Dimensional Fund Advisors LP Has $4.33 Million Stake in McEwen Mining Inc (NYSE:MUX)

Dimensional Fund Advisors LP increased its stake in shares of McEwen Mining Inc (NYSE:MUX - Free Report) TSE: MUX by 369.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 556,718 shares of the basic materials company's stock after purchasing an additional 438,088 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.05% of McEwen Mining worth $4,331,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MUX. U S Global Investors Inc. bought a new stake in McEwen Mining in the fourth quarter worth $2,557,000. Renaissance Technologies LLC raised its holdings in McEwen Mining by 170.5% in the 4th quarter. Renaissance Technologies LLC now owns 162,186 shares of the basic materials company's stock worth $1,262,000 after acquiring an additional 102,231 shares during the period. Empowered Funds LLC acquired a new position in McEwen Mining during the 4th quarter worth $788,000. Norges Bank acquired a new position in McEwen Mining during the 4th quarter worth $421,000. Finally, JPMorgan Chase & Co. boosted its holdings in McEwen Mining by 282,420.0% during the fourth quarter. JPMorgan Chase & Co. now owns 42,378 shares of the basic materials company's stock valued at $330,000 after acquiring an additional 42,363 shares during the period. 17.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. National Bank Financial upgraded McEwen Mining to a "strong-buy" rating in a research note on Tuesday, April 29th. HC Wainwright cut their price target on McEwen Mining from $18.00 to $15.50 and set a "buy" rating for the company in a report on Friday, May 9th. Roth Mkm reduced their price objective on 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, StockNews.com raised shares of McEwen Mining from a "sell" rating to a "hold" rating in a research report on Wednesday.

McEwen Mining Stock Performance

McEwen Mining stock traded down $0.02 on Friday, hitting $7.15. The company's stock had a trading volume of 424,208 shares, compared to its average volume of 693,899. The company has a fifty day moving average price of $7.60 and a 200-day moving average price of $7.98. The firm has a market cap of $385.74 million, a P/E ratio of 3.26 and a beta of 0.93. McEwen Mining Inc has a one year low of $6.38 and a one year high of $12.45. 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 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. The company had revenue of $35.70 million for the quarter, compared to the consensus estimate of $39.06 million. McEwen Mining had a return on equity of 20.77% and a net margin of 51.31%. On average, equities analysts anticipate that McEwen Mining Inc will post -0.72 earnings per share for the current year.

McEwen Mining Profile

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.