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 (NYSE:WRN) 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 (NYSE:WRN) has substantial cash reserves and a solid financial position, supporting the optimistic outlook on the stock.

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

While we acknowledge the potential of WRN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.