McEwen Mining (NYSE:MUX - Get Free Report) TSE: MUX was upgraded by research analysts at StockNews.com from a "sell" rating to a "hold" rating in a report released on Monday.
Several other research firms have also commented on MUX. Roth Mkm reduced their price target on McEwen Mining from $12.75 to $12.25 and set a "buy" rating on the stock in a report on Thursday, November 7th. HC Wainwright reduced their price objective on shares of McEwen Mining from $19.00 to $18.00 and set a "buy" rating on the stock in a report on Thursday, January 30th.
Check Out Our Latest Stock Report on McEwen Mining
McEwen Mining Trading Down 3.0 %
Shares of NYSE MUX traded down $0.23 during trading on Monday, hitting $7.40. 677,465 shares of the company were exchanged, compared to its average volume of 1,003,828. McEwen Mining has a 12-month low of $5.92 and a 12-month high of $12.50. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.74 and a current ratio of 1.17. The company has a fifty day moving average price of $8.19 and a 200-day moving average price of $8.84. The firm has a market capitalization of $391.38 million, a PE ratio of 3.38 and a beta of 1.42.
Hedge Funds Weigh In On McEwen Mining
Institutional investors have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. grew its position in McEwen Mining by 66.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 393,719 shares of the basic materials company's stock valued at $3,659,000 after acquiring an additional 157,300 shares in the last quarter. Geode Capital Management LLC grew its position in McEwen Mining by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 471,119 shares of the basic materials company's stock valued at $4,383,000 after acquiring an additional 25,844 shares in the last quarter. Private Advisor Group LLC acquired a new position in McEwen Mining in the 3rd quarter valued at about $99,000. GSA Capital Partners LLP acquired a new position in McEwen Mining in the 3rd quarter valued at about $457,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in McEwen Mining in the 3rd quarter valued at about $176,000. 17.03% of the stock is owned by institutional investors and hedge funds.
About McEwen Mining
(
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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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