McEwen Mining Inc. (MUX) Trading Down 9.8%
McEwen Mining Inc. (NYSE:MUX)’s share price fell 9.8% during mid-day trading on Wednesday . The company traded as low as $3.82 and last traded at $3.96, with a volume of 4,389,588 shares. The stock had previously closed at $4.39.
A number of research firms have issued reports on MUX. TheStreet raised shares of McEwen Mining from a “sell” rating to a “hold” rating in a report on Tuesday, April 5th. Zacks Investment Research downgraded shares of McEwen Mining from a “buy” rating to a “hold” rating in a report on Thursday, July 7th.
The company’s market cap is $1.18 billion. The firm has a 50-day moving average price of $3.68 and a 200 day moving average price of $2.35.
In other McEwen Mining news, President Colin Sutherland purchased 15,166 shares of the company’s stock in a transaction that occurred on Tuesday, June 28th. The stock was bought at an average price of $3.55 per share, with a total value of $53,839.30. Following the completion of the purchase, the president now directly owns 470,000 shares of the company’s stock, valued at approximately $1,668,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO William Alexander Faust sold 150,000 shares of the firm’s 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 of the company’s stock, valued at approximately $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 boosted its position 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 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.