McEwen Mining Inc. (NYSE:MUX) (TSE:MUX) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Saturday.

MUX has been the topic of several other research reports. Zacks Investment Research downgraded McEwen Mining from a “hold” rating to a “sell” rating in a research report on Friday, July 21st. TheStreet raised McEwen Mining from a “d+” rating to a “c” rating in a research report on Friday, June 16th. ValuEngine downgraded McEwen Mining from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. Finally, HC Wainwright restated a “buy” rating and set a $5.00 price objective on shares of McEwen Mining in a report on Tuesday, July 18th. Three analysts have rated the stock with a sell rating and one has assigned a buy rating to the company. McEwen Mining currently has a consensus rating of “Hold” and an average target price of $4.25.

Shares of McEwen Mining (NYSE:MUX) opened at 2.39 on Friday. The company has a 50-day moving average price of $2.55 and a 200-day moving average price of $3.03. The stock’s market cap is $746.34 million. McEwen Mining has a 52 week low of $2.15 and a 52 week high of $4.81.

TRADEMARK VIOLATION WARNING: “McEwen Mining Inc. (NYSE:MUX) Upgraded to “Sell” at BidaskClub” was first reported by Watch List News and is the sole property of of Watch List News. If you are viewing this piece on another domain, it was copied illegally and reposted in violation of international copyright & trademark laws. The legal version of this piece can be accessed at https://www.watchlistnews.com/mcewen-mining-inc-nysemux-upgraded-to-sell-at-bidaskclub/1477699.html.

A number of institutional investors have recently bought and sold shares of the stock. Level Four Advisory Services LLC boosted its position in McEwen Mining by 0.3% in the first quarter. Level Four Advisory Services LLC now owns 39,260 shares of the basic materials company’s stock worth $126,000 after buying an additional 100 shares during the last quarter. UBS Group AG boosted its position in McEwen Mining by 0.4% in the first quarter. UBS Group AG now owns 96,369 shares of the basic materials company’s stock worth $293,000 after buying an additional 351 shares during the last quarter. Profund Advisors LLC boosted its position in McEwen Mining by 0.9% in the second quarter. Profund Advisors LLC now owns 39,122 shares of the basic materials company’s stock worth $103,000 after buying an additional 366 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in McEwen Mining by 1.4% in the first quarter. Parametric Portfolio Associates LLC now owns 42,368 shares of the basic materials company’s stock worth $129,000 after buying an additional 589 shares during the last quarter. Finally, Suntrust Banks Inc. boosted its position in McEwen Mining by 2.7% in the first quarter. Suntrust Banks Inc. now owns 35,564 shares of the basic materials company’s stock worth $108,000 after buying an additional 946 shares during the last quarter. Institutional investors own 31.82% of the company’s stock.

McEwen Mining Company Profile

McEwen Mining Inc is a mining and minerals production and exploration company. The Company is focused on precious and base metals in Argentina, Mexico and the United States. The Company’s segments include Mexico, Minera Santa Cruz SA (MSC), Nevada and Los Azules. The Mexico Operations segment includes properties, such as El Gallo 1 mine and the El Gallo 2 project.

Receive News & Ratings for McEwen Mining Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McEwen Mining Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.