McEwen Mining Inc (NYSE:MUX - Get Free Report) (TSE:MUX) Director Nicolas Darveau-Garneau purchased 2,285 shares of the company's stock in a transaction that occurred on Friday, December 6th. The stock was purchased at an average price of $8.37 per share, for a total transaction of $19,125.45. Following the purchase, the director now owns 2,285 shares in the company, valued at $19,125.45. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
McEwen Mining Price Performance
NYSE MUX opened at $8.56 on Wednesday. McEwen Mining Inc has a 52 week low of $5.92 and a 52 week high of $12.50. The firm has a market capitalization of $452.73 million, a P/E ratio of 3.91 and a beta of 1.43. The company has a quick ratio of 0.74, a current ratio of 1.17 and a debt-to-equity ratio of 0.06. The company has a 50-day moving average price of $9.27 and a 200-day moving average price of $9.47.
McEwen Mining (NYSE:MUX - Get Free Report) (TSE:MUX) last released its quarterly earnings results on Tuesday, November 5th. The basic materials company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.08). McEwen Mining had a net margin of 51.31% and a return on equity of 20.77%. The business had revenue of $52.25 million for the quarter, compared to analysts' expectations of $48.60 million. During the same period in the previous year, the company earned ($0.39) EPS. Equities research analysts anticipate that McEwen Mining Inc will post -0.68 earnings per share for the current year.
Wall Street Analysts Forecast Growth
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MUX has been the topic of a number of analyst reports. HC Wainwright upped their price target on shares of McEwen Mining from $15.00 to $19.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. StockNews.com lowered McEwen Mining from a "hold" rating to a "sell" rating in a research report on Saturday, November 30th. Finally, Roth Mkm decreased their target price on McEwen Mining from $12.75 to $12.25 and set a "buy" rating for the company in a research report on Thursday, November 7th.
View Our Latest Research Report on MUX
Institutional Investors Weigh In On McEwen Mining
Hedge funds and other institutional investors have recently made changes to their positions in the business. Fifth Third Bancorp purchased a new stake in shares of McEwen Mining during the 2nd quarter valued at about $32,000. Quarry LP purchased a new stake in shares of McEwen Mining during the 3rd quarter valued at about $51,000. Banque Cantonale Vaudoise purchased a new stake in shares of McEwen Mining during the 2nd quarter valued at about $78,000. Private Advisor Group LLC purchased a new stake in McEwen Mining in the 3rd quarter worth approximately $99,000. Finally, PDT Partners LLC purchased a new stake in McEwen Mining in the 3rd quarter worth approximately $101,000. Hedge funds and other institutional investors own 17.03% of the company's stock.
McEwen Mining Company Profile
(
Get 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.
Further Reading
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