRN shares. HC Wainwright restated a “buy” rating on shares of Western Copper and Gold in a research report on Tuesday, June 30th. UBS Group reissued a “buy” rating and set a $5.25 target price on shares of Western Copper and Gold in a research report on Wednesday. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, Western Copper and Gold presently has an average rating of “Buy” and an average target price of $5.50.

Western Copper and Gold Trading Up 0.8%

Shares of WRN opened at $2.59 on Friday. The stock has a market capitalization of $584.93 million, a P/E ratio of -129.50 and a beta of 1.27. The firm’s fifty day simple moving average is $2.27 and its two-hundred day simple moving average is $2.63. Western Copper and Gold Corporation has a 12 month low of $1.38 and a 12 month high of $4.26.

Western Copper and Gold Profile

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.