$MUX Closes in on 200 day moving average $10.06 again 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)
$MUX McEwen Copper: Los Azules – Latest Assay Results
July 12, 2023 Download this Press Release PDF Format (opens in new window)
Significant Intercept 398 m of 0.75% Cu , including 124 m of 1.43% Cu (Hole AZ23220)
TORONTO, July 12, 2023 (GLOBE NEWSWIRE) -- McEwen Copper Inc., 52% owned by McEwen Mining Inc. (NYSE: MUX) (TSX: MUX), today reports additional copper values over wide intercepts resulting from drilling performed on its Los Azules project, located in San Juan, Argentina. McEwen Copper recently published an updated Preliminary Economic Assessment (PEA) on a copper leaching phase of development (see release dated June 20, 2023). Infill and other resource drilling completed since the PEA model data cut-off date confirm very good alignment of new assay results to the resource model prediction for the same area. Also, copper grade continuity modeled in the core of the deposit is well-supported by core logging and new assay results. Los Azules is a large copper-gold-silver porphyry deposit with growth potential, it has many features comparable to world-class copper-gold deposits in South America and its depth and lateral extent have not yet been determined. Infill drilling serves several purposes: providing better data density to upgrade confidence in the mineral resources, providing material and data for metallurgical, geotechnical, and hydrological studies.
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