McEwen Mining Inc. (MUX) Sets New 12-Month High at $4.74
McEwen Mining Inc. (NYSE:MUX) reached a new 52-week high during trading on Wednesday . The stock traded as high as $4.74 and last traded at $4.62, with a volume of 4,953,573 shares traded. The stock had previously closed at $4.41.
Several research firms recently commented on MUX. TheStreet upgraded shares of McEwen Mining from a “sell” rating to a “hold” rating in a research report on Tuesday, April 5th. Rodman & Renshaw boosted their price objective on shares of McEwen Mining from $1.30 to $2.40 in a research report on Monday, March 14th. Finally, Zacks Investment Research lowered shares of McEwen Mining from a “buy” rating to a “hold” rating in a research report on Thursday.
The stock’s market capitalization is $1.30 billion. The firm’s 50-day moving average is $3.11 and its 200 day moving average is $2.12.
In related news, President Colin Sutherland bought 15,166 shares of the company’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 directly owns 470,000 shares of the company’s stock, valued at $1,668,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO William Alexander Faust sold 150,000 shares of the stock in a transaction on Friday, June 17th. The stock was sold at an average price of $3.50, for a total value of $525,000.00. Following the completion of the sale, the chief operating officer now directly owns 150,400 shares in the company, valued at $526,400. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in McEwen Mining stock. Bank of Montreal Can raised its position in shares of McEwen Mining Inc. (NYSE:MUX) by 175.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 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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