Tidal Investments LLC lifted its stake in shares of McEwen Mining Inc (NYSE:MUX - Free Report) TSE: MUX by 556.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,003,830 shares of the basic materials company's stock after buying an additional 850,971 shares during the quarter. Tidal Investments LLC owned about 1.90% of McEwen Mining worth $7,810,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently modified their holdings of the stock. Private Advisor Group LLC grew its position in shares of McEwen Mining by 18.8% during the 4th quarter. Private Advisor Group LLC now owns 12,645 shares of the basic materials company's stock worth $98,000 after buying an additional 2,000 shares during the period. New Age Alpha Advisors LLC acquired a new stake in McEwen Mining in the 4th quarter valued at $38,000. Aquatic Capital Management LLC grew its position in McEwen Mining by 357.9% in the 4th quarter. Aquatic Capital Management LLC now owns 7,327 shares of the basic materials company's stock valued at $57,000 after purchasing an additional 5,727 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position 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 purchasing an additional 5,800 shares during the period. Finally, American Century Companies Inc. grew its position in McEwen Mining by 8.8% in the 4th quarter. American Century Companies Inc. now owns 92,346 shares of the basic materials company's stock valued at $718,000 after purchasing an additional 7,492 shares during the period. Institutional investors and hedge funds own 17.03% of the company's stock.
McEwen Mining Price Performance
Shares of NYSE:MUX opened at $7.28 on Tuesday. 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 stock's fifty day simple moving average is $7.60 and its two-hundred day simple moving average is $7.91. McEwen Mining Inc has a 1-year low of $6.38 and a 1-year high of $12.45. The stock has a market cap of $393.03 million, a PE ratio of 3.32 and a beta of 0.93.
McEwen Mining (NYSE:MUX - Get Free Report) TSE: MUX last issued its quarterly earnings data on Wednesday, May 7th. The basic materials company reported ($0.12) earnings per share for the quarter, beating 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 business had revenue of $35.70 million for the quarter, compared to analysts' expectations of $39.06 million. As a group, analysts forecast that McEwen Mining Inc will post -0.72 EPS for the current fiscal year.
Analyst Ratings Changes
Several analysts recently issued reports on MUX shares. StockNews.com raised shares of McEwen Mining from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. National Bank Financial raised shares of McEwen Mining to a "strong-buy" rating in a research report on Tuesday, April 29th. Roth Mkm reduced 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 report on Friday, March 21st. Finally, HC Wainwright reduced their price target on shares of McEwen Mining from $18.00 to $15.50 and set a "buy" rating for the company in a research report on Friday, May 9th.
Check Out Our Latest Analysis on McEwen Mining
McEwen Mining Company 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.
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