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 issued on Monday morning.

Other research analysts also recently issued reports about the company. Roth Mkm lowered their price target on McEwen Mining from $12.75 to $12.25 and set a “buy” rating on the stock in a report on Thursday, November 7th. HC Wainwright lowered their price target on McEwen Mining from $19.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, January 30th.

McEwen Mining Trading Up 4.5 %

Shares of NYSE:MUX opened at $7.72 on Monday. The company has a market cap of $408.54 million, a P/E ratio of 3.53 and a beta of 1.42. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.17 and a quick ratio of 0.74. McEwen Mining has a 1 year low of $5.92 and a 1 year high of $12.50. The stock’s fifty day moving average price is $8.21 and its 200-day moving average price is $8.84.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. New Age Alpha Advisors LLC bought a new position in McEwen Mining in the fourth quarter valued at about $38,000. Quarry LP bought a new position in McEwen Mining in the third quarter valued at about $51,000. Private Advisor Group LLC bought a new position in McEwen Mining in the third quarter valued at about $99,000. PDT Partners LLC purchased a new stake in McEwen Mining in the third quarter worth about $101,000. Finally, Sprott Inc. purchased a new stake in McEwen Mining in the fourth quarter worth about $100,000. Institutional investors own 17.03% of the company’s stock.

About McEwen Mining

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.