GSA Capital Partners LLP Decreases Holdings in McEwen Inc. $MUX

GSA Capital Partners LLP trimmed its position in shares of McEwen Inc. (NYSE:MUX) (TSE:MUX) by 59.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 82,502 shares of the basic materials company’s stock after selling 118,480 shares during the quarter. GSA Capital Partners LLP’s holdings in McEwen were worth $1,411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Everstar Asset Management LLC boosted its position in shares of McEwen by 4.3% in the second quarter. Everstar Asset Management LLC now owns 28,988 shares of the basic materials company’s stock worth $279,000 after purchasing an additional 1,188 shares during the period. Geode Capital Management LLC lifted its stake in shares of McEwen by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 509,426 shares of the basic materials company’s stock valued at $4,897,000 after buying an additional 1,585 shares in the last quarter. CoreCap Advisors LLC purchased a new stake in McEwen in the 3rd quarter worth $27,000. Inceptionr LLC raised its holdings in McEwen by 21.7% during the second quarter. Inceptionr LLC now owns 19,496 shares of the basic materials company’s stock valued at $187,000 after acquiring an additional 3,480 shares during the period. Finally, Y Intercept Hong Kong Ltd lifted its position in shares of McEwen by 6.8% in the third quarter. Y Intercept Hong Kong Ltd now owns 105,341 shares of the basic materials company’s stock valued at $1,801,000 after acquiring an additional 6,746 shares in the last quarter. Institutional investors own 17.03% of the company’s stock.

McEwen Stock Performance

NYSE MUX opened at $24.06 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.10 and a quick ratio of 1.58. McEwen Inc. has a 1-year low of $6.38 and a 1-year high of $29.70. The business has a 50 day simple moving average of $22.42 and a two-hundred day simple moving average of $18.08. The stock has a market capitalization of $1.31 billion, a PE ratio of -109.36 and a beta of 1.13.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on MUX shares. Roth Mkm reiterated a “buy” rating and set a $30.00 target price (up previously from $23.00) on shares of McEwen in a research report on Friday, January 30th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of McEwen in a report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, McEwen has a consensus rating of “Moderate Buy” and a consensus price target of $25.50.

McEwen Company Profile

McEwen Mining Inc (NYSE: MUX) is a Canada-based precious metals company focused on the exploration, development and production of gold, silver and copper. Headquartered in Toronto, the company pursues a diversified portfolio of assets across the Americas, with operations and projects spanning Argentina, Mexico, Canada and the United States. McEwen Mining employs an integrated approach that combines in-house technical expertise with strategic partnerships to advance its assets from resource definition through to commercial production.

The company’s flagship producing asset is the San José mine in Argentina, a high-grade silver-gold operation.