1 week Ago By Defense World Staff
Norges Bank acquired a new stake in shares of McEwen Mining Inc ( NYSE:MUX – Free Report ) (TSE:MUX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 54,100 shares of the basic materials company’s stock, valued at approximately $421,000. Norges Bank owned approximately 0.
10% of McEwen Mining as of its most recent SEC filing. Several other institutional investors have also modified their holdings of the stock. Private Advisor Group LLC increased its position in shares of McEwen Mining by 18.
8% during the fourth quarter. Private Advisor Group LLC now owns 12,645 shares of the basic materials company’s stock worth $98,000 after purchasing an additional 2,000 shares in the last quarter. Sprott Inc.
purchased a new stake in shares of McEwen Mining during the fourth quarter worth $100,000. Virtu Financial LLC raised its position in shares of 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 during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of McEwen Mining in the third quarter valued at about $176,000. Finally, Fox Run Management L.
L.C. purchased a new position in shares of McEwen Mining in the fourth quarter worth about $248,000.
Institutional investors and hedge funds own 17.03% of the company’s stock. Analyst Upgrades and Downgrades Several analysts recently issued reports on the stock.
HC Wainwright reaffirmed a “buy” rating and set a $18.00 price objective on shares of McEwen Mining in a research note 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 reduced their price objective on McEwen Mining from $13.00 to $12.
50 and set a “buy” rating on the stock in a research report on Friday, March 21st. McEwen Mining Trading Up 5.1 % Shares of MUX opened at $7.
96 on Friday. McEwen Mining Inc has a 12-month low of $6.38 and a 12-month high of $12.
50. The firm has a market capitalization of $429.27 million, a P/E ratio of 3.
63 and a beta of 1.21. The firm has a 50-day moving average price of $7.
44 and a 200 day moving average price of $8.35. 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 posted its earnings results on Friday, March 14th. The basic materials company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.
13) by ($0.02). The firm had revenue of $33.
52 million during the quarter, compared to analyst estimates of $32.20 million. McEwen Mining had a net margin of 51.
31% and a return on equity of 20.77%. Sell-side analysts forecast that McEwen Mining Inc will post -0.
72 EPS for the current year. McEwen Mining Company Profile ( 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. Featured Articles Five stocks we like better than McEwen Mining How to Short a Stock in 5 Easy Steps Robinhood Strategies Could Be a Game-Changer for Young Investors What Investors Must Know About Over-the-Counter (OTC) Stocks Are These 3 Retail Stocks Oversold or Really in Trouble? Stock Dividend Cuts Happen Are You Ready? IONQ & RGTI Join DARPA Quantum Initiative: High Stakes Are Ahead Receive News & Ratings for McEwen Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McEwen Mining and related companies with MarketBeat.com's FREE daily email newsletter .
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