Should You Buy McEwen Mining Inc. (NYSE:MUX) On Current Analyst Views?

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Other institutional investors also recently added to or reduced their stakes in the company. Smith Affiliated Capital Corp. now owns 40,000 shares of the basic materials company's stock valued at $122,000 after buying an additional 10,500 shares during the period. Suntrust Banks Inc. raised its position in shares of McEwen Mining by 2.7% in the first quarter. Year to Date performance value (YTD perf) value is -11.68%. Finally, Guggenheim Capital LLC boosted its position in McEwen Mining by 58.0% in the fourth quarter.

The Toronto-based company said it had a loss of 1 cent per share. Global X Management Co. Karp Capital Management Corp bought a new position in McEwen Mining during the first quarter valued at approximately $110,000. 2,922,299 shares of the company's stock were exchanged. Shareholders of record on Friday, August 4th will be paid a dividend of 0.005 per share by the basic materials company on Thursday, August 17th. Comparatively, 47.9% of Pretium Resources shares are owned by institutional investors. McEwen Mining Inc (NYSE:MUX) has risen 12.45% since August 4, 2016 and is uptrending. (MUX) traded up 0.40% during trading on Thursday, hitting $2.52. (NYSE:MUX) was up +1.20% during the last trading session, with a day high of 2.56.

The stock's 50 day moving average is 2.61 and its 200 day moving average is 3.10. McEwen Mining Inc. The stock has a market cap of $782.80 million, a PE ratio of 147.65 and a beta of -1.25.

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TRADEMARK VIOLATION WARNING: This piece of content was originally reported by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of United States & global copyright law. The original version of this piece can be accessed at https://stocknewstimes.com/2017/08/01/mcewen-mining-inc-nysemux-stake-boosted-by-bank-of-new-york-mellon-corp.html. Three analysts have rated the stock with a sell rating and one has issued a buy rating to the company's stock.

More important recent McEwen Mining Inc (NYSE:MUX) news were published by: Globenewswire.com which released: "McEwen Mining Announces Q2 2017 Operating & Financial Results" on August 02, 2017, also Nasdaq.com published article titled: "McEwen Mining Reports Q2 2017 Production Results", Fool.com published: "The Simple Reason Behind McEwen Mining Inc.'s 13% Tumble in February" on March 08, 2017. Given McEwen Mining's stronger consensus rating and higher probable upside, research analysts clearly believe McEwen Mining is more favorable than Pretium Resources. TheStreet cut McEwen Mining from a "c" rating to a "d+" rating in a research note on Monday, May 8th. Finally, BidaskClub downgraded shares of McEwen Mining from a "sell" rating to a "strong sell" rating in a report on Thursday, July 6th. McEwen Mining now has a consensus rating of "Hold" and an average price target of $4.25.

H.C. Wainwright began new coverage on McEwen Mining Inc. giving the company a " rating.

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