McEwen Mining Inc. (MUX) Stock Price Down 1.7%
McEwen Mining Inc. (NYSE:MUX) was down 1.7% on Thursday . The company traded as low as $4.45 and last traded at $4.64, with a volume of 3,185,331 shares trading hands. The stock had previously closed at $4.72.
A number of equities research analysts recently weighed in on MUX shares. TheStreet raised shares of McEwen Mining from a “sell” rating to a “hold” rating in a research note on Tuesday, April 5th. Zacks Investment Research raised shares of McEwen Mining from a “hold” rating to a “buy” rating and set a $2.00 target price on the stock in a research note on Friday, March 18th.
The company’s market cap is $1.38 billion. The firm’s 50 day moving average price is $3.43 and its 200 day moving average price is $2.24.
In other news, COO William Alexander Faust sold 150,000 shares of McEwen Mining stock in a transaction on Friday, June 17th. The stock was 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 in the company, valued at $526,400. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Colin Sutherland bought 15,166 shares of the firm’s stock in a transaction dated Tuesday, June 28th. The shares were acquired at an average price 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.
An institutional investor recently raised its position in McEwen Mining stock. Bank of Montreal Can raised its stake in McEwen Mining Inc. (NYSE:MUX) by 175.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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.
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.