Rothschild Wealth LLC Makes New $1.66 Million Investment in McEwen Inc. $MUX

Rothschild Wealth LLC purchased a new position in shares of McEwen Inc. (NYSE:MUX) (TSE:MUX) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 89,470 shares of the basic materials company’s stock, valued at approximately $1,656,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust acquired a new position in McEwen during the 4th quarter worth approximately $37,000. Banque Cantonale Vaudoise acquired a new position in McEwen during the 4th quarter worth approximately $40,000. National Bank of Canada FI grew its holdings in McEwen by 3,328.3% during the 3rd 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 in the last quarter. Wells Fargo & Company MN grew its holdings in McEwen by 330.7% during the 4th quarter. Wells Fargo & Company MN now owns 4,105 shares of the basic materials company’s stock worth $76,000 after acquiring an additional 3,152 shares in the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in McEwen during the 4th quarter worth approximately $93,000. Institutional investors and hedge funds own 17.03% of the company’s stock.

McEwen Stock Up 1.1%

MUX opened at $20.33 on Wednesday. The business’s 50-day simple moving average is $22.22 and its 200-day simple moving average is $22.29. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.81 and a current ratio of 1.14. McEwen Inc. has a one year low of $8.95 and a one year high of $29.70. The stock has a market capitalization of $1.21 billion, a P/E ratio of 17.22 and a beta of 1.17.

Analyst Upgrades and Downgrades

MUX has been the subject of several analyst reports. Roth Mkm boosted their price target on shares of McEwen from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, March 18th. HC Wainwright boosted their price target on shares of McEwen from $21.50 to $29.50 and gave the stock a “buy” rating in a report on Wednesday, March 18th. Weiss Ratings cut shares of McEwen from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 2nd. Wall Street Zen cut shares of McEwen from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Finally, Zacks Research upgraded shares of McEwen from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, McEwen has an average rating of “Moderate Buy” and a consensus target price of $29.83.

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.