Fox Run Management L.L.C. bought a new stake in shares of McEwen Mining Inc (NYSE:MUX - Free Report) TSE: MUX in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 31,857 shares of the basic materials company's stock, valued at approximately $248,000. Fox Run Management L.L.C. owned 0.06% of McEwen Mining as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. U S Global Investors Inc. bought a new stake in shares of McEwen Mining in the fourth quarter valued at approximately $2,557,000. Empowered Funds LLC bought a new stake in McEwen Mining in the 4th quarter valued at $788,000. Paloma Partners Management Co acquired a new stake in McEwen Mining in the 3rd quarter worth $327,000. Point72 Asset Management L.P. bought a new position in shares of McEwen Mining during the 3rd quarter worth about $267,000. Finally, Geode Capital Management LLC raised its position in shares of McEwen Mining by 5.8% during the third quarter. Geode Capital Management LLC now owns 471,119 shares of the basic materials company's stock valued at $4,383,000 after buying an additional 25,844 shares during the last quarter. Institutional investors and hedge funds own 17.03% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the company. HC Wainwright reissued a "buy" rating and set a $18.00 target price on shares of McEwen Mining in a research report on Wednesday, March 19th. Roth Mkm decreased their price objective on McEwen Mining from $13.00 to $12.50 and set a "buy" rating on the stock in a report on Friday, March 21st. Finally, StockNews.com lowered McEwen Mining from a "hold" rating to a "sell" rating in a research note on Wednesday, February 19th.
Read Our Latest Report on McEwen Mining
McEwen Mining Price Performance
NYSE MUX traded down $0.19 on Monday, reaching $7.52. The company's stock had a trading volume of 678,827 shares, compared to its average volume of 733,840. McEwen Mining Inc has a 52 week low of $6.46 and a 52 week high of $12.50. The company has a current ratio of 1.17, a quick ratio of 0.74 and a debt-to-equity ratio of 0.06. The firm has a market cap of $405.32 million, a PE ratio of 3.43 and a beta of 1.39. The business has a 50-day moving average price of $7.70 and a 200 day moving average price of $8.52.
McEwen Mining (NYSE:MUX - Get Free Report) TSE: MUX last released its quarterly earnings data on Friday, March 14th. The basic materials company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.02). The company had revenue of $33.52 million during the quarter, compared to the consensus estimate of $32.20 million. McEwen Mining had a net margin of 51.31% and a return on equity of 20.77%. Sell-side analysts expect that McEwen Mining Inc will post -0.72 EPS for the current year.
About McEwen Mining
(
Free Report)
McEwen Mining Inc engages in the exploration, development, production, and sale of gold and silver. It also explores for copper deposits. The company owns 100% interests in the El Gallo and Fenix projects located in Mexico; and the Black Fox Mine and Stock Mill, Grey Fox, and Froome and Tamarack properties in Canada.
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