Jacob Asset Management of New York LLC trimmed its holdings in shares of Western Copper and Gold Co. (NYSEAMERICAN:WRN – Free Report) (TSE:WRN) by 9.1% in the second quarter, Holdings Channel reports. The firm owned 299,950 shares of the company’s stock after selling 30,000 shares during the period. Jacob Asset Management of New York LLC’s holdings in Western Copper and Gold were worth $459,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of WRN. Gamco Investors INC. ET AL lifted its stake in Western Copper and Gold by 2.4% during the second quarter. Gamco Investors INC. ET AL now owns 606,670 shares of the company’s stock worth $928,000 after purchasing an additional 14,000 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Western Copper and Gold by 936.8% in the 4th quarter. Bank of America Corp DE now owns 25,900 shares of the company’s stock valued at $46,000 after buying an additional 23,402 shares during the period. Cibc World Market Inc. acquired a new position in Western Copper and Gold during the 1st quarter worth about $64,000. Goldman Sachs Group Inc. boosted its holdings in Western Copper and Gold by 43.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 91,700 shares of the company’s stock valued at $215,000 after acquiring an additional 27,600 shares during the period. Finally, Jane Street Group LLC acquired a new position in Western Copper and Gold in the 2nd quarter valued at about $54,000. 18.09% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several analysts have recently issued reports on WRN shares. StockNews.com started coverage on shares of Western Copper and Gold in a research report on Thursday, October 5th. They set a “sell” rating on the stock. HC Wainwright increased their target price on shares of Western Copper and Gold from $3.50 to $3.75 and gave the stock a “buy” rating in a report on Monday, August 28th.
Western Copper and Gold Price Performance
WRN traded up $0.05 on Friday, hitting $1.26. 102,564 shares of the company were exchanged, compared to its average volume of 51,004. Western Copper and Gold Co. has a twelve month low of $1.17 and a twelve month high of $1.98. The stock has a market capitalization of $204.76 million, a price-to-earnings ratio of -31.50 and a beta of 2.12.
Western Copper and Gold (NYSEAMERICAN:WRN – Get Free Report) (TSE:WRN) last announced its quarterly earnings data on Thursday, November 2nd. The company reported ($0.01) earnings per share (EPS) for the quarter. On average, research analysts anticipate that Western Copper and Gold Co. will post -0.04 earnings per share for the current year.
Western Copper and Gold Profile
Western Copper and Gold Corporation, an exploration stage company, engages in the exploration and development of mineral properties in Canada. The company explores for gold, copper, silver, and molybdenum deposits. Its principal property is the Casino mineral property that comprise 1,136 full and partial quartz claims, and 55 placer claims located in Yukon, Canada.
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