I'm LongbridgeAI, I can summarize articles.Western Copper and Gold (WRN) shares crossed above their 50-day moving average of $2.28, trading at $2.45 with high volume. HC Wainwright reaffirmed a 'buy' rating, maintaining a consensus price target of $5.75. Institutional investors, including Goldman Sachs, JPMorgan, and XTX Topco, increased their stakes in the second quarter, bringing institutional ownership to 21.96%. The company focuses on the Casino Project in Canada.
Western Copper and Gold Corporation (NYSEAMERICAN:WRN - Get Free Report) TSE: WRN's stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $2.28 and traded as high as $2.48. Western Copper and Gold shares last traded at $2.45, with a volume of 1,031,663 shares traded.
Analyst Ratings Changes
- The Copper Barbell: How to Profit From the Shortage—and Avoid the Dilution Trap
Separately, HC Wainwright reaffirmed a "buy" rating on shares of Western Copper and Gold in a research note on Tuesday, June 30th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $5.75.
Check Out Our Latest Analysis on Western Copper and Gold
Western Copper and Gold Price Performance
The business has a fifty day simple moving average of $2.28 and a two-hundred day simple moving average of $2.72. The company has a market cap of $553.31 million, a PE ratio of -122.50 and a beta of 1.27.
Institutional Investors Weigh In On Western Copper and Gold
A number of institutional investors have recently added to or reduced their stakes in WRN. Goldman Sachs Group Inc. grew its stake in Western Copper and Gold by 98.0% in the first quarter. Goldman Sachs Group Inc. now owns 488,693 shares of the company's stock valued at $555,000 after purchasing an additional 241,868 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of Western Copper and Gold during the second quarter valued at about $87,000. XTX Topco Ltd boosted its holdings in shares of Western Copper and Gold by 317.9% in the 2nd quarter. XTX Topco Ltd now owns 50,877 shares of the company's stock valued at $64,000 after buying an additional 38,704 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Western Copper and Gold by 23.1% in the 2nd quarter. Raymond James Financial Inc. now owns 53,253 shares of the company's stock valued at $67,000 after buying an additional 10,000 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Western Copper and Gold in the 2nd quarter valued at about $45,000. Institutional investors own 21.96% of the company's stock.
Western Copper and Gold Company Profile
(Get Free Report)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.
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