Western Copper and Gold (NYSEAMERICAN:WRN) Share Price Passes Above 50 Day Moving Average of $0.00

Western Copper and Gold Co. (NYSEAMERICAN:WRN) (TSE:WRN)’s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $0.00 and traded as high as $1.62. Western Copper and Gold shares last traded at $1.58, with a volume of 281,948 shares traded.

A number of equities analysts recently commented on WRN shares. HC Wainwright reissued a “buy” rating and set a $4.00 price target on shares of Western Copper and Gold in a research note on Tuesday, November 30th. Zacks Investment Research upgraded Western Copper and Gold from a “strong sell” rating to a “hold” rating in a report on Thursday, September 30th.

Western Copper and Gold (NYSEAMERICAN:WRN) (TSE:WRN) last issued its quarterly earnings data on Thursday, November 4th. The company reported ($0.01) earnings per share (EPS) for the quarter. As a group, equities research analysts predict that Western Copper and Gold Co. will post -0.01 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of WRN. FMR LLC grew its position in shares of Western Copper and Gold by 16.1% in the second quarter. FMR LLC now owns 8,260,800 shares of the company’s stock valued at $16,394,000 after purchasing an additional 1,146,200 shares in the last quarter. Millennium Management LLC lifted its stake in Western Copper and Gold by 247.8% during the third quarter. Millennium Management LLC now owns 131,256 shares of the company’s stock worth $196,000 after purchasing an additional 93,520 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of Western Copper and Gold during the third quarter worth $115,000. Synergy Financial Management LLC increased its position in shares of Western Copper and Gold by 93.3% during the second quarter. Synergy Financial Management LLC now owns 90,927 shares of the company’s stock worth $181,000 after acquiring an additional 43,895 shares during the period. Finally, Gamco Investors INC. ET AL purchased a new stake in shares of Western Copper and Gold during the second quarter worth $84,000. Institutional investors and hedge funds own 11.54% of the company’s stock.

About Western Copper and Gold (NYSEAMERICAN:WRN)

Western Copper & Gold Corp. operates as an exploration stage company. It focuses on the development of Casino Project. The company was founded on March 17, 2006 and is headquartered in Vancouver, Canada.

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