Fri Oct 04 05:23:05 UTC 2024: ## Western Copper & Gold: Analysts Expect Losses, but Remain Bullish
**Vancouver, Canada – October 4, 2024** – Western Copper & Gold Corp (NYSE: WRN), an exploration-stage company focused on gold, copper, silver, and molybdenum deposits in Canada, continues to draw attention from analysts despite anticipated losses in the coming years.
National Bank Financial, in a recent research report, predicts Western Copper & Gold will post a loss of $0.04 per share for the full year 2024. Despite this projection, the firm maintains a “Strong-Buy” rating on the stock. This optimistic outlook is shared by HC Wainwright, who reiterated a “buy” rating with a $4.25 price target on the company’s shares.
However, not all analysts are as bullish. StockNews.com downgraded Western Copper & Gold to a “sell” rating in September.
The consensus estimate for Western Copper & Gold’s current full-year earnings is a loss of $0.02 per share. National Bank Financial also forecasts losses in the subsequent years, projecting $0.02 EPS for FY2025, FY2026, and FY2027.
Despite the anticipated losses, investor interest remains high. Rathbones Group PLC, an institutional investor, recently purchased a new stake in Western Copper & Gold, acquiring 27,450 shares valued at approximately $31,000 during the second quarter. Hedge funds and other institutional investors currently own 21.96% of the company’s stock.
Western Copper & Gold’s key asset is the Casino mineral property, encompassing over 1,100 claims in Yukon, Canada. The company’s future performance will be closely tied to the exploration and development of this property.
The recent influx of investor interest and the continued bullishness of some analysts suggests a belief in the company’s long-term potential. However, the anticipated losses in the near term highlight the inherent risks associated with exploration-stage companies.
First Piper 