D. E. Shaw & Co. Inc. Sells 238,704 Shares of McEwen Mining Inc (NYSE:MUX)

D. E. Shaw & Co. Inc. lessened its holdings in shares of McEwen Mining Inc (NYSE:MUX - Free Report) TSE: MUX by 37.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 405,661 shares of the basic materials company's stock after selling 238,704 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.77% of McEwen Mining worth $3,156,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in McEwen Mining by 369.3% in 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 acquiring an additional 438,088 shares during the last quarter. U S Global Investors Inc. bought a new position in shares of McEwen Mining during the 4th quarter valued at about $2,557,000. Bridgeway Capital Management LLC purchased a new position in shares of McEwen Mining during the 4th quarter valued at about $2,111,000. Renaissance Technologies LLC raised its holdings in shares of McEwen Mining by 170.5% during the 4th quarter. Renaissance Technologies LLC now owns 162,186 shares of the basic materials company's stock valued at $1,262,000 after buying an additional 102,231 shares in the last quarter. Finally, Empowered Funds LLC bought a new stake in McEwen Mining in the 4th quarter worth approximately $788,000. 17.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MUX has been the topic of a number of recent research reports. HC Wainwright reduced their price target on shares of McEwen Mining from $18.00 to $15.50 and set a "buy" rating on the stock in a research report on Friday, May 9th. Wall Street Zen cut shares of McEwen Mining from a "hold" rating to a "sell" rating in a research note on Thursday. National Bank Financial upgraded shares of McEwen Mining to a "strong-buy" rating in a research report on Tuesday, April 29th. Finally, Roth Mkm lowered their price target on shares of McEwen Mining from $13.00 to $12.50 and set a "buy" rating for the company in a research note on Friday, March 21st.

McEwen Mining Trading Up 0.4%

MUX traded up $0.03 on Thursday, hitting $7.66. 567,291 shares of the company were exchanged, compared to its average volume of 686,871. 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 firm has a fifty day simple moving average of $7.60 and a two-hundred day simple moving average of $7.91. The stock has a market capitalization of $413.55 million, a PE ratio of 3.50 and a beta of 0.93. McEwen Mining Inc has a 12 month low of $6.38 and a 12 month high of $12.45.

McEwen Mining (NYSE:MUX - Get Free Report) TSE: MUX last released its quarterly earnings data on Wednesday, May 7th. The basic materials company reported ($0.12) earnings per share for the quarter, beating analysts' consensus estimates of ($0.14) by $0.02. McEwen Mining had a return on equity of 20.77% and a net margin of 51.31%. The firm had revenue of $35.70 million during the quarter, compared to analyst estimates of $39.06 million. Sell-side analysts expect that McEwen Mining Inc will post -0.72 earnings per share for the current year.

About McEwen Mining

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.