42,599 Shares in McEwen Inc. $MUX Bought by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC purchased a new stake in McEwen Inc. (NYSE:MUX) (TSE:MUX) during the 2nd quarter, Holdings Channel reports. The firm purchased 42,599 shares of the basic materials company’s stock, valued at approximately $772,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. KBC Group NV acquired a new position in shares of McEwen during the 1st quarter worth about $27,000. Leonteq Securities AG acquired a new stake in shares of McEwen in the first quarter valued at about $31,000. Parkside Financial Bank & Trust bought a new stake in McEwen during the fourth quarter worth about $37,000. Banque Cantonale Vaudoise acquired a new position in McEwen during the fourth quarter valued at approximately $40,000. Finally, National Bank of Canada FI boosted its position 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 valued at $62,000 after purchasing an additional 3,528 shares during the last quarter. 17.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on MUX shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of McEwen in a research report on Friday, August 28th. Roth Capital set a $31.00 price objective on McEwen and gave the company a “buy” rating in a report on Monday, August 10th. Zacks Research downgraded shares of McEwen from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 5th. HC Wainwright reaffirmed a “buy” rating and set a $28.00 price target (down from $29.50) on shares of McEwen in a research report on Friday, August 7th. Finally, Wall Street Zen cut shares of McEwen from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $28.00.

Insiders Place Their Bets

In related news, Director Richard W. Brissenden sold 3,275 shares of the stock in a transaction on Monday, June 29th. The stock was sold at an average price of $18.13, for a total value of $59,375.75. Following the sale, the director owned 18,022 shares in the company, valued at approximately $326,738.86. This represents a 15.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 14.80% of the company’s stock.

McEwen Price Performance

Shares of NYSE MUX opened at $20.15 on Thursday. The business’s 50 day moving average price is $18.58 and its two-hundred day moving average price is $21.09. The company has a market cap of $1.24 billion, a PE ratio of 15.99 and a beta of 1.26. The company has a quick ratio of 1.61, a current ratio of 2.04 and a debt-to-equity ratio of 0.17. McEwen Inc. has a twelve month low of $13.05 and a twelve month high of $29.70.

McEwen (NYSE:MUX) (TSE:MUX) last released its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). McEwen had a net margin of 32.46% and a return on equity of 13.48%. The business had revenue of $59.23 million during the quarter, compared to analyst estimates of $65.51 million. On average, analysts predict that McEwen Inc. will post 0.8 EPS for the current year.

McEwen 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.