McEwen Mining Inc. (NYSE:MUX) shares traded 2.91% higher at $7.08 on Wall Street last session.
In accordance with the data, 4 analysts cover McEwen Mining Inc. (NYSE:MUX). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $10.50 and a low of $9.50, we find $10.00. Given the previous closing price of $6.88, this indicates a potential upside of 45.35 percent. MUX stock price is now 21.82% away from the 50-day moving average and 45.82% away from the 200-day moving average. The market capitalization of the company currently stands at $323.77M.
It has been rated a hold by 0 analysts and a buy by 4. Brokers who have rated the stock have averaged $10.00 as their price target over the next twelve months.
On September 10, 2019, B. Riley FBR recently initiated its ‘Buy’ rating on the stock quoting a target price of $4.20, while ‘ROTH Capital’ rates the stock as ‘Buy’.
In other news, Mah G. Peter, CHIEF OPERATING OFFICER bought 23,575 shares of the company’s stock on Mar 15. The stock was bought for $24,990 at an average price of $1.06. Upon completion of the transaction, the CHIEF OPERATING OFFICER now directly owns 31,575 shares in the company, valued at $0.22 million. A total of 17.61% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MUX stock. A new stake in McEwen Mining Inc. shares was purchased by BRIDGEWAY CAPITAL MANAGEMENT, LLC during the first quarter worth $637,000. UBS ASSET MANAGEMENT AMERICAS INC invested $258,000 in shares of MUX during the first quarter. In the first quarter, OCCUDO QUANTITATIVE STRATEGIES LP acquired a new stake in McEwen Mining Inc. valued at approximately $222,000. SCHONFELD STRATEGIC ADVISORS LLC acquired a new stake in MUX for approximately $185,000. SIGMA PLANNING CORP purchased a new stake in MUX valued at around $121,000 in the second quarter. In total, there are 139 active investors with 22.70% ownership of the company’s stock.
McEwen Mining Inc. (NYSE: MUX) opened at $6.76 on Tuesday. During the past 12 months, McEwen Mining Inc. has had a low of $2.81 and a high of $9.78. As of last week, the company has a debt-to-equity ratio of 0.18, a current ratio of 1.70, and a quick ratio of 1.10. The fifty day moving average price for MUX is $5.81 and a two-hundred day moving average price translates $4.86 for the stock.
The latest earnings results from McEwen Mining Inc. (NYSE: MUX) was released for Jun, 2022. According to the Other Precious Metals & Mining Company, earnings per share came in at -$0.27, beating analysts’ expectations of -$0.41 by 0.14. This compares to -$0.38 EPS in the same period last year. The net profit margin was -55.10% and return on equity was -17.70% for MUX. The company reported revenue of $25.99 million for the quarter, compared to $37.13 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -30.01 percent.
Moreover, the firm recently paid out its quarterly dividend on 09/04/2018. Investors who held shares on 08/27/2018 were paid a $0.005 dividend.
McEwen Mining Inc.(MUX) Company Profile
McEwen Mining Inc. engages in the exploration, development, production, and sale of gold and silver deposits in the United States, Canada, Mexico, and Argentina. The company also explores for copper deposits. It primarily owns a 100% interest in the Gold Bar mine in Eureka County, Nevada; the Black Fox gold mine in Ontario, Canada; the El Gallo Project and Fenix silver-gold project in Sinaloa, Mexico; the Los Azules copper deposit in San Juan, Argentina; and a portfolio of exploration properties in Nevada, Canada, Mexico, and Argentina. It also owns a 49% interest in the San José mine located in Argentina. The company was formerly known as US Gold Corporation and changed its name to McEwen Mining Inc. in January 2012. McEwen Mining Inc. was incorporated in 1979 and is headquartered in Toronto, Canada.