North Star Investment Management Corp. Boosts Stake in McEwen Inc. $MUX

North Star Investment Management Corp. lifted its holdings in McEwen Inc. (NYSE:MUXFree Report) (TSE:MUX) by 6,081.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 68,000 shares of the basic materials company’s stock after purchasing an additional 66,900 shares during the quarter. North Star Investment Management Corp.’s holdings in McEwen were worth $1,389,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. State Street Corp boosted its position in McEwen by 24.4% during the fourth quarter. State Street Corp now owns 2,190,605 shares of the basic materials company’s stock worth $40,548,000 after purchasing an additional 429,761 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of McEwen by 38.2% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,959,913 shares of the basic materials company’s stock valued at $33,515,000 after buying an additional 541,890 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of McEwen by 1.2% in the third quarter. Dimensional Fund Advisors LP now owns 1,285,603 shares of the basic materials company’s stock valued at $21,982,000 after buying an additional 15,439 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of McEwen by 56.3% during the 4th quarter. BNP Paribas Financial Markets now owns 1,001,596 shares of the basic materials company’s stock worth $18,540,000 after buying an additional 360,857 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of McEwen by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 884,347 shares of the basic materials company’s stock worth $15,122,000 after buying an additional 26,846 shares during the period. Institutional investors and hedge funds own 17.03% of the company’s stock.

McEwen Stock Performance

Shares of McEwen stock opened at $17.98 on Tuesday. McEwen Inc. has a one year low of $9.25 and a one year high of $29.70. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 15.24 and a beta of 1.18. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.81 and a current ratio of 1.14. The business’s 50 day moving average price is $21.38 and its 200 day moving average price is $22.28.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Wall Street Zen cut shares of McEwen from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Roth Mkm upped their price objective on shares of McEwen from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, March 18th. HC Wainwright upped their price objective on shares of McEwen from $21.50 to $29.50 and gave the stock a “buy” rating in a research report on Wednesday, March 18th. Weiss Ratings downgraded shares of McEwen from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 2nd. Finally, Zacks Research upgraded shares of McEwen from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.83.

Check Out Our Latest Stock Report on McEwen

McEwen Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for McEwen (NYSE:MUX)

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