McEwen Inc. (NYSE:MUX) Receives $25.50 Average Price Target from Analysts

McEwen Inc. (NYSE:MUXGet Free Report) (TSE:MUX) has been given an average rating of “Moderate Buy” by the five analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $25.50.

A number of equities analysts have commented on MUX shares. Weiss Ratings upgraded shares of McEwen from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday. 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.

Get Our Latest Stock Report on MUX

Hedge Funds Weigh In On McEwen

Several institutional investors have recently bought and sold shares of the business. CoreCap Advisors LLC acquired a new position in McEwen in the third quarter worth $27,000. Parkside Financial Bank & Trust acquired a new stake in shares of McEwen in the fourth quarter valued at $37,000. Banque Cantonale Vaudoise acquired a new stake in shares of McEwen in the fourth quarter valued at $40,000. National Bank of Canada FI raised its holdings in shares of McEwen by 3,328.3% in the third quarter. National Bank of Canada FI now owns 3,634 shares of the basic materials company’s stock valued at $62,000 after buying an additional 3,528 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of McEwen by 330.7% in the fourth quarter. Wells Fargo & Company MN now owns 4,105 shares of the basic materials company’s stock valued at $76,000 after buying an additional 3,152 shares during the last quarter. Institutional investors own 17.03% of the company’s stock.

Key Headlines Impacting McEwen

Here are the key news stories impacting McEwen this week:

McEwen Stock Down 5.1%

Shares of NYSE MUX opened at $23.19 on Friday. The stock has a market cap of $1.26 billion, a PE ratio of 39.30 and a beta of 1.11. The business has a fifty day moving average of $24.80 and a two-hundred day moving average of $19.94. McEwen has a 52-week low of $6.38 and a 52-week high of $29.70. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.58 and a current ratio of 2.10.

McEwen (NYSE:MUXGet Free Report) (TSE:MUX) last issued its earnings results on Thursday, March 12th. The basic materials company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.25 by $0.41. The company had revenue of $64.60 million for the quarter, compared to the consensus estimate of $72.83 million. McEwen had a net margin of 17.43% and a return on equity of 7.11%. As a group, equities research analysts expect that McEwen will post -0.72 earnings per share for the current fiscal year.

About McEwen

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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.

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Analyst Recommendations for McEwen (NYSE:MUX)

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