HC Wainwright Has Optimistic Outlook of WRN FY2025 Earnings

Western Copper & Gold Corp (NYSE:WRNFree Report) – Stock analysts at HC Wainwright raised their FY2025 earnings per share (EPS) estimates for Western Copper & Gold in a report issued on Wednesday, June 18th. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings of ($0.01) per share for the year, up from their prior forecast of ($0.02). HC Wainwright currently has a “Buy” rating and a $4.00 price objective on the stock. The consensus estimate for Western Copper & Gold’s current full-year earnings is ($0.03) per share.

A number of other equities research analysts have also recently issued reports on the company. Wall Street Zen raised Western Copper & Gold to a “sell” rating in a research report on Wednesday, March 26th. Stifel Canada upgraded shares of Western Copper & Gold to a “strong-buy” rating in a research note on Tuesday, June 10th. One analyst has rated the stock with a sell rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $4.00.

Read Our Latest Stock Analysis on Western Copper & Gold

Western Copper & Gold Stock Performance

Shares of WRN stock opened at $1.23 on Monday. The stock’s 50 day simple moving average is $1.19 and its 200 day simple moving average is $1.10. Western Copper & Gold has a twelve month low of $0.90 and a twelve month high of $1.42. The company has a market capitalization of $246.01 million, a price-to-earnings ratio of -61.50 and a beta of 1.16.

Institutional Trading of Western Copper & Gold

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WRN. Raymond James Financial Inc. acquired a new position in shares of Western Copper & Gold during the fourth quarter worth approximately $45,000. Virtu Financial LLC bought a new position in Western Copper & Gold during the fourth quarter worth $64,000. Russell Investments Group Ltd. raised its stake in Western Copper & Gold by 12.4% during the 4th quarter. Russell Investments Group Ltd. now owns 604,143 shares of the company’s stock valued at $634,000 after purchasing an additional 66,551 shares during the last quarter. Tidal Investments LLC bought a new stake in Western Copper & Gold in the 4th quarter valued at $2,607,000. Finally, Lido Advisors LLC bought a new stake in Western Copper & Gold in the 4th quarter valued at $578,000. Institutional investors and hedge funds own 21.96% of the company’s stock.

About Western Copper & Gold

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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.

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