H.C. Wainwright Sticks to Its Buy Rating for Western Copper (WRN)

H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Western Copper (WRNResearch Report) today and set a price target of $2.75. The company’s shares closed yesterday at $1.32.

Ihle covers the Basic Materials sector, focusing on stocks such as Uranium Energy, Golden Minerals Co, and Tanzanian Royalty Exploration. According to TipRanks, Ihle has an average return of -21.0% and a 22.20% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Western Copper with a $2.75 average price target.

See today’s best-performing stocks on TipRanks >>

WRN market cap is currently $197.1M and has a P/E ratio of -58.41.

Based on the recent corporate insider activity of 15 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.

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More