McEwen Mining Inc. (MUX) Trading 4.7% Higher
McEwen Mining Inc. (NYSE:MUX) shares traded up 4.7% on Wednesday . The stock traded as high as $4.67 and last traded at $4.64, with a volume of 2,561,281 shares. The stock had previously closed at $4.43.
Several research analysts have recently weighed in on the company. Zacks Investment Research cut McEwen Mining from a “buy” rating to a “hold” rating in a report on Thursday, July 7th. TheStreet upgraded McEwen Mining from a “sell” rating to a “hold” rating in a report on Tuesday, April 5th.
The firm’s market cap is $1.40 billion. The company’s 50-day moving average price is $3.29 and its 200-day moving average price is $2.21.
In related 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 transaction, 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Colin Sutherland purchased 15,166 shares of the business’s stock in a transaction that occurred 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 acquisition, the president now directly owns 470,000 shares of the company’s stock, valued at $1,668,500. The disclosure for this purchase can be found here.
An institutional investor recently raised its position in McEwen Mining stock. Bank of Montreal Can boosted its stake in McEwen Mining Inc. (NYSE:MUX) by 175.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. 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 as of its most recent SEC filing.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.