McEwen Mining (NYSE:MUX) Trading Up 4.3%

McEwen Mining Inc (NYSE:MUX - Get Free Report) TSE: MUX's stock price traded up 4.3% during trading on Thursday . The stock traded as high as $11.39 and last traded at $11.36. 136,383 shares traded hands during trading, a decline of 80% from the average session volume of 683,735 shares. The stock had previously closed at $10.89.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. HC Wainwright dropped their price target on shares of McEwen Mining from $18.50 to $13.00 and set a "buy" rating on the stock in a research report on Monday, March 4th. TheStreet upgraded shares of McEwen Mining from a "d" rating to a "c" rating in a research report on Friday, March 1st.

McEwen Mining Stock Up 1.4 %

The stock has a market cap of $545.82 million, a price-to-earnings ratio of 9.75 and a beta of 1.53. The company has a current ratio of 1.76, a quick ratio of 1.09 and a debt-to-equity ratio of 0.08. The stock's 50-day moving average price is $8.52 and its 200-day moving average price is $7.60.

McEwen Mining (NYSE:MUX - Get Free Report) TSE: MUX last released its quarterly earnings data on Thursday, February 29th. The basic materials company reported $2.90 earnings per share for the quarter, beating the consensus estimate of ($0.32) by $3.22. The company had revenue of $58.68 million during the quarter, compared to analyst estimates of $53.00 million. McEwen Mining had a net margin of 32.92% and a return on equity of 19.20%. On average, sell-side analysts expect that McEwen Mining Inc will post -0.3 earnings per share for the current year.

Institutional Trading of McEwen Mining

Hedge funds have recently modified their holdings of the stock. UBS Group AG increased its stake in shares of McEwen Mining by 58.7% in the 1st quarter. UBS Group AG now owns 4,827 shares of the basic materials company's stock valued at $41,000 after acquiring an additional 1,785 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of McEwen Mining by 968.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,950 shares of the basic materials company's stock valued at $43,000 after acquiring an additional 5,393 shares in the last quarter. Citigroup Inc. bought a new stake in shares of McEwen Mining in the 2nd quarter valued at $45,000. Bank of America Corp DE increased its stake in shares of McEwen Mining by 221.4% in the 1st quarter. Bank of America Corp DE now owns 7,544 shares of the basic materials company's stock valued at $64,000 after acquiring an additional 5,197 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of McEwen Mining in the 3rd quarter valued at $67,000. Institutional investors own 17.03% of the company's stock.

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.