In today’s recent session, 789,740 shares of the Western Copper and Gold Corporation (NYSE:WRN) have been traded, and its beta is 0. Most recently the company’s share price was $1.2, and it changed around -$0.06 or -0.05% from the last close, which brings the market valuation of the company to $163.88 Million. WRN at last check was trading at a discount to its 52-week high of $1.92, offering almost -60% off that amount. The share price’s 52-week low was $0.46, which indicates that the recent value has risen by an impressive 61.67% since then. We note from Western Copper and Gold Corporation’s average daily trading volume that its 10-day average is 508.12 Million shares, with the 3-month average coming to 778.79 Million.
Western Copper and Gold Corporation stock received a consensus recommendation rating of Buy, based on a mean score of 0. If we narrow it down even further, the data shows that none out of 3 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, no body recommended WRN as a Hold, whereas 2 deemed it a Buy, and no one rated it as Underweight.
Western Copper and Gold Corporation (NYSE:WRN): Trading Information Today
Although WRN has been showing red trend so far today with a performance of -5.16% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $1.32 on Tuesday, Apr 06 increased the stock’s daily price by 9.47%. The company’s shares are currently down -0.03% year-to-date, but still down -0.044 over the last five days. On the other hand, Western Copper and Gold Corporation (NYSE:WRN) is -0.12% down in the 30-day period. We can see from the shorts that 401.28 Million shares have been sold at a short interest cover period of 0.52 day (s).
The consensus price target as assigned by Wall Street analysts is $2.15, which translates to bears needing to increase their stock price by 79.17% from its current value. Analyst projections state that WRN is forecast to be at a low of $1.95 and a high of $2.5. In order for the stock price to hit the forecast high, the stock would need to surge +108.33% from its current level, while the stock would need to crash 62.5% from its current level to reach the projected low.
Western Copper and Gold Corporation (WRN) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of 0%. Western Copper and Gold Corporation earnings are expected to decrease by 0% in 2021, but the outlook is negative 0% per year for the next five years.
Western Copper and Gold Corporation (NYSE:WRN)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 8.62% of Western Copper and Gold Corporation shares, and 14.44% of them are in the hands of institutional investors. The stock currently has a share float of 15.8%. Western Copper and Gold Corporation stock is held by 36 institutions, with FMR, LLC being the largest institutional investor. By Dec 30, 2020, it held 5.52% of the shares, which is about 7.5 Million shares worth $9.23 Million.
Claret Asset Management Corp, with 2.72% or 3.7 Million shares worth $4.55 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
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Fidelity Select Portfolios – Gold and Advisors Inner Circle Fund II-Kopernik Global All Cap Fund were the top two Mutual Funds as of Feb 27, 2021. The former held 7309100 shares worth $11.33 Million, making up 5.38% of all outstanding shares. On the other hand, Advisors Inner Circle Fund II-Kopernik Global All Cap Fund held roughly 1.34 Million shares worth around $1.55 Million, which represents about 0.98% of the total shares outstanding.