McEwen Mining Inc (NYSE:MUX - Get Free Report) TSE: MUX's stock price reached a new 52-week high on Friday . The company traded as high as $12.27 and last traded at $12.04, with a volume of 205245 shares trading hands. The stock had previously closed at $11.94.
Analyst Ratings Changes
A number of research firms have weighed in on MUX. HC Wainwright reduced their price objective on shares of McEwen Mining from $18.50 to $13.00 and set a "buy" rating for the company in a research note on Monday, March 4th. TheStreet raised shares of McEwen Mining from a "d" rating to a "c" rating in a report on Friday, March 1st.
Read Our Latest Stock Report on MUX
McEwen Mining Stock Performance
The business's fifty day moving average price is $9.08 and its 200-day moving average price is $7.80. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.09 and a current ratio of 1.76. The stock has a market cap of $605.64 million, a PE ratio of 10.75 and a beta of 1.53.
McEwen Mining (NYSE:MUX - Get Free Report) TSE: MUX last posted its quarterly earnings data on Thursday, February 29th. The basic materials company reported $2.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.32) by $3.22. The company had revenue of $58.68 million for the quarter, compared to the consensus estimate of $53.00 million. McEwen Mining had a net margin of 32.92% and a return on equity of 19.20%. As a group, equities research analysts forecast that McEwen Mining Inc will post -0.3 EPS for the current fiscal year.
Hedge Funds Weigh In On McEwen Mining
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. raised its position in shares of McEwen Mining by 5.8% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 59,342 shares of the basic materials company's stock valued at $386,000 after buying an additional 3,245 shares during the last quarter. Toronto Dominion Bank increased its position in McEwen Mining by 25.2% in the third quarter. Toronto Dominion Bank now owns 25,032 shares of the basic materials company's stock worth $163,000 after purchasing an additional 5,032 shares during the last quarter. Quadrature Capital Ltd purchased a new position in McEwen Mining during the third quarter worth $72,000. Rathbones Group PLC purchased a new position in McEwen Mining during the third quarter worth $74,000. Finally, Private Advisor Group LLC purchased a new position in McEwen Mining during the third quarter worth $75,000. Hedge funds and other institutional investors own 17.03% of the company's stock.
About McEwen Mining
(
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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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