Susquehanna Fundamental Investments LLC Invests $526,000 in McEwen Mining Inc (NYSE:MUX)

Susquehanna Fundamental Investments LLC purchased a new stake in McEwen Mining Inc (NYSE:MUX - Free Report) TSE: MUX in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 67,551 shares of the basic materials company's stock, valued at approximately $526,000. Susquehanna Fundamental Investments LLC owned 0.13% of McEwen Mining at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in McEwen Mining by 369.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 556,718 shares of the basic materials company's stock valued at $4,331,000 after buying an additional 438,088 shares during the last quarter. U S Global Investors Inc. bought a new position in shares of McEwen Mining during the fourth quarter valued at about $2,557,000. Renaissance Technologies LLC boosted its stake in shares of 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 buying an additional 102,231 shares during the last quarter. Empowered Funds LLC bought a new stake in McEwen Mining during the fourth quarter worth $788,000. Finally, Norges Bank bought a new stake in McEwen Mining during the fourth quarter worth $421,000. Institutional investors own 17.03% of the company's stock.

McEwen Mining Stock Up 0.9 %

NYSE:MUX traded up $0.07 on Friday, reaching $7.46. 144,918 shares of the stock traded hands, compared to its average volume of 706,483. The company's fifty day simple moving average is $7.58 and its 200 day simple moving average is $8.10. The company has a market capitalization of $402.36 million, a price-to-earnings ratio of 3.41 and a beta of 0.93. McEwen Mining Inc has a 12 month low of $6.38 and a 12 month high of $12.45. The company has a current ratio of 1.17, a quick ratio of 0.74 and a debt-to-equity ratio of 0.06.

McEwen Mining (NYSE:MUX - Get Free Report) TSE: MUX last released its earnings results on Wednesday, May 7th. The basic materials company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.02. McEwen Mining had a return on equity of 20.77% and a net margin of 51.31%. The company had revenue of $35.70 million for the quarter, compared to the consensus estimate of $39.06 million. Equities analysts predict that McEwen Mining Inc will post -0.72 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Roth Mkm decreased their target price 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. StockNews.com cut shares of McEwen Mining from a "hold" rating to a "sell" rating in a research note on Wednesday, February 19th. HC Wainwright reaffirmed a "buy" rating and issued a $18.00 price target on shares of McEwen Mining in a report on Wednesday, March 19th. Finally, National Bank Financial raised McEwen Mining to a "strong-buy" rating in a report on Tuesday, April 29th.

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.