McEwen Mining Inc (NYSE:MUX) General Counsel Carmen L. Diges Sells 17,066 Shares of Stock

McEwen Mining Inc (NYSE:MUX) (TSE:MUX) General Counsel Carmen L. Diges sold 17,066 shares of the stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $9.44, for a total value of $161,103.04. Following the sale, the general counsel now directly owns 10,982 shares of the company’s stock, valued at $103,670.08. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

McEwen Mining Stock Down 0.4 %

MUX opened at $9.51 on Tuesday. McEwen Mining Inc has a 12 month low of $5.92 and a 12 month high of $12.50. The stock has a market capitalization of $469.89 million, a P/E ratio of 5.80 and a beta of 1.51. The business has a 50 day simple moving average of $11.06 and a 200-day simple moving average of $8.93. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.37 and a quick ratio of 0.85.

McEwen Mining (NYSE:MUX) (TSE:MUX) last released its quarterly earnings data on Wednesday, May 8th. The basic materials company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.38). McEwen Mining had a net margin of 44.83% and a return on equity of 16.46%. The firm had revenue of $41.23 million during the quarter, compared to analysts’ expectations of $39.80 million. On average, equities analysts anticipate that McEwen Mining Inc will post -0.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on MUX. HC Wainwright raised their price target on McEwen Mining from $13.00 to $15.00 and gave the company a “buy” rating in a report on Monday, May 13th. Roth Mkm reissued a “buy” rating and issued a $12.00 price target (up from $11.00) on shares of McEwen Mining in a report on Friday, May 10th. Finally, TheStreet raised McEwen Mining from a “d” rating to a “c” rating in a report on Friday, March 1st.

Hedge Funds Weigh In On McEwen Mining

Hedge funds have recently bought and sold shares of the company. Quadrature Capital Ltd purchased a new position in McEwen Mining in the 3rd quarter valued at approximately $72,000. Rathbones Group PLC purchased a new position in McEwen Mining during the third quarter worth $74,000. Paloma Partners Management Co purchased a new position in McEwen Mining during the first quarter worth $117,000. Fifth Third Bancorp purchased a new position in McEwen Mining during the fourth quarter worth $98,000. Finally, Stonehage Fleming Financial Services Holdings Ltd purchased a new position in McEwen Mining during the fourth quarter worth $107,000. 17.03% of the stock is owned by hedge funds and other 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.