Royce & Associates LP Has $1.27 Million Position in McEwen Mining Inc. (MUX)
Royce & Associates LP increased its position in shares of McEwen Mining Inc. (NYSE:MUX) (TSE:MUX) by 19.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 480,800 shares of the basic materials company’s stock after buying an additional 78,000 shares during the period. Royce & Associates LP owned about 0.15% of McEwen Mining worth $1,265,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in MUX. Suntrust Banks Inc. increased its stake in McEwen Mining by 2.7% during the 1st quarter. Suntrust Banks Inc. now owns 35,564 shares of the basic materials company’s stock worth $108,000 after buying an additional 946 shares during the period. Karp Capital Management Corp purchased a new stake in McEwen Mining during the 1st quarter worth $110,000. Two Sigma Securities LLC purchased a new stake in McEwen Mining during the 1st quarter worth $125,000. Level Four Advisory Services LLC increased its stake in McEwen Mining by 0.3% during the 1st quarter. Level Four Advisory Services LLC now owns 39,260 shares of the basic materials company’s stock worth $126,000 after buying an additional 100 shares during the period. Finally, Parametric Portfolio Associates LLC increased its stake in McEwen Mining by 1.4% during the 1st quarter. Parametric Portfolio Associates LLC now owns 42,368 shares of the basic materials company’s stock worth $129,000 after buying an additional 589 shares during the period. 29.31% of the stock is currently owned by hedge funds and other institutional investors.
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Several equities research analysts recently issued reports on MUX shares. HC Wainwright reaffirmed a “buy” rating and set a $5.00 price target on shares of McEwen Mining in a research note on Tuesday, July 18th. BidaskClub raised shares of McEwen Mining from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 12th. Zacks Investment Research raised shares of McEwen Mining from a “sell” rating to a “hold” rating in a research note on Tuesday. TheStreet raised shares of McEwen Mining from a “d+” rating to a “c” rating in a research note on Friday, June 16th. Finally, ValuEngine lowered shares of McEwen Mining from a “hold” rating to a “sell” rating in a report on Tuesday, June 13th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $4.25.
McEwen Mining Inc. (NYSE MUX) opened at 2.58 on Friday. McEwen Mining Inc. has a one year low of $2.15 and a one year high of $4.43. The firm’s 50-day moving average is $2.48 and its 200 day moving average is $2.77. The firm’s market capitalization is $805.67 million.
The company also recently disclosed a special dividend, which was paid on Thursday, August 17th. Stockholders of record on Friday, August 4th were paid a $0.005 dividend. The ex-dividend date was Wednesday, August 2nd. McEwen Mining’s payout ratio is -50.00%.
McEwen Mining Company Profile
McEwen Mining Inc is a mining and minerals production and exploration company. The Company is focused on precious and base metals in Argentina, Mexico and the United States. The Company’s segments include Mexico, Minera Santa Cruz SA (MSC), Nevada and Los Azules. The Mexico Operations segment includes properties, such as El Gallo 1 mine and the El Gallo 2 project.
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