McEwen Mining Inc. (MUX) Trading 5.3% Higher
McEwen Mining Inc. (NYSE:MUX)’s share price traded up 5.3% during mid-day trading on Thursday . The company traded as high as $3.99 and last traded at $3.94, with a volume of 2,618,644 shares. The stock had previously closed at $3.74.
A number of brokerages have weighed in on MUX. Zacks Investment Research downgraded shares of McEwen Mining from a “buy” rating to a “hold” rating in a research note on Thursday, July 7th. TheStreet raised shares of McEwen Mining from a “sell” rating to a “hold” rating in a research note on Tuesday, April 5th.
The firm’s 50-day moving average price is $3.73 and its 200 day moving average price is $2.37. The firm’s market capitalization is $1.16 billion.
In related news, COO William Alexander Faust sold 150,000 shares of McEwen Mining 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 approximately $526,400. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Colin Sutherland purchased 15,166 shares of the company’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 purchase, the president now owns 470,000 shares in the company, 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 boosted its position 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 fund 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 quarter.
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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