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McEwen Mining Inc (NYSE:MUX – Get Rating) (TSE:MUX) – Equities research analysts at HC Wainwright increased their FY2022 EPS estimates for McEwen Mining in a research note issued to investors on Wednesday, February 15th. HC Wainwright analyst H. Ihle now anticipates that the basic materials company will post earnings per share of ($1.08) for the year, up from their previous estimate of ($1.11). HC Wainwright has a “Buy” rating and a $10.25 price target on the stock. The consensus estimate for McEwen Mining’s current full-year earnings is ($1.13) per share.
Separately, Alliance Global Partners dropped their price target on shares of McEwen Mining to $9.50 in a research note on Tuesday, November 15th.
McEwen Mining Trading Up 1.2 %
Shares of MUX stock opened at $6.02 on Friday. The firm’s 50 day moving average is $6.31 and its 200 day moving average is $4.71. McEwen Mining has a 12-month low of $2.81 and a 12-month high of $9.78. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.14 and a current ratio of 1.65.
Institutional Trading of McEwen Mining
Institutional investors and hedge funds have recently modified their holdings of the company. Swiss National Bank increased its holdings in McEwen Mining by 7.3% in the 1st quarter. Swiss National Bank now owns 922,931 shares of the basic materials company’s stock valued at $777,000 after acquiring an additional 62,400 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of McEwen Mining by 5,296.2% during the 1st quarter. JPMorgan Chase & Co. now owns 101,233 shares of the basic materials company’s stock worth $85,000 after purchasing an additional 99,357 shares during the period. Bank of Montreal Can boosted its stake in shares of McEwen Mining by 6.7% during the 1st quarter. Bank of Montreal Can now owns 501,778 shares of the basic materials company’s stock worth $426,000 after purchasing an additional 31,493 shares during the period. BlackRock Inc. boosted its holdings in shares of McEwen Mining by 11.1% in the first quarter. BlackRock Inc. now owns 9,331,628 shares of the basic materials company’s stock valued at $7,854,000 after purchasing an additional 930,532 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of McEwen Mining by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 6,406,958 shares of the basic materials company’s stock worth $5,393,000 after buying an additional 86,204 shares during the period. 19.39% of the stock is currently owned by institutional investors.
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.
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