McEwen Mining Inc. (MUX) Trading Down 2.2%
McEwen Mining Inc. (NYSE:MUX) dropped 2.2% on Wednesday . The stock traded as low as $4.28 and last traded at $4.40, with a volume of 1,620,400 shares trading hands. The stock had previously closed at $4.50.
MUX has been the subject of several research analyst reports. Zacks Investment Research raised McEwen Mining from a “hold” rating to a “buy” rating and set a $4.75 price objective for the company in a report on Thursday, July 28th. TheStreet raised McEwen Mining from a “sell” rating to a “hold” rating in a report on Tuesday, April 5th.
The company’s market capitalization is $1.31 billion. The company has a 50 day moving average of $4.06 and a 200-day moving average of $2.56.
In other McEwen Mining news, President Colin Sutherland acquired 15,166 shares of the company’s stock in a transaction on Tuesday, June 28th. The shares were bought at an average cost of $3.55 per share, for a total transaction of $53,839.30. Following the acquisition, the president now directly owns 470,000 shares of the company’s stock, valued at $1,668,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO William Alexander Faust sold 150,000 shares of McEwen Mining stock in a transaction that occurred 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 sale, the chief operating officer now owns 150,400 shares in the company, valued at $526,400. The disclosure for this sale 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 filing with the Securities and Exchange Commission. 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 as of its most recent filing with the SEC.
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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