Squarepoint Ops LLC cut its stake in McEwen Mining Inc (NYSE:MUX) (TSE:MUX) by 68.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,893 shares of the basic materials company’s stock after selling 155,206 shares during the period. Squarepoint Ops LLC’s holdings in McEwen Mining were worth $129,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Two Sigma Securities LLC raised its stake in shares of McEwen Mining by 151.3% in the fourth quarter. Two Sigma Securities LLC now owns 126,522 shares of the basic materials company’s stock worth $230,000 after acquiring an additional 76,173 shares during the last quarter. Two Sigma Investments LP bought a new position in shares of McEwen Mining in the fourth quarter worth about $168,000. Barclays PLC raised its stake in shares of McEwen Mining by 123.7% in the fourth quarter. Barclays PLC now owns 158,598 shares of the basic materials company’s stock worth $288,000 after acquiring an additional 87,705 shares during the last quarter. Geode Capital Management LLC grew its position in shares of McEwen Mining by 6.6% during the 4th quarter. Geode Capital Management LLC now owns 1,879,565 shares of the basic materials company’s stock worth $3,420,000 after buying an additional 116,048 shares during the period. Finally, PEAK6 Investments LLC acquired a new stake in shares of McEwen Mining during the 4th quarter worth approximately $30,000. 27.06% of the stock is owned by institutional investors.

Several equities research analysts have recently commented on MUX shares. ValuEngine upgraded shares of McEwen Mining from a “hold” rating to a “buy” rating in a research report on Wednesday, January 2nd. Cantor Fitzgerald upgraded shares of McEwen Mining from a “hold” rating to a “buy” rating in a research report on Tuesday, April 2nd. HC Wainwright set a $4.00 price target on shares of McEwen Mining and gave the stock a “buy” rating in a research report on Wednesday, January 16th. Finally, Zacks Investment Research cut shares of McEwen Mining from a “hold” rating to a “sell” rating in a research report on Wednesday, February 27th. One equities research analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $4.00.

Shares of NYSE:MUX opened at $1.39 on Friday. McEwen Mining Inc has a one year low of $1.34 and a one year high of $2.52. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.04 and a current ratio of 1.65.

McEwen Mining (NYSE:MUX) (TSE:MUX) last issued its quarterly earnings results on Thursday, February 21st. The basic materials company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02). McEwen Mining had a negative return on equity of 8.53% and a negative net margin of 35.32%. The business had revenue of $26.46 million for the quarter, compared to analyst estimates of $18.03 million. As a group, research analysts forecast that McEwen Mining Inc will post -0.04 EPS for the current year.

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McEwen Mining Profile

McEwen Mining, Inc is a mining and minerals production and exploration company, which focuses on base metals in Argentina, Mexico and the United States. It operates through the following geographical segments: Mexico, MSC, Nevada, Los Azules, Canada and Other. The company was founded on July 24, 1979 and is headquartered in Toronto, Canada.

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Institutional Ownership by Quarter for McEwen Mining (NYSE:MUX)

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