McEwen Mining Inc. (MUX) Stock Price Down 2.4%
Shares of McEwen Mining Inc. (NYSE:MUX) were down 2.4% during trading on Thursday . The company traded as low as $4.23 and last traded at $4.52, with a volume of 4,281,427 shares. The stock had previously closed at $4.63.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of McEwen Mining from a “hold” rating to a “buy” rating and set a $2.00 price objective on the stock in a report on Friday, March 18th. Rodman & Renshaw raised their price objective on shares of McEwen Mining from $1.30 to $2.40 in a report on Monday, March 14th. Finally, TheStreet raised shares of McEwen Mining from a “sell” rating to a “hold” rating in a report on Tuesday, April 5th.
The firm’s market cap is $1.30 billion. The stock has a 50-day moving average price of $3.11 and a 200-day moving average price of $2.12.
In other McEwen Mining news, COO William Alexander Faust sold 150,000 shares of the stock in a transaction dated Friday, June 17th. The shares were sold at an average price of $3.50, for a total transaction of $525,000.00. Following the completion of the sale, the chief operating officer now directly owns 150,400 shares of the company’s stock, valued at $526,400. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Colin Sutherland purchased 15,166 shares of the firm’s stock in a transaction on Tuesday, June 28th. The shares were purchased at an average cost of $3.55 per share, with a total value of $53,839.30. Following the completion of the transaction, the president now owns 470,000 shares of the company’s stock, valued at approximately $1,668,500. The disclosure for this purchase can be found here.
A hedge fund recently raised its stake in McEwen Mining stock. Bank of Montreal Can increased its stake in shares of McEwen Mining Inc. (NYSE:MUX) by 175.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,049,958 shares of the company’s stock after buying an additional 668,399 shares during the period. Bank of Montreal Can owned approximately 0.35% of McEwen Mining worth $1,113,000 at the end of the most recent reporting period.
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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