Private Advisor Group LLC Acquires 2,000 Shares of McEwen Mining Inc (NYSE:MUX)

Private Advisor Group LLC increased its holdings in shares of McEwen Mining Inc (NYSE:MUX) (TSE:MUX) by 18.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,645 shares of the basic materials company’s stock after acquiring an additional 2,000 shares during the quarter. Private Advisor Group LLC’s holdings in McEwen Mining were worth $98,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in McEwen Mining by 66.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 393,719 shares of the basic materials company’s stock worth $3,659,000 after acquiring an additional 157,300 shares during the period. Geode Capital Management LLC raised its stake in shares of McEwen Mining by 5.8% in the third quarter. Geode Capital Management LLC now owns 471,119 shares of the basic materials company’s stock valued at $4,383,000 after buying an additional 25,844 shares during the period. Empowered Funds LLC bought a new stake in shares of McEwen Mining in the fourth quarter valued at $788,000. GSA Capital Partners LLP bought a new stake in shares of McEwen Mining in the third quarter valued at $457,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of McEwen Mining in the third quarter valued at $176,000. 17.03% of the stock is currently owned by institutional investors.

McEwen Mining Trading Down 0.3 %

Shares of MUX stock opened at $7.16 on Friday. The stock has a market capitalization of $378.73 million, a PE ratio of 3.27 and a beta of 1.42. McEwen Mining Inc has a 1-year low of $6.46 and a 1-year high of $12.50. The business has a 50-day moving average of $7.85 and a 200 day moving average of $8.68. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.17 and a quick ratio of 0.74.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MUX. StockNews.com lowered McEwen Mining from a “hold” rating to a “sell” rating in a research note on Wednesday, February 19th. HC Wainwright decreased their price objective on McEwen Mining from $19.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th.

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.