GSA Capital Partners LLP acquired a new position in shares of McEwen Mining Inc. (NYSE:MUX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 30,067 shares of the company’s stock, valued at approximately $116,000.
A number of other large investors have also made changes to their positions in MUX. JPMorgan Chase & Co. raised its stake in shares of McEwen Mining by 15.1% in the first quarter. JPMorgan Chase & Co. now owns 3,245,258 shares of the company’s stock worth $6,101,000 after buying an additional 425,111 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of McEwen Mining by 332.3% in the first quarter. Renaissance Technologies LLC now owns 1,338,909 shares of the company’s stock worth $2,517,000 after buying an additional 1,029,209 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of McEwen Mining by 12.2% in the first quarter. Geode Capital Management LLC now owns 1,255,309 shares of the company’s stock worth $2,359,000 after buying an additional 136,964 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of McEwen Mining during the second quarter worth $4,801,000. Finally, California Public Employees Retirement System raised its stake in shares of McEwen Mining by 251.5% in the second quarter. California Public Employees Retirement System now owns 657,600 shares of the company’s stock worth $2,532,000 after buying an additional 470,500 shares in the last quarter. 26.04% of the stock is currently owned by institutional investors.
Shares of McEwen Mining Inc. (NYSE:MUX) traded down 3.882% on Wednesday, hitting $3.095. The company had a trading volume of 3,371,155 shares. The stock has a market cap of $925.25 million, a PE ratio of 103.167 and a beta of 0.20. McEwen Mining Inc. has a 12 month low of $0.79 and a 12 month high of $4.92. The company has a 50-day moving average of $3.88 and a 200 day moving average of $3.30.
Separately, Zacks Investment Research raised McEwen Mining from a “hold” rating to a “buy” rating and set a $4.75 price objective on the stock in a report on Thursday, July 28th.
In related news, Director Michele L. Ashby sold 10,000 shares of the stock in a transaction dated Tuesday, September 27th. The shares were sold at an average price of $3.45, for a total transaction of $34,500.00. Following the sale, the director now owns 42,500 shares in the company, valued at $146,625. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 26.60% of the company’s stock.
About McEwen Mining
McEwen Mining Inc is a mining and minerals exploration company. The Company is focused on precious and base metals in Argentina, Mexico and the United States. Its segments include Mexico, Argentina and the United States. It classifies its mineral properties into Production Properties, Advanced-Stage Properties and Exploration Properties.
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