McEwen Mining (NYSE:MUX) Upgraded at StockNews.com

StockNews.com upgraded shares of McEwen Mining (NYSE:MUX) (TSE:MUX) from a sell rating to a hold rating in a report published on Friday morning.

Other analysts have also issued reports about the stock. Roth Mkm dropped their price target on shares of McEwen Mining from $12.75 to $12.25 and set a “buy” rating on the stock in a research report on Thursday, November 7th. HC Wainwright boosted their price objective on McEwen Mining from $15.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, November 7th.

McEwen Mining Trading Down 1.6 %

McEwen Mining stock opened at $8.38 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.17 and a quick ratio of 0.74. The firm has a 50-day moving average of $9.49 and a 200-day moving average of $9.68. The company has a market cap of $443.47 million, a price-to-earnings ratio of 3.83 and a beta of 1.43. McEwen Mining has a one year low of $5.92 and a one year high of $12.50.

McEwen Mining (NYSE:MUX) (TSE:MUX) last posted its quarterly earnings results on Tuesday, November 5th. The basic materials company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.08). The company had revenue of $52.25 million during the quarter, compared to the consensus estimate of $48.60 million. McEwen Mining had a net margin of 51.31% and a return on equity of 20.77%. During the same quarter in the prior year, the business earned ($0.39) earnings per share. On average, equities analysts expect that McEwen Mining will post -0.68 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fifth Third Bancorp acquired a new position in McEwen Mining during the 2nd quarter worth approximately $32,000. Quarry LP bought a new stake in shares of McEwen Mining during the third quarter worth $51,000. Banque Cantonale Vaudoise acquired a new position in shares of McEwen Mining during the second quarter worth $78,000. Private Advisor Group LLC bought a new position in shares of McEwen Mining in the 3rd quarter valued at $99,000. Finally, Rathbones Group PLC acquired a new stake in shares of McEwen Mining during the 2nd quarter valued at $101,000. Institutional investors and hedge funds own 17.03% of the company’s stock.

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.