Analyst Heiko Ihle from H.C. Wainwright has adjusted the price target for Western Copper (WRN, Financial), reducing it from $4.25 to $4. Despite this reduction, the analyst maintains a Buy rating on the stock. The decision to lower the target price is attributed to the impact of an increased share count leading to dilution. The firm remains optimistic about the company's prospects, reflecting confidence in continued positive performance.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Western Copper & Gold Corp (WRN, Financial) is $4.26 with a high estimate of $4.26 and a low estimate of $4.26. The average target implies an upside of 217.88% from the current price of $1.34. More detailed estimate data can be found on the Western Copper & Gold Corp (WRN) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Western Copper & Gold Corp's (WRN, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
