McEwen (NYSE:MUX) Director Stephen Douglas Kaszas Acquires 1,000 Shares

McEwen Inc. (NYSE:MUX) (TSE:MUX) Director Stephen Douglas Kaszas purchased 1,000 shares of McEwen stock in a transaction dated Friday, June 5th. The shares were acquired at an average cost of $18.36 per share, for a total transaction of $18,360.00. Following the completion of the transaction, the director owned 1,621 shares of the company’s stock, valued at approximately $29,761.56. This represents a 161.03% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

McEwen Stock Performance

Shares of MUX stock opened at $17.84 on Wednesday. McEwen Inc. has a 12-month low of $8.95 and a 12-month high of $29.70. The business’s fifty day simple moving average is $22.38 and its 200-day simple moving average is $22.23. The company has a current ratio of 1.14, a quick ratio of 0.81 and a debt-to-equity ratio of 0.19. The company has a market cap of $1.07 billion, a PE ratio of 15.12 and a beta of 1.17.

McEwen (NYSE:MUX) (TSE:MUX) last posted its quarterly earnings data on Thursday, March 12th. The basic materials company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.25 by $0.41. McEwen had a net margin of 31.40% and a return on equity of 13.65%. The business had revenue of $64.60 million during the quarter, compared to the consensus estimate of $72.83 million. Analysts expect that McEwen Inc. will post 1.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MUX has been the subject of several research reports. Weiss Ratings downgraded shares of McEwen from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 2nd. HC Wainwright lifted their price objective on shares of McEwen from $21.50 to $29.50 and gave the stock a “buy” rating in a research note on Wednesday, March 18th. Wall Street Zen downgraded shares of McEwen from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Roth Mkm lifted their price objective on shares of McEwen from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, March 18th. Finally, Zacks Research upgraded shares of McEwen from a “strong sell” rating to a “hold” rating in a research note on Monday, May 11th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.83.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. KBC Group NV acquired a new position in shares of McEwen in the first quarter worth about $27,000. Leonteq Securities AG acquired a new position in shares of McEwen in the first quarter worth about $31,000. Parkside Financial Bank & Trust acquired a new position in shares of McEwen in the fourth quarter worth about $37,000. Banque Cantonale Vaudoise acquired a new position in shares of McEwen in the fourth quarter worth about $40,000. Finally, National Bank of Canada FI raised its position 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 worth $62,000 after acquiring an additional 3,528 shares during the period. Institutional investors and hedge funds own 17.03% of the company’s stock.

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.