Roth Mkm Cuts McEwen Mining (NYSE:MUX) Price Target to $12.50

McEwen Mining (NYSE:MUX) (TSE:MUX) had its price objective cut by Roth Mkm from $13.00 to $12.50 in a report published on Friday morning,Benzinga reports. They currently have a buy rating on the basic materials company’s stock.

A number of other analysts have also recently weighed in on the stock. StockNews.com cut shares of McEwen Mining from a “hold” rating to a “sell” rating in a report on Wednesday, February 19th. HC Wainwright restated a “buy” rating and issued a $18.00 target price on shares of McEwen Mining in a research report on Wednesday, March 19th.

McEwen Mining Price Performance

Shares of MUX stock opened at $7.66 on Friday. The firm has a market cap of $412.87 million, a P/E ratio of 3.50 and a beta of 1.39. The firm has a fifty day moving average of $7.75 and a two-hundred day moving average of $8.54. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.17 and a quick ratio of 0.74. McEwen Mining has a 1-year low of $6.46 and a 1-year high of $12.50.

McEwen Mining (NYSE:MUX) (TSE:MUX) last announced its quarterly earnings data on Friday, March 14th. The basic materials company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.02). McEwen Mining had a return on equity of 20.77% and a net margin of 51.31%. The firm had revenue of $33.52 million for the quarter, compared to the consensus estimate of $32.20 million. As a group, research analysts anticipate that McEwen Mining will post -0.72 earnings per share for the current fiscal year.

Institutional Investors Weigh In On McEwen Mining

A number of institutional investors and hedge funds have recently bought and sold shares of MUX. New Age Alpha Advisors LLC bought a new stake in shares of McEwen Mining in the 4th quarter worth approximately $38,000. Quarry LP acquired a new position in McEwen Mining in the third quarter worth approximately $51,000. Aquatic Capital Management LLC increased its holdings in shares of McEwen Mining by 357.9% in the fourth quarter. Aquatic Capital Management LLC now owns 7,327 shares of the basic materials company’s stock valued at $57,000 after buying an additional 5,727 shares in the last quarter. Total Wealth Planning & Management Inc. acquired a new stake in shares of McEwen Mining during the 4th quarter valued at $96,000. Finally, Private Advisor Group LLC boosted its stake in shares of McEwen Mining by 18.8% during the 4th quarter. Private Advisor Group LLC now owns 12,645 shares of the basic materials company’s stock worth $98,000 after acquiring an additional 2,000 shares in the last quarter. 17.03% of the stock is owned by institutional investors and hedge funds.

McEwen Mining Company Profile

McEwen Mining Inc engages in the exploration, development, production, and sale of gold and silver. It also explores for copper deposits. The company owns 100% interests in the El Gallo and Fenix projects located in Mexico; and the Black Fox Mine and Stock Mill, Grey Fox, and Froome and Tamarack properties in Canada.