McEwen Mining Inc (NYSE:MUX - Get Free Report) TSE: MUX shot up 5.4% on Monday . The stock traded as high as $9.96 and last traded at $9.83. 511,012 shares changed hands during trading, a decline of 24% from the average session volume of 671,702 shares. The stock had previously closed at $9.33.
Wall Street Analyst Weigh In
Separately, StockNews.com cut McEwen Mining from a "hold" rating to a "sell" rating in a report on Thursday, July 11th.
Check Out Our Latest Research Report on MUX
McEwen Mining Stock Performance
The firm has a market cap of $496.99 million, a PE ratio of 5.95 and a beta of 1.44. The firm has a 50-day moving average price of $9.08 and a two-hundred day moving average price of $10.04. The company has a quick ratio of 1.21, a current ratio of 1.68 and a debt-to-equity ratio of 0.07.
McEwen Mining (NYSE:MUX - Get Free Report) TSE: MUX last released its quarterly earnings data on Wednesday, August 7th. The basic materials company reported ($0.26) EPS for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.04). McEwen Mining had a net margin of 46.32% and a return on equity of 18.08%. The business had revenue of $47.48 million during the quarter, compared to analyst estimates of $43.90 million. During the same quarter in the prior year, the company posted ($0.46) earnings per share. Research analysts forecast that McEwen Mining Inc will post -0.81 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Fifth Third Bancorp purchased a new stake in shares of McEwen Mining during the 2nd quarter worth $32,000. Banque Cantonale Vaudoise purchased a new stake in shares of McEwen Mining during the 2nd quarter worth about $78,000. Rathbones Group PLC purchased a new stake in shares of McEwen Mining during the 2nd quarter worth about $101,000. Paloma Partners Management Co purchased a new stake in shares of McEwen Mining during the 1st quarter worth about $117,000. Finally, Marshall Wace LLP purchased a new stake in shares of McEwen Mining during the 2nd quarter worth about $214,000. 17.03% of the stock is owned by hedge funds and other institutional investors.
McEwen Mining Company Profile
(
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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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