McEwen Mining Inc. (MUX) Stock Price Down 1.7%
McEwen Mining Inc. (NYSE:MUX) was down 1.7% during trading on Thursday . The stock 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.
Several equities research analysts have commented on MUX shares. Zacks Investment Research upgraded shares of McEwen Mining from a “hold” rating to a “buy” rating and set a $2.00 price objective for the company in a research note on Friday, March 18th. TheStreet upgraded shares of McEwen Mining from a “sell” rating to a “hold” rating in a research note on Tuesday, April 5th.
The company’s market capitalization is $1.37 billion. The stock has a 50 day moving average of $3.50 and a 200 day moving average of $2.27.
In related news, COO William Alexander Faust sold 150,000 shares of the business’s 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 transaction, the chief operating officer now owns 150,400 shares in the company, valued at $526,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Colin Sutherland acquired 15,166 shares of the company’s stock in a transaction that occurred on Tuesday, June 28th. The shares were acquired at an average cost of $3.55 per share, for a total transaction of $53,839.30. Following the purchase, 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.
A hedge fund recently raised its stake 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 13F filing with the Securities and Exchange Commission (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 about 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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