McEwen Mining Inc. (MUX) Trading 5.3% Higher
McEwen Mining Inc. (NYSE:MUX) traded up 5.3% on Thursday . The company traded as high as $3.99 and last traded at $3.94, with a volume of 2,618,644 shares trading hands. The stock had previously closed at $3.74.
A number of equities research analysts have weighed in on the company. Zacks Investment Research lowered McEwen Mining from a “buy” rating to a “hold” rating in a research note on Thursday, July 7th. TheStreet upgraded McEwen Mining from a “sell” rating to a “hold” rating in a research note on Tuesday, April 5th.
The firm’s market capitalization is $1.18 billion. The firm’s 50 day moving average price is $3.63 and its 200 day moving average price is $2.33.
In related 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 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 available through the SEC website. Also, President Colin Sutherland acquired 15,166 shares of McEwen Mining 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 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 boosted its position in shares of McEwen Mining Inc. (NYSE:MUX) by 175.2% during the fourth quarter, according to its most recent disclosure with the 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 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.
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