McEwen Mining Inc (NYSE:MUX – Get Rating) (TSE:MUX) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.37 and traded as high as $8.04. McEwen Mining shares last traded at $7.88, with a volume of 289,843 shares.
Analyst Upgrades and Downgrades
Separately, HC Wainwright increased their target price on shares of McEwen Mining from $10.25 to $10.75 and gave the stock a "buy" rating in a research note on Wednesday, March 15th.
Get McEwen Mining alerts:McEwen Mining Stock Down 1.3 %
The stock has a market capitalization of $373.75 million, a PE ratio of -4.75 and a beta of 1.23. The firm's fifty day moving average is $6.74 and its 200-day moving average is $5.37. The company has a quick ratio of 0.59, a current ratio of 0.97 and a debt-to-equity ratio of 0.15.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. UBS Group AG raised its holdings in McEwen Mining by 37.3% during the second quarter. UBS Group AG now owns 83,005 shares of the basic materials company's stock worth $36,000 after purchasing an additional 22,541 shares in the last quarter. Jane Street Group LLC increased its holdings in McEwen Mining by 47.1% in the second quarter. Jane Street Group LLC now owns 121,791 shares of the basic materials company's stock valued at $53,000 after buying an additional 38,985 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in McEwen Mining by 5,296.2% in the first quarter. JPMorgan Chase & Co. now owns 101,233 shares of the basic materials company's stock valued at $85,000 after buying an additional 99,357 shares in the last quarter. Toronto Dominion Bank increased its holdings in McEwen Mining by 2.0% in the second quarter. Toronto Dominion Bank now owns 199,272 shares of the basic materials company's stock valued at $87,000 after buying an additional 3,993 shares in the last quarter. Finally, Sigma Planning Corp purchased a new position in shares of McEwen Mining during the 4th quarter worth approximately $100,000. 19.39% of the stock is owned by hedge funds and other institutional investors.
McEwen Mining Company Profile
(Get Rating)
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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