Tudor Investment Corp ET AL Sells 86,349 Shares of McEwen Mining Inc (NYSE:MUX)

Tudor Investment Corp ET AL lowered its position in shares of McEwen Mining Inc (NYSE:MUX - Free Report) TSE: MUX by 61.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,370 shares of the basic materials company's stock after selling 86,349 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.10% of McEwen Mining worth $423,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its holdings in shares of McEwen Mining by 369.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 556,718 shares of the basic materials company's stock worth $4,331,000 after buying an additional 438,088 shares in the last quarter. U S Global Investors Inc. bought a new position in shares of McEwen Mining during the fourth quarter worth about $2,557,000. Renaissance Technologies LLC grew its holdings in shares of McEwen Mining by 170.5% during the fourth 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 in the last quarter. Empowered Funds LLC bought a new position in shares of McEwen Mining during the fourth quarter worth about $788,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of McEwen Mining during the fourth quarter worth about $526,000. Institutional investors own 17.03% of the company's stock.

McEwen Mining Trading Down 0.7%

Shares of NYSE:MUX traded down $0.05 during midday trading on Tuesday, reaching $7.21. The company's stock had a trading volume of 563,503 shares, compared to its average volume of 694,905. The firm has a market capitalization of $389.25 million, a price-to-earnings ratio of 3.29 and a beta of 0.93. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.74 and a current ratio of 1.17. The firm has a 50 day moving average price of $7.60 and a two-hundred day moving average price of $8.01. McEwen Mining Inc has a fifty-two week low of $6.38 and a fifty-two week high of $12.45.

McEwen Mining (NYSE:MUX - Get Free Report) TSE: MUX last issued its quarterly earnings data on Wednesday, May 7th. The basic materials company reported ($0.12) EPS for the quarter, topping analysts' consensus estimates of ($0.14) by $0.02. The firm had revenue of $35.70 million during the quarter, compared to analyst estimates of $39.06 million. McEwen Mining had a return on equity of 20.77% and a net margin of 51.31%. As a group, analysts forecast that McEwen Mining Inc will post -0.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. HC Wainwright cut their price objective on McEwen Mining from $18.00 to $15.50 and set a "buy" rating for the company in a research report on Friday. National Bank Financial upgraded McEwen Mining to a "strong-buy" rating in a research report on Tuesday, April 29th. Roth Mkm cut their target price on McEwen Mining from $13.00 to $12.50 and set a "buy" rating on the stock in a report on Friday, March 21st. Finally, StockNews.com downgraded McEwen Mining from a "hold" rating to a "sell" rating in a report on Wednesday, February 19th.

McEwen Mining Company 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.