Auxano Advisors LLC purchased a new stake in shares of Western Copper and Gold Corporation (NYSEAMERICAN:WRN - Free Report) TSE: WRN in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 496,000 shares of the company's stock, valued at approximately $1,111,000. Auxano Advisors LLC owned about 0.22% of Western Copper and Gold as of its most recent filing with the SEC.

• The Copper Barbell: How to Profit From the Shortage—and Avoid the Dilution Trap

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its stake in shares of 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 worth $555,000 after purchasing an additional 241,868 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Western Copper and Gold during the second quarter valued at approximately $87,000. XTX Topco Ltd boosted its position in shares of Western Copper and Gold by 317.9% during the second 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 during the last quarter. Raymond James Financial Inc. grew its holdings in Western Copper and Gold by 23.1% during the second quarter. Raymond James Financial Inc. now owns 53,253 shares of the company's stock worth $67,000 after buying an additional 10,000 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in Western Copper and Gold during the second quarter worth $45,000. 21.96% of the stock is owned by institutional investors.

Western Copper and Gold Trading Up 1.3%

Shares of Western Copper and Gold stock opened at $2.43 on Tuesday. The business's fifty day simple moving average is $2.26 and its 200 day simple moving average is $2.68. The firm has a market capitalization of $548.79 million, a P/E ratio of -121.50 and a beta of 1.27. Western Copper and Gold Corporation has a 12 month low of $1.23 and a 12 month high of $4.26.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright restated 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.com, the company currently has an average rating of "Buy" and an average price target of $5.75.

Read Our Latest Stock Analysis on Western Copper and Gold

Western Copper and Gold Company Profile

(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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