47,500 Shares in McEwen Inc. $MUX Bought by Winmill & CO. Inc.

Winmill & CO. Inc. acquired a new position in shares of McEwen Inc. (NYSE:MUX) (TSE:MUX) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 47,500 shares of the basic materials company’s stock, valued at approximately $879,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State Street Corp grew its stake in McEwen by 24.4% in the fourth quarter. State Street Corp now owns 2,190,605 shares of the basic materials company’s stock valued at $40,548,000 after acquiring an additional 429,761 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in McEwen by 38.2% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,959,913 shares of the basic materials company’s stock valued at $33,515,000 after acquiring an additional 541,890 shares during the period. Dimensional Fund Advisors LP grew its stake in McEwen by 1.2% in the third quarter. Dimensional Fund Advisors LP now owns 1,285,603 shares of the basic materials company’s stock valued at $21,982,000 after acquiring an additional 15,439 shares during the period. BNP Paribas Financial Markets grew its stake in McEwen by 56.3% in the fourth quarter. BNP Paribas Financial Markets now owns 1,001,596 shares of the basic materials company’s stock valued at $18,540,000 after acquiring an additional 360,857 shares during the period. Finally, Vanguard Group Inc. grew its stake in McEwen by 3.1% in the third quarter. Vanguard Group Inc. now owns 884,347 shares of the basic materials company’s stock valued at $15,122,000 after acquiring an additional 26,846 shares during the period. 17.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. HC Wainwright boosted their target price on McEwen from $21.50 to $29.50 and gave the company a “buy” rating in a research note on Wednesday, March 18th. Wall Street Zen cut McEwen from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Weiss Ratings cut McEwen from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 2nd. Zacks Research raised McEwen from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. Finally, Roth Mkm upped their price objective on McEwen from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, March 18th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, McEwen currently has a consensus rating of “Moderate Buy” and an average price target of $29.83.

McEwen Stock Up 0.2%

MUX stock opened at $18.95 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.14 and a quick ratio of 0.81. The stock has a market capitalization of $1.13 billion, a P/E ratio of 16.06 and a beta of 1.18. The business has a 50-day moving average of $22.27 and a 200-day moving average of $22.26. McEwen Inc. has a fifty-two week low of $8.95 and a fifty-two week high of $29.70.

McEwen (NYSE:MUX) (TSE:MUX) last released its earnings results on Thursday, March 12th. The basic materials company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.41. McEwen had a return on equity of 13.65% and a net margin of 31.40%.The business had revenue of $64.60 million for the quarter, compared to analyst estimates of $72.83 million. On average, sell-side analysts anticipate that McEwen Inc. will post 1.01 earnings per share for the current fiscal year.

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.