McEwen Mining Inc. (MUX) Trading 2% Higher
McEwen Mining Inc. (NYSE:MUX) traded up 2% on Tuesday . The stock traded as high as $4.65 and last traded at $4.54, with a volume of 2,418,404 shares traded. The stock had previously closed at $4.45.
Separately, Zacks Investment Research downgraded McEwen Mining from a “buy” rating to a “hold” rating in a research report on Thursday, July 7th.
The company’s market capitalization is $1.32 billion. The firm has a 50 day moving average of $4.06 and a 200 day moving average of $2.56.
In other news, COO William Alexander Faust sold 150,000 shares of the 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 owns 150,400 shares in the company, valued at $526,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Colin Sutherland bought 15,166 shares of McEwen Mining stock in a transaction dated Tuesday, June 28th. The stock was acquired at an average price of $3.55 per share, with a total value 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 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 position in shares of McEwen Mining Inc. (NYSE:MUX) by 175.2% during the fourth quarter, according to its most recent disclosure 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 approximately 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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