Bank of America Corp DE lifted its holdings in shares of McEwen Mining Inc (NYSE:MUX - Free Report) TSE: MUX by 74.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 115,080 shares of the basic materials company's stock after purchasing an additional 49,301 shares during the quarter. Bank of America Corp DE owned approximately 0.22% of McEwen Mining worth $895,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in McEwen Mining by 369.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 556,718 shares of the basic materials company's stock valued at $4,331,000 after purchasing an additional 438,088 shares during the last quarter. Geode Capital Management LLC grew its stake in McEwen Mining by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 484,792 shares of the basic materials company's stock valued at $3,774,000 after buying an additional 13,673 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in McEwen Mining by 1.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 399,519 shares of the basic materials company's stock valued at $3,103,000 after buying an additional 5,800 shares during the last quarter. U S Global Investors Inc. acquired a new position in McEwen Mining in the 4th quarter valued at $2,557,000. Finally, Invesco Ltd. grew its stake in McEwen Mining by 8.6% in the 4th quarter. Invesco Ltd. now owns 254,431 shares of the basic materials company's stock valued at $1,979,000 after buying an additional 20,200 shares during the last quarter. Institutional investors and hedge funds own 17.03% of the company's stock.
McEwen Mining Stock Up 1.0%
MUX stock opened at $9.35 on Friday. McEwen Mining Inc has a twelve month low of $6.38 and a twelve month high of $11.39. The company has a market cap of $504.95 million, a PE ratio of 4.27 and a beta of 0.95. The business's 50-day simple moving average is $7.74 and its 200 day simple moving average is $7.88. The company has a quick ratio of 0.74, a current ratio of 1.17 and a debt-to-equity ratio of 0.06.
McEwen Mining (NYSE:MUX - Get Free Report) TSE: MUX last announced its quarterly earnings data on Wednesday, May 7th. The basic materials company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.02. McEwen Mining had a return on equity of 20.77% and a net margin of 51.31%. The company had revenue of $35.70 million for the quarter, compared to analyst estimates of $39.06 million. On average, research analysts anticipate that McEwen Mining Inc will post -0.72 earnings per share for the current year.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on the company. National Bank Financial raised McEwen Mining to a "strong-buy" rating in a research report on Tuesday, April 29th. Roth Mkm lowered their target price on McEwen Mining from $13.00 to $12.50 and set a "buy" rating on the stock in a report on Friday, March 21st. Wall Street Zen downgraded shares of McEwen Mining from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Finally, HC Wainwright lowered their price objective on shares of McEwen Mining from $18.00 to $15.50 and set a "buy" rating on the stock in a research note on Friday, May 9th.
View Our Latest Stock Report on McEwen Mining
McEwen Mining Profile
(
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider McEwen Mining, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and McEwen Mining wasn't on the list.
While McEwen Mining currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
