Fox Run Management L.L.C. Makes New $248,000 Investment in McEwen Mining Inc (NYSE:MUX)

Market Beat
2025.03.29 08:27
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Fox Run Management L.L.C. has made a new investment of $248,000 in McEwen Mining Inc (NYSE:MUX), acquiring 31,857 shares in the 4th quarter. This investment represents approximately 0.06% ownership in the company. Other hedge funds have also increased their stakes in McEwen Mining, which has a market capitalization of $433.26 million. The stock is currently trading at $8.03, with a PE ratio of 3.67. Analysts have mixed ratings on the stock, with price targets ranging from $12.50 to $18.00.

Fox Run Management L.L.C. purchased a new position in McEwen Mining Inc (NYSE:MUX - Free Report) TSE: MUX in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 31,857 shares of the basic materials company's stock, valued at approximately $248,000. Fox Run Management L.L.C. owned approximately 0.06% of McEwen Mining at the end of the most recent reporting period.

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A number of other hedge funds also recently modified their holdings of MUX. U S Global Investors Inc. bought a new stake in McEwen Mining during the 4th quarter worth approximately $2,557,000. Empowered Funds LLC bought a new stake in shares of McEwen Mining during the fourth quarter worth $788,000. Paloma Partners Management Co acquired a new stake in shares of McEwen Mining during the third quarter worth $327,000. Point72 Asset Management L.P. bought a new stake in McEwen Mining in the 3rd quarter valued at $267,000. Finally, Geode Capital Management LLC boosted its stake in McEwen Mining by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 471,119 shares of the basic materials company's stock worth $4,383,000 after purchasing an additional 25,844 shares during the period. Institutional investors and hedge funds own 17.03% of the company's stock.

McEwen Mining Trading Up 2.1 %

Shares of NYSE:MUX opened at $8.03 on Friday. The company's 50-day moving average price is $7.72 and its two-hundred day moving average price is $8.52. McEwen Mining Inc has a one year low of $6.46 and a one year high of $12.50. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.17 and a quick ratio of 0.74. The stock has a market capitalization of $433.26 million, a PE ratio of 3.67 and a beta of 1.39.

McEwen Mining (NYSE:MUX - Get Free Report) TSE: MUX last released its earnings results on Friday, March 14th. The basic materials company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.02). The company had revenue of $33.52 million for the quarter, compared to the consensus estimate of $32.20 million. McEwen Mining had a return on equity of 20.77% and a net margin of 51.31%. On average, equities analysts forecast that McEwen Mining Inc will post -0.72 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on MUX shares. StockNews.com downgraded McEwen Mining from a "hold" rating to a "sell" rating in a research note on Wednesday, February 19th. Roth Mkm dropped their target price on McEwen Mining from $13.00 to $12.50 and set a "buy" rating on the stock in a research report on Friday, March 21st. Finally, HC Wainwright reaffirmed a "buy" rating and set a $18.00 price target on shares of McEwen Mining in a research note on Wednesday, March 19th.

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McEwen Mining Company Profile

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McEwen Mining Inc engages in the exploration, development, production, and sale of gold and silver. It also explores for copper deposits. The company owns 100% interests in the El Gallo and Fenix projects located in Mexico; and the Black Fox Mine and Stock Mill, Grey Fox, and Froome and Tamarack properties in Canada.

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Want to see what other hedge funds are holding MUX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McEwen Mining Inc (NYSE:MUX - Free Report) TSE: MUX.

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