What Do Analysts Think About Western Copper and Gold Corporation (WRN)?

Western Copper and Gold Corporation (NYSE:WRN) is one of the best stocks under $5 with highest upside potential. Stifel analyst Ralph Profiti lifted the price target on Western Copper and Gold Corporation (NYSE:WRN) to C$6 from C$5.50 on October 21, maintaining a Buy rating on the stock.

Similarly, H.C. Wainwright analyst Heiko Ihle also maintained a bullish outlook on Western Copper and Gold Corporation on October 7, maintaining a Buy rating on the shares and raising the price target to $4.25 from $4.00.

Ihle cited the company’s Casino Project, stating that the submission of the Environmental and Socio-economic Effects (ESE) Statement to the Yukon Environmental and Socio-economic Assessment Board (YESAB) was a notable milestone in the permitting process.

He elaborated that the submission entails elaborate environmental management measures, which the analyst anticipates to act as a catalyst for the company’s progress. Ihle added that Western Copper and Gold Corporation has substantial cash reserves and a solid financial position, supporting the optimistic outlook on the stock.

Western Copper and Gold Corporation is an exploration-stage company involved in the exploration, acquisition, and future development of mineral resource properties.

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This article is originally published at Insider Monkey.