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Tuesday, April 11, 2023 1:01:24 PM
I'm calling it the 400 day moving average Haha
Yes we can still catch that "midnight special' most afterhours and pre market
McEwen Mining (NYSE:MUX) Share Price Crosses Above Two Hundred Day Moving Average of $5.70
Posted by AM Reporter Staff on Apr 7th, 2023
McEwen Mining logoMcEwen Mining Inc (NYSE:MUX – Get Rating) (TSE:MUX) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.70 and traded as high as $9.16. McEwen Mining shares last traded at $9.09, with a volume of 445,964 shares trading hands.
Analyst Upgrades and Downgrades
Separately, HC Wainwright increased their price target on shares of McEwen Mining from $10.25 to $10.75 and gave the company a “buy” rating in a research report on Wednesday, March 15th.
McEwen Mining Price Performance
The company has a quick ratio of 0.59, a current ratio of 0.97 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $431.14 million, a P/E ratio of -5.48 and a beta of 1.28. The business’s 50-day simple moving average is $7.06 and its 200 day simple moving average is $5.70.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in MUX. Renaissance Technologies LLC grew its holdings in shares of McEwen Mining by 428.2% in the first quarter. Renaissance Technologies LLC now owns 1,421,300 shares of the basic materials company’s stock worth $1,196,000 after purchasing an additional 1,152,200 shares during the last quarter. BlackRock Inc. grew its holdings in shares of McEwen Mining by 11.1% in the first quarter. BlackRock Inc. now owns 9,331,628 shares of the basic materials company’s stock worth $7,854,000 after purchasing an additional 930,532 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of McEwen Mining by 136.3% in the fourth quarter. Jane Street Group LLC now owns 624,140 shares of the basic materials company’s stock worth $3,657,000 after purchasing an additional 360,063 shares during the last quarter. Claraphi Advisory Network LLC bought a new stake in McEwen Mining in the fourth quarter valued at $1,205,000. Finally, Goldman Sachs Group Inc. boosted its holdings in McEwen Mining by 42.7% in the first quarter. Goldman Sachs Group Inc. now owns 657,626 shares of the basic materials company’s stock valued at $554,000 after acquiring an additional 196,820 shares in the last quarter. Institutional investors own 19.39% of the company’s stock.
About McEwen Mining
(Get Rating)
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.
Further Reading
Get a free copy of the StockNews.com research report on McEwen Mining (MUX)
https://reporter.am/2023/04/07/mcewen-mining-nysemux-share-price-crosses-above-two-hundred-day-moving-average-of-5-70.html
![Bullish](/static/images/ih2-bull.png)
Recent MUX News
- McEwen Copper Announces $70 Million Financing to Advance the Los Azules Copper Project • GlobeNewswire Inc. • 06/24/2024 09:36:01 PM
- Fox Complex: Extending Mine Life; A New Mine at the Stock Property; Exploration Has Driven the Prospect of Earlier Cash Flow • GlobeNewswire Inc. • 06/20/2024 08:00:00 PM
- McEwen Mining Announces Closing of Flow-Through Financing • GlobeNewswire Inc. • 06/14/2024 12:47:32 PM
- IBN Announces Latest Episode of The MiningNewsWire Podcast featuring Rob McEwen, Chairman and Chief Owner of McEwen Mining Inc. • GlobeNewswire Inc. • 06/13/2024 12:00:00 PM
- McEwen Mining Announces Flow-Through Financing at $14.36 (Cdn$19.59) per Share a 19% Premium to Market • GlobeNewswire Inc. • 05/29/2024 02:52:49 AM
- McEwen Mining: Grey Fox Exploration Update Extending the Production Pipeline: Good Grades Near Surface, Potential at Depth • GlobeNewswire Inc. • 05/27/2024 11:00:00 AM
- Form S-4 - Registration of securities, business combinations • Edgar (US Regulatory) • 05/22/2024 09:23:55 PM
- McEwen Copper Announces Completion of the Feasibility Drilling Program • GlobeNewswire Inc. • 05/16/2024 05:30:40 PM
- McEwen Mining: Q1 2024 Results • GlobeNewswire Inc. • 05/08/2024 08:25:33 PM
- McEwen Mining Q1 2024 Results Conference Call • GlobeNewswire Inc. • 05/06/2024 03:14:03 PM
- McEwen Mining Announces Friendly Acquisition of Timberline Resources • GlobeNewswire Inc. • 04/16/2024 04:31:59 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/01/2024 02:29:09 PM
- McEwen Mining: 2023 Year End and Q4 Results • GlobeNewswire Inc. • 03/01/2024 02:29:28 AM
- McEwen Mining 2023 Results Conference Call • GlobeNewswire Inc. • 02/28/2024 06:57:19 PM
- McEwen Mining: Stock Exploration Update • GlobeNewswire Inc. • 02/28/2024 12:00:00 PM
- McEwen Copper: Update on Assay Results at Los Azules • GlobeNewswire Inc. • 02/26/2024 03:00:00 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 02/22/2024 09:15:34 PM
- McEwen Copper Reports Improved Copper Recovery • GlobeNewswire Inc. • 02/22/2024 06:24:48 PM
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