McEwen Inc. (NYSE:MUX) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analyst consensus: McEwen Inc. has an average recommendation of "Moderate Buy" from five analysts (four buys, one sell) with an average 1‑year price target of $25.50, and Roth MKM recently raised its target to $30 while Weiss Ratings remains a sell.
• Stock and fundamentals: MUX opened at $24.25, trading near its 50‑day SMA ($24.22) within a 1‑year range of $6.38–$29.70, with a market cap of about $1.32B and a negative P/E (~-110).

McEwen Inc. (NYSE:MUX - Get Free Report) TSE: MUX has received an average recommendation of "Moderate Buy" from the five ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $25.50.

Several research analysts have recently issued reports on MUX shares. Roth Mkm restated a "buy" rating and set a $30.00 price objective (up from $23.00) on shares of McEwen in a report on Friday, January 30th. Weiss Ratings reiterated a "sell (d+)" rating on shares of McEwen in a research note on Monday, December 29th.

Institutional Trading of McEwen

A number of hedge funds have recently modified their holdings of MUX. CoreCap Advisors LLC bought a new stake in shares of McEwen during the third quarter valued at approximately $27,000. Parkside Financial Bank & Trust bought a new position in McEwen in the fourth quarter worth $37,000. Banque Cantonale Vaudoise acquired a new stake in McEwen during the fourth quarter worth $40,000. National Bank of Canada FI boosted its stake in McEwen by 3,328.3% during the third quarter. National Bank of Canada FI now owns 3,634 shares of the basic materials company's stock worth $62,000 after buying an additional 3,528 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in McEwen by 330.7% in the 4th quarter. Wells Fargo & Company MN now owns 4,105 shares of the basic materials company's stock valued at $76,000 after buying an additional 3,152 shares during the period. Institutional investors own 17.03% of the company's stock.

McEwen Trading Up 0.3%

Shares of MUX stock opened at $24.25 on Friday. McEwen has a 1 year low of $6.38 and a 1 year high of $29.70. The firm's fifty day simple moving average is $24.22 and its 200 day simple moving average is $19.46. The firm has a market capitalization of $1.32 billion, a P/E ratio of -110.23 and a beta of 1.11. The company has a current ratio of 2.10, a quick ratio of 1.58 and a debt-to-equity ratio of 0.26.

About McEwen

McEwen Mining Inc NYSE: MUX is a Canada-based precious metals company focused on the exploration, development and production of gold, silver and copper. Headquartered in Toronto, the company pursues a diversified portfolio of assets across the Americas, with operations and projects spanning Argentina, Mexico, Canada and the United States. McEwen Mining employs an integrated approach that combines in-house technical expertise with strategic partnerships to advance its assets from resource definition through to commercial production.

The company's flagship producing asset is the San José mine in Argentina, a high-grade silver-gold operation.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.