2 weeks Ago By Defense World Staff
Bank of Montreal Can trimmed its position in McEwen Mining Inc (NYSE:MUX – Free Report) (TSE:MUX) by 66.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,330 shares of the basic materials company’s stock after selling 79,336 shares during the quarter.
Bank of Montreal Can owned 0.07% of McEwen Mining worth $306,000 at the end of the most recent reporting period. Several other institutional investors have also added to or reduced their stakes in the company.
Geode Capital Management LLC increased its stake in shares of McEwen Mining by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 471,119 shares of the basic materials company’s stock valued at $4,383,000 after purchasing an additional 25,844 shares during the last quarter.
Virtu Financial LLC boosted its stake in McEwen Mining by 32.3% in the third quarter. Virtu Financial LLC now owns 16,555 shares of the basic materials company’s stock valued at $154,000 after buying an additional 4,046 shares in the last quarter.
Tidal Investments LLC raised its stake in McEwen Mining by 1.8% during the third quarter. Tidal Investments LLC now owns 152,859 shares of the basic materials company’s stock worth $1,422,000 after acquiring an additional 2,632 shares in the last quarter.
Empowered Funds LLC bought a new position in shares of McEwen Mining in the fourth quarter worth about $788,000. Finally, Private Advisor Group LLC boosted its stake in shares of McEwen Mining by 18.8% in the 4th quarter.
Private Advisor Group LLC now owns 12,645 shares of the basic materials company’s stock valued at $98,000 after purchasing an additional 2,000 shares in the last quarter. 17.03% of the stock is currently owned by institutional investors and hedge funds.
McEwen Mining Price PerformanceMUX stock opened at $7.63 on Thursday. The company has a market capitalization of $411.
52 million, a P/E ratio of 3.48 and a beta of 1.21.
The company has a fifty day moving average price of $7.48 and a 200-day moving average price of $8.28.
The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.74 and a current ratio of 1.
17. McEwen Mining Inc has a 52-week low of $6.38 and a 52-week high of $12.
50. McEwen Mining (NYSE:MUX – Get Free Report) (TSE:MUX) last released its quarterly earnings results on Friday, March 14th. The basic materials company reported ($0.
15) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02).
McEwen Mining had a net margin of 51.31% and a return on equity of 20.77%.
The company had revenue of $33.52 million during the quarter, compared to the consensus estimate of $32.20 million.
As a group, equities analysts expect that McEwen Mining Inc will post -0.72 EPS for the current year. Wall Street Analyst Weigh InA number of analysts have weighed in on MUX shares.
HC Wainwright restated a “buy” rating and issued a $18.00 target price on shares of McEwen Mining in a research report on Wednesday, March 19th. StockNews.
com lowered McEwen Mining from a “hold” rating to a “sell” rating in a research report on Wednesday, February 19th. Finally, Roth Mkm dropped 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.Check Out Our Latest Analysis on MUXAbout McEwen Mining (Free Report)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.Read MoreFive stocks we like better than McEwen MiningA Deeper Look at Bid-Ask SpreadsCan IBM’s Q1 Earnings Spark a Breakout for the Stock?Special Purpose Acquisition Company (SPAC) What You Need to Know S&P 500 and Nasdaq-100 Flashed Death Crosses—Should You Worry?What Does Downgrade Mean in Investing?Fundamentally Sound, These 5 Stocks Sold Off Anyway.
