Shares of McEwen Mining Inc. (NYSE:MUX) (TSE:MUX) have earned an average recommendation of “Hold” from the six research firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $5.00.

Several analysts have issued reports on the company. Cantor Fitzgerald assumed coverage on McEwen Mining in a research note on Thursday. They issued a “buy” rating on the stock. Zacks Investment Research upgraded McEwen Mining from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. HC Wainwright restated a “buy” rating and issued a $5.00 target price on shares of McEwen Mining in a research note on Wednesday, October 11th. Finally, BidaskClub upgraded McEwen Mining from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 12th.

Several large investors have recently added to or reduced their stakes in MUX. D L Carlson Investment Group Inc. raised its stake in shares of McEwen Mining by 107.8% during the 2nd quarter. D L Carlson Investment Group Inc. now owns 38,588 shares of the basic materials company’s stock valued at $101,000 after purchasing an additional 20,018 shares during the period. Profund Advisors LLC raised its stake in shares of McEwen Mining by 0.9% during the 2nd quarter. Profund Advisors LLC now owns 39,122 shares of the basic materials company’s stock valued at $103,000 after purchasing an additional 366 shares during the period. Karp Capital Management Corp bought a new stake in shares of McEwen Mining during the 1st quarter valued at $110,000. Two Sigma Securities LLC bought a new stake in shares of McEwen Mining during the 1st quarter valued at $125,000. Finally, Parametric Portfolio Associates LLC raised its stake in shares of McEwen Mining by 1.4% during the 1st quarter. Parametric Portfolio Associates LLC now owns 42,368 shares of the basic materials company’s stock valued at $129,000 after purchasing an additional 589 shares during the period. Institutional investors own 27.77% of the company’s stock.

Shares of McEwen Mining (NYSE MUX) traded down 0.4121% on Thursday, reaching $1.9818. The company’s stock had a trading volume of 177,286 shares. The stock’s market cap is $618.87 million. The firm’s 50 day moving average is $2.19 and its 200-day moving average is $2.55. McEwen Mining has a 52-week low of $1.94 and a 52-week high of $4.43.

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McEwen Mining Company Profile

McEwen Mining Inc is a mining and minerals production and exploration company. The Company is focused on precious and base metals in Argentina, Mexico and the United States. The Company’s segments include Mexico, Minera Santa Cruz SA (MSC), Nevada and Los Azules. The Mexico Operations segment includes properties, such as El Gallo 1 mine and the El Gallo 2 project.

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