H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Western Copper Corp (WRN) today and set a price target of $1.75. The company’s shares closed yesterday at $0.72.
Ihle said:
“We further note that the company has already started integrating the BATT outcomes into the tailings facility design for Casino, which is likely even more important given the recent Vale (VALE; not rated) tailings dam failure in Brazil that remains in the headlines across the world. We highlight that this extra engineering work has thus far caused the company to defer submission of its ESE Board (YESAB). While increasing overall timelines for the site amid our first production estimate by a year, we believe this delay likely has no impact on the longer-term viability of the project.”
According to TipRanks.com, Ihle is ranked 0 out of 5 stars with an average return of -7.3% and a 34.6% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Golden Star Resources Ltd, and Northern Dynasty Minerals.
The word on The Street in general, suggests a Hold analyst consensus rating for Western Copper Corp.
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Based on Western Copper Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $510.9K. In comparison, last year the company had a GAAP net loss of $468.9K.
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Western Copper & Gold Corp. is an exploration stage company. It focuses on its Casino mineral property towards production. The company was founded on March 18, 2006 and is headquartered in Vancouver, Canada.
