Canaccord Genuity Group Initiates Coverage on Western Copper & Gold (NYSE:WRN)

Posted by ABMN Staff on Dec 11th, 2024

Canaccord Genuity Group initiated coverage on shares of Western Copper & Gold (NYSE:WRN – Get Free Report) in a research note issued to investors on Monday, MarketBeat reports. The firm set a “speculative buy” rating on the stock.

WRN has been the topic of several other research reports. National Bank Financial upgraded Western Copper & Gold to a “strong-buy” rating in a research report on Monday, September 30th. HC Wainwright reissued a “buy” rating and issued a $4.25 target price on shares of Western Copper & Gold in a report on Tuesday, September 17th. Finally, StockNews.com raised Western Copper & Gold to a “sell” rating in a report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $4.25.

View Our Latest Stock Analysis on WRN

Western Copper & Gold Price Performance

Shares of Western Copper & Gold stock opened at $1.13 on Monday. Western Copper & Gold has a 52 week low of $0.95 and a 52 week high of $1.66. The company has a 50 day moving average of $1.16. The stock has a market capitalization of $224.00 million, a price-to-earnings ratio of -56.50 and a beta of 1.84.

Hedge Funds Weigh In On Western Copper & Gold

A hedge fund recently bought a new stake in Western Copper & Gold stock. Euro Pacific Asset Management LLC acquired a new position in Western Copper & Gold Corp (NYSE:WRN – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 695,500 shares of the company’s stock, valued at approximately $828,000. Euro Pacific Asset Management LLC owned approximately 0.35% of Western Copper & Gold as of its most recent SEC filing. 21.96% of the stock is owned by institutional investors.

Western Copper & Gold Company Profile

(Get Free Report)

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.