McEwen Inc. (NYSE:MUX) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of McEwen Inc. (NYSE:MUX) (TSE:MUX) have been given a consensus recommendation of “Moderate Buy” by the five ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $25.50.

MUX has been the topic of a number of recent research reports. Roth Mkm reaffirmed a “buy” rating and set a $30.00 price objective (up from $23.00) on shares of McEwen in a report on Friday, January 30th. Weiss Ratings reissued a “sell (d+)” rating on shares of McEwen in a report on Monday, December 29th.

Institutional Trading of McEwen

A number of large investors have recently bought and sold shares of the stock. Amundi acquired a new position in McEwen during the fourth quarter worth $14,240,000. Synergy Asset Management LLC acquired a new stake in shares of McEwen in the 4th quarter valued at $13,547,000. Royal Bank of Canada boosted its stake in shares of McEwen by 4,309.4% in the 1st quarter. Royal Bank of Canada now owns 638,871 shares of the basic materials company’s stock valued at $4,823,000 after purchasing an additional 624,382 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of McEwen by 38.2% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,959,913 shares of the basic materials company’s stock worth $33,515,000 after purchasing an additional 541,890 shares during the last quarter. Finally, Voloridge Investment Management LLC grew its holdings in shares of McEwen by 228.6% in the 4th quarter. Voloridge Investment Management LLC now owns 701,344 shares of the basic materials company’s stock worth $12,982,000 after purchasing an additional 487,924 shares during the last quarter. 17.03% of the stock is currently owned by institutional investors.

McEwen Stock Performance

NYSE MUX opened at $24.25 on Friday. The stock has a market cap of $1.32 billion, a P/E ratio of -110.23 and a beta of 1.11. The company’s 50-day simple moving average is $24.22 and its 200 day simple moving average is $19.46. McEwen has a twelve month low of $6.38 and a twelve month high of $29.70. The company has a quick ratio of 1.58, a current ratio of 2.10 and a debt-to-equity ratio of 0.26.

McEwen Company Profile

McEwen Mining Inc (NYSE: MUX) is a Canada-based precious metals company focused on the exploration, development and production of gold, silver and copper. Headquartered in Toronto, the company pursues a diversified portfolio of assets across the Americas, with operations and projects spanning Argentina, Mexico, Canada and the United States. McEwen Mining employs an integrated approach that combines in-house technical expertise with strategic partnerships to advance its assets from resource definition through to commercial production.

The company’s flagship producing asset is the San José mine in Argentina, a high-grade silver-gold operation.