The GraveYard Shift

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$MUX Jump Financial LLC Sells 21,877 Shares of McEwen Mining Inc (NYSE:MUX)
Posted by AM Reporter Staff on Feb 17th, 2024
with MMGYS Soundtrack

Jump Financial LLC lessened its holdings in shares of McEwen Mining Inc (NYSE:MUX – Free Report) (TSE:MUX) by 42.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,243 shares of the basic materials company’s stock after selling 21,877 shares during the quarter. Jump Financial LLC owned approximately 0.06% of McEwen Mining worth $190,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of MUX. UBS Group AG increased its position in McEwen Mining by 37.3% during the second quarter. UBS Group AG now owns 83,005 shares of the basic materials company’s stock worth $36,000 after buying an additional 22,541 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of McEwen Mining by 968.2% in the second quarter. Tower Research Capital LLC TRC now owns 5,950 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 5,393 shares during the last quarter. Citigroup Inc. acquired a new position in shares of McEwen Mining in the second quarter valued at approximately $45,000. Jane Street Group LLC grew its position in shares of McEwen Mining by 47.1% in the second quarter. Jane Street Group LLC now owns 121,791 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 38,985 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of McEwen Mining by 221.4% in the first quarter. Bank of America Corp DE now owns 7,544 shares of the basic materials company’s stock valued at $64,000 after purchasing an additional 5,197 shares during the last quarter. Institutional investors and hedge funds own 19.63% of the company’s stock.

other news

Feb 15, 2024 #Copper #Gold #Investing

Rob McEwen of McEwen Mining and Michael Meding of McEwen Copper discuss their respective companies and share their thoughts on gold and copper in the year ahead. For McEwen, the price trajectory for both metals is "higher."

He also spoke about the disconnect between the gold price and gold stocks, commenting, "I find this is time to be buying, and I have been buying juniors and adding to positions in companies. You just need to bear in mind it's cyclical, and when it wants to run there are some very attractive gains to be made — and the stocks are cheap right now."

This interview was filmed on February 8, 2024.

#Investing #Gold #Copper

0:00 - Intro
0:32 - Gold's main price drivers in 2024
2:33 - Gold juniors are cheap and set to run
4:07 - Javier Milei and Argentina mining
8:26 - Raising $100 million for Los Azules
11:08 - Will McEwen Copper do an IPO?
13:08 - Copper outlook, 2024 and beyond
16:43 - McEwen Mining meets guidance
20:26 - Now is the time to be contrarian
21:29 - Outro