Winmill & CO. Inc. Acquires Shares of 47,500 McEwen Inc. $MUX

Winmill & CO. Inc. acquired a new stake in McEwen Inc. (NYSE:MUX) (TSE:MUX) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 47,500 shares of the basic materials company’s stock, valued at approximately $879,000. Winmill & CO. Inc. owned about 0.09% of McEwen as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of MUX. Royal Bank of Canada raised its position in McEwen by 4,309.4% in the 1st quarter. Royal Bank of Canada now owns 638,871 shares of the basic materials company’s stock valued at $4,823,000 after purchasing an additional 624,382 shares during the last quarter. Goldman Sachs Group Inc. raised its position in McEwen by 44.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 63,768 shares of the basic materials company’s stock valued at $481,000 after purchasing an additional 19,548 shares during the last quarter. Empowered Funds LLC raised its position in McEwen by 105.4% in the 1st quarter. Empowered Funds LLC now owns 208,100 shares of the basic materials company’s stock valued at $1,571,000 after purchasing an additional 106,800 shares during the last quarter. Geode Capital Management LLC raised its position in McEwen by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 509,426 shares of the basic materials company’s stock valued at $4,897,000 after purchasing an additional 1,585 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in McEwen by 92.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 198,771 shares of the basic materials company’s stock valued at $1,910,000 after purchasing an additional 95,488 shares during the last quarter. Institutional investors own 17.03% of the company’s stock.

McEwen Trading Up 0.2%

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

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

Wall Street Analysts Forecast Growth

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

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.