McEwen Mining Inc. (MUX) Stock Price Down 2.7%
McEwen Mining Inc. (NYSE:MUX)’s share price traded down 2.7% during mid-day trading on Thursday . The company traded as low as $4.28 and last traded at $4.30, with a volume of 2,775,685 shares traded. The stock had previously closed at $4.42.
Separately, Zacks Investment Research lowered shares of McEwen Mining from a “buy” rating to a “hold” rating in a research note on Thursday, July 7th.
The stock has a market cap of $1.29 billion and a P/E ratio of 143.33. The company’s 50 day moving average is $4.23 and its 200 day moving average is $2.68.
The company also recently announced a semiannual dividend, which will be paid on Monday, August 29th. Investors of record on Wednesday, August 24th will be issued a $0.005 dividend. The ex-dividend date of this dividend is Monday, August 22nd. This represents a yield of 0.23%.
In other news, COO William Alexander Faust sold 150,000 shares of the business’s 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 transaction, the chief operating officer now owns 150,400 shares in the company, valued at approximately $526,400. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, President Colin Sutherland acquired 15,166 shares of the company’s stock in a transaction dated Tuesday, June 28th. The shares were bought at an average price of $3.55 per share, for a total transaction of $53,839.30. Following the acquisition, 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.
A hedge fund recently raised its stake in McEwen Mining stock. Bank of Montreal Can increased 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 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 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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