HC Wainwright & Co. Reiterates Buy on Western Copper & Gold, Maintains $4.25 Price Target
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 17 2024
0mins
Should l Buy WRN?
Source: Benzinga
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Analyst Views on WRN
Wall Street analysts forecast WRN stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 3.020
Low
4.32
Averages
5.03
High
5.75
Current: 3.020
Low
4.32
Averages
5.03
High
5.75
About WRN
Western Copper and Gold Corporation is a Canada-based mining company. The Company is engaged in developing the Casino Project. The Casino Project is a copper-gold mining project in Yukon, Canada. The Casino porphyry copper-gold-molybdenum deposit is located in west central Yukon, in the northwest trending Dawson Range mountains, approximately 300 kilometers (km) northwest of the territorial capital of Whitehorse. The Casino project is located on Crown land administered by the Yukon Government and is within the Selkirk First Nation traditional territory and the Tr’ondek Hwechin traditional territory lies to the north. The Casino Property lies within the Whitehorse Mining District and consists of approximately 1,136 full and partial Quartz Claims and 55 Placer Claims acquired in accordance with the Yukon Quartz Mining Act. The total area covered by Casino Quartz Claims is approximately 21,126.02 hectares (ha). The total area covered by Casino Placer Claims is 490.34 ha.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Western Copper and Gold Corporation Raises C$80 Million Through Share Offering
- Offering Size: Western Copper and Gold Corporation has entered into an agreement with Stifel Canada to issue 19,277,500 common shares at C$4.15 each, raising approximately C$80 million, reflecting strong investor interest in the Casino Project.
- Over-Allotment Option: The company has granted underwriters an option to purchase an additional 2,891,625 shares, which could raise an extra C$12 million, bringing total proceeds to about C$92 million, thereby enhancing financial capacity for project advancement.
- Clear Use of Proceeds: The net proceeds will be allocated to advancing permitting and engineering activities for the Casino Project in Yukon, as well as for general corporate and working capital, ensuring financial stability for future growth.
- Regulatory Compliance: The offering will be conducted via a short form prospectus in all Canadian provinces except Quebec and in the U.S., subject to necessary regulatory approvals, ensuring compliance and minimizing potential legal risks.
See More
Western Copper and Gold Secures Financing Deal
- Financing Deal Details: Western Copper and Gold entered a bought deal with Stifel Canada and a syndicate of underwriters to issue 12.05 million common shares at C$4.15 each, generating approximately C$50 million in gross proceeds, reflecting strong market confidence in its projects.
- Over-Allotment Option: Underwriters have a 30-day option to purchase up to 1.81 million additional shares, potentially raising about C$7.5 million in extra proceeds, which would increase total gross proceeds to approximately C$57.5 million if fully exercised, thereby enhancing the company's financial strength.
- Use of Proceeds: The net proceeds from this offering will be allocated to advance permitting and engineering at the Casino Project in Yukon, as well as for general corporate and working capital purposes, ensuring ongoing progress in project development.
- Market Reaction Expectations: With the successful financing, Western Copper and Gold is expected to bolster its competitiveness in resource development and provide necessary funding support for future project implementation, thereby enhancing investor confidence.
See More
Western Copper and Gold Corporation Completes Share Purchase Agreement
- Significant Financing: Western Copper and Gold Corporation has entered into an agreement with Stifel Canada to sell 12,048,400 common shares at C$4.15 each, resulting in gross proceeds of approximately C$50,000,860, reflecting strong market confidence in its projects.
- Over-Allotment Option: The underwriters have the option to purchase an additional 1,807,260 shares within 30 days post-closing, which could raise an extra C$7,500,129, thereby enhancing the company's financial capacity for future developments.
- Clear Use of Proceeds: The net proceeds from this offering are earmarked for advancing permitting and engineering activities at the Casino Project in Yukon, as well as for general corporate and working capital, ensuring the project's smooth progression.
- Regulatory Compliance: The offering will be conducted via a short form prospectus in Canada and the U.S., subject to multiple regulatory approvals, demonstrating the company's commitment to compliance and potentially boosting investor confidence.
See More
Western Copper and Gold Secures C$50 Million Financing
- Financing Size: Western Copper and Gold Corporation has entered into an agreement with Stifel Canada to sell 12,048,400 common shares at C$4.15 each, raising approximately C$50,000,860, reflecting strong market confidence in its Casino project.
- Over-Allotment Option: The underwriters have an option to purchase an additional 1,807,260 shares within 30 days post-closing, which could raise an extra C$7,500,129, thereby enhancing the company's financial capacity to support project advancement.
- Use of Proceeds: The net proceeds from the offering will be directed towards advancing permitting and engineering activities for the Casino project in Yukon, as well as for general corporate and working capital purposes, ensuring the project's smooth progression.
- Regulatory Compliance: The offering will be conducted via a short form prospectus across Canadian provinces (excluding Quebec) and in the U.S., subject to multiple regulatory approvals, ensuring compliance for a successful financing completion.
See More
Avax One Technology Leads Metals Fabrication Sector with 12% Surge
- Metals Fabrication Sector Performance: The metals fabrication and products stocks collectively rose by about 0.5%, indicating relative strength in the sector and reflecting optimistic market expectations for metal demand.
- Avax One Technology Surge: Avax One Technology's stock increased by approximately 12%, leading the sector and suggesting heightened investor confidence in its future growth potential.
- Nexa Resources Rebound: Nexa Resources saw its stock rise by about 6.4%, indicating market expectations for improved performance, which may attract more investor interest.
- Market Trend Analysis: The overall upward trend in the metals fabrication industry could signal economic recovery, prompting investors to monitor related companies' performance and market dynamics to seize potential investment opportunities.
See More
White Gold Corp. Applauds Federal Investments and Support for Resource Development in Yukon
Government Support for Mineral Development: White Gold Corp. welcomes the Canadian government's announcement of new infrastructure and resource development projects, particularly the referral of the Northwest Critical Conservation Corridor to the Major Projects Office, which aims to enhance mineral exploration in the Yukon.
Strategic Importance of the Yukon: The Yukon is highlighted as a key region for Canada's mineral future, with significant investments planned to improve infrastructure and energy security, thereby facilitating resource development and exploration.
White Gold's Exploration Plans: The company is advancing its exploration initiatives in the Yukon, focusing on its extensive property portfolio, which includes several promising gold and critical mineral deposits, and is well-positioned to benefit from federal support.
Market Engagement: White Gold has engaged Departures Capital Inc. for marketing and investor relations services to enhance visibility and awareness among investors, reflecting its commitment to growth and development in the mineral sector.
See More
Western Copper and Gold Corporation Raises C$80 Million Through Share Offering
- Offering Size: Western Copper and Gold Corporation has entered into an agreement with Stifel Canada to issue 19,277,500 common shares at C$4.15 each, raising approximately C$80 million, reflecting strong investor interest in the Casino Project.
- Over-Allotment Option: The company has granted underwriters an option to purchase an additional 2,891,625 shares, which could raise an extra C$12 million, bringing total proceeds to about C$92 million, thereby enhancing financial capacity for project advancement.
- Clear Use of Proceeds: The net proceeds will be allocated to advancing permitting and engineering activities for the Casino Project in Yukon, as well as for general corporate and working capital, ensuring financial stability for future growth.
- Regulatory Compliance: The offering will be conducted via a short form prospectus in all Canadian provinces except Quebec and in the U.S., subject to necessary regulatory approvals, ensuring compliance and minimizing potential legal risks.
See More
Western Copper and Gold Secures Financing Deal
- Financing Deal Details: Western Copper and Gold entered a bought deal with Stifel Canada and a syndicate of underwriters to issue 12.05 million common shares at C$4.15 each, generating approximately C$50 million in gross proceeds, reflecting strong market confidence in its projects.
- Over-Allotment Option: Underwriters have a 30-day option to purchase up to 1.81 million additional shares, potentially raising about C$7.5 million in extra proceeds, which would increase total gross proceeds to approximately C$57.5 million if fully exercised, thereby enhancing the company's financial strength.
- Use of Proceeds: The net proceeds from this offering will be allocated to advance permitting and engineering at the Casino Project in Yukon, as well as for general corporate and working capital purposes, ensuring ongoing progress in project development.
- Market Reaction Expectations: With the successful financing, Western Copper and Gold is expected to bolster its competitiveness in resource development and provide necessary funding support for future project implementation, thereby enhancing investor confidence.
See More
Western Copper and Gold Corporation Completes Share Purchase Agreement
- Significant Financing: Western Copper and Gold Corporation has entered into an agreement with Stifel Canada to sell 12,048,400 common shares at C$4.15 each, resulting in gross proceeds of approximately C$50,000,860, reflecting strong market confidence in its projects.
- Over-Allotment Option: The underwriters have the option to purchase an additional 1,807,260 shares within 30 days post-closing, which could raise an extra C$7,500,129, thereby enhancing the company's financial capacity for future developments.
- Clear Use of Proceeds: The net proceeds from this offering are earmarked for advancing permitting and engineering activities at the Casino Project in Yukon, as well as for general corporate and working capital, ensuring the project's smooth progression.
- Regulatory Compliance: The offering will be conducted via a short form prospectus in Canada and the U.S., subject to multiple regulatory approvals, demonstrating the company's commitment to compliance and potentially boosting investor confidence.
See More
Western Copper and Gold Secures C$50 Million Financing
- Financing Size: Western Copper and Gold Corporation has entered into an agreement with Stifel Canada to sell 12,048,400 common shares at C$4.15 each, raising approximately C$50,000,860, reflecting strong market confidence in its Casino project.
- Over-Allotment Option: The underwriters have an option to purchase an additional 1,807,260 shares within 30 days post-closing, which could raise an extra C$7,500,129, thereby enhancing the company's financial capacity to support project advancement.
- Use of Proceeds: The net proceeds from the offering will be directed towards advancing permitting and engineering activities for the Casino project in Yukon, as well as for general corporate and working capital purposes, ensuring the project's smooth progression.
- Regulatory Compliance: The offering will be conducted via a short form prospectus across Canadian provinces (excluding Quebec) and in the U.S., subject to multiple regulatory approvals, ensuring compliance for a successful financing completion.
See More
Avax One Technology Leads Metals Fabrication Sector with 12% Surge
- Metals Fabrication Sector Performance: The metals fabrication and products stocks collectively rose by about 0.5%, indicating relative strength in the sector and reflecting optimistic market expectations for metal demand.
- Avax One Technology Surge: Avax One Technology's stock increased by approximately 12%, leading the sector and suggesting heightened investor confidence in its future growth potential.
- Nexa Resources Rebound: Nexa Resources saw its stock rise by about 6.4%, indicating market expectations for improved performance, which may attract more investor interest.
- Market Trend Analysis: The overall upward trend in the metals fabrication industry could signal economic recovery, prompting investors to monitor related companies' performance and market dynamics to seize potential investment opportunities.
See More
White Gold Corp. Applauds Federal Investments and Support for Resource Development in Yukon
Government Support for Mineral Development: White Gold Corp. welcomes the Canadian government's announcement of new infrastructure and resource development projects, particularly the referral of the Northwest Critical Conservation Corridor to the Major Projects Office, which aims to enhance mineral exploration in the Yukon.
Strategic Importance of the Yukon: The Yukon is highlighted as a key region for Canada's mineral future, with significant investments planned to improve infrastructure and energy security, thereby facilitating resource development and exploration.
White Gold's Exploration Plans: The company is advancing its exploration initiatives in the Yukon, focusing on its extensive property portfolio, which includes several promising gold and critical mineral deposits, and is well-positioned to benefit from federal support.
Market Engagement: White Gold has engaged Departures Capital Inc. for marketing and investor relations services to enhance visibility and awareness among investors, reflecting its commitment to growth and development in the mineral sector.
See More
