H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Western Copper (WRN – Research Report) today and set a price target of $4.00. The company’s shares closed last Monday at $1.40, close to its 52-week low of $1.12.
According to TipRanks.com, Ihle is a 5-star analyst with an average return of 21.1% and a 45.7% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Northern Dynasty Minerals, and First Majestic Silver.
Western Copper has an analyst consensus of Moderate Buy, with a price target consensus of $4.00.
Based on Western Copper’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $909.9K. In comparison, last year the company had a GAAP net loss of $439K.
Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WRN in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Western Copper & Gold Corp. is an exploration stage company, which focuses on the development of Casino Project. The company was founded on March 18, 2006 and is headquartered in Vancouver, Canada.
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