McEwen Inc. (NYSE:MUX) Given Average Recommendation of “Moderate Buy” by Brokerages

McEwen Inc. (NYSE:MUX) (TSE:MUX) has received an average recommendation of “Moderate Buy” from the five ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $25.50.

Several research analysts have recently issued reports on MUX shares. Roth Mkm restated 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 reiterated a “sell (d+)” rating on shares of McEwen in a research note on Monday, December 29th.

Institutional Trading of McEwen

A number of hedge funds have recently modified their holdings of MUX. CoreCap Advisors LLC bought a new stake in shares of McEwen during the third quarter valued at approximately $27,000. Parkside Financial Bank & Trust bought a new position in McEwen in the fourth quarter worth $37,000. Banque Cantonale Vaudoise acquired a new stake in McEwen during the fourth quarter worth $40,000. National Bank of Canada FI boosted its stake in McEwen by 3,328.3% during the third quarter. National Bank of Canada FI now owns 3,634 shares of the basic materials company’s stock worth $62,000 after buying an additional 3,528 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in McEwen by 330.7% in the 4th 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 period. Institutional investors own 17.03% of the company’s stock.

McEwen Trading Up 0.3%

Shares of MUX stock opened at $24.25 on Friday. McEwen has a 1 year low of $6.38 and a 1 year high of $29.70. The firm’s fifty day simple moving average is $24.22 and its 200 day simple moving average is $19.46. The firm has a market capitalization of $1.32 billion, a P/E ratio of -110.23 and a beta of 1.11. The company has a current ratio of 2.10, a quick ratio of 1.58 and a debt-to-equity ratio of 0.26.

About McEwen

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.