McEwen Mining (NYSE:MUX - Get Free Report ) TSE: MUX 's stock had its "buy" rating reaffirmed by research analysts at Roth Mkm in a research note issued on Friday, Benzinga reports. They currently have a $12.00 target price on the basic materials company's stock, up from their previous target price of $11.00. Roth Mkm's price target suggests a potential upside of 16.73% from the stock's previous close.
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MUX has been the subject of a number of other research reports. HC Wainwright decreased their price target on shares of McEwen Mining from $18.50 to $13.00 and set a "buy" rating for the company in a research report 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.
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McEwen Mining Trading Down 0.4 % Shares of MUX stock traded down $0.04 during mid-day trading on Friday, reaching $10.28. The company's stock had a trading volume of 695,491 shares, compared to its average volume of 884,790. The company has a quick ratio of 1.09, a current ratio of 1.76 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $508.24 million, a PE ratio of 9.02 and a beta of 1.48. The company's 50 day simple moving average is $10.27 and its 200-day simple moving average is $8.11. McEwen Mining has a 12-month low of $5.92 and a 12-month high of $12.50.
McEwen Mining (NYSE:MUX - Get Free Report ) TSE: MUX last posted its earnings results on Thursday, February 29th. The basic materials company reported $2.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.32) by $3.22. The business had revenue of $58.68 million during the quarter, compared to analyst estimates of $53.00 million. McEwen Mining had a return on equity of 19.20% and a net margin of 32.92%. On average, research analysts predict that McEwen Mining will post -0.3 EPS for the current fiscal year.
Institutional Inflows and Outflows A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in McEwen Mining by 1.0% in the first quarter. Vanguard Group Inc. now owns 616,066 shares of the basic materials company's stock worth $6,074,000 after acquiring an additional 6,082 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of McEwen Mining in the 1st quarter worth approximately $1,023,000. Quantbot Technologies LP boosted its holdings in McEwen Mining by 130.4% during the first quarter. Quantbot Technologies LP now owns 54,401 shares of the basic materials company's stock worth $536,000 after buying an additional 30,788 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of McEwen Mining in the first quarter valued at $529,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of McEwen Mining by 3.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,103,550 shares of the basic materials company's stock valued at $10,881,000 after acquiring an additional 40,205 shares during the last quarter. Institutional investors and hedge funds 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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