Western Copper and Gold (WRN) Projected to Post Quarterly Earnings on Thursday

Western Copper and Gold (NYSEAMERICAN:WRN) (TSE:WRN) is expected to release its results after the market closes on Thursday, August 6th. Analysts expect Western Copper and Gold to announce earnings of ($0.01) per share for the quarter.

Western Copper and Gold Trading Down 1.5%

Shares of WRN stock opened at $2.02 on Thursday. The company’s fifty day moving average price is $2.39 and its 200-day moving average price is $2.79. The stock has a market cap of $456.20 million, a PE ratio of -202.00 and a beta of 1.26. Western Copper and Gold has a 12 month low of $1.18 and a 12 month high of $4.26.

Institutional Trading of Western Copper and Gold

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE increased its position in Western Copper and Gold by 696.3% during the 3rd quarter. Bank of America Corp DE now owns 989,615 shares of the company’s stock valued at $1,950,000 after buying an additional 865,339 shares in the last quarter. Tidal Investments LLC boosted its holdings in Western Copper and Gold by 33.0% in the third quarter. Tidal Investments LLC now owns 3,358,509 shares of the company’s stock worth $6,616,000 after acquiring an additional 833,348 shares in the last quarter. Marshall Wace LLP boosted its holdings in Western Copper and Gold by 196.9% in the fourth quarter. Marshall Wace LLP now owns 857,181 shares of the company’s stock worth $2,289,000 after acquiring an additional 568,468 shares in the last quarter. Mackenzie Financial Corp grew its stake in shares of Western Copper and Gold by 110.8% in the third quarter. Mackenzie Financial Corp now owns 970,084 shares of the company’s stock worth $1,923,000 after acquiring an additional 510,000 shares during the last quarter. Finally, Millennium Management LLC grew its stake in shares of Western Copper and Gold by 171.3% in the fourth quarter. Millennium Management LLC now owns 686,447 shares of the company’s stock worth $1,834,000 after acquiring an additional 433,420 shares during the last quarter. Hedge funds and other institutional investors own 21.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reissued a “buy” rating on shares of Western Copper and Gold in a research report on Tuesday, June 30th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $5.75.

Western Copper and Gold Company Profile

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.