33,032 Shares in McEwen Inc. $MUX Purchased by Semanteon Capital Management LP

Semanteon Capital Management LP acquired a new stake in McEwen Inc. (NYSE:MUX) (TSE:MUX) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 33,032 shares of the basic materials company’s stock, valued at approximately $565,000.

Other large investors have also made changes to their positions in the company. CoreCap Advisors LLC purchased a new position in shares of McEwen during the 3rd quarter valued at approximately $27,000. Tower Research Capital LLC TRC raised its position in McEwen by 17,204.9% during the second quarter. Tower Research Capital LLC TRC now owns 10,556 shares of the basic materials company’s stock worth $101,000 after acquiring an additional 10,495 shares during the period. Pale Fire Capital SE acquired a new stake in shares of McEwen in the second quarter valued at about $119,000. XTX Topco Ltd acquired a new position in shares of McEwen during the 2nd quarter worth about $141,000. Finally, PharVision Advisers LLC purchased a new position in McEwen in the 2nd quarter valued at about $154,000. 17.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on MUX shares. Roth Mkm reaffirmed a “buy” rating and issued a $30.00 price target (up from $23.00) on shares of McEwen in a research note on Friday, January 30th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of McEwen in a research note on Monday, December 29th. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.50.

McEwen Stock Up 3.3%

NYSE MUX opened at $26.25 on Friday. The business’s fifty day simple moving average is $22.80 and its 200-day simple moving average is $18.34. The company has a quick ratio of 1.58, a current ratio of 2.10 and a debt-to-equity ratio of 0.26. The firm has a market cap of $1.43 billion, a PE ratio of -119.31 and a beta of 1.13. McEwen Inc. has a 52 week low of $6.38 and a 52 week high of $29.70.

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.