McEwen Mining Inc. (MUX) Shares Up 2.5%
McEwen Mining Inc. (NYSE:MUX) shares traded up 2.5% during mid-day trading on Tuesday . The company traded as high as $4.51 and last traded at $4.51, with a volume of 3,031,193 shares trading hands. The stock had previously closed at $4.40.
Separately, Zacks Investment Research upgraded McEwen Mining from a “hold” rating to a “buy” rating and set a $4.75 price target for the company in a research note on Thursday, July 28th.
The firm has a market capitalization of $1.35 billion and a price-to-earnings ratio of 150.33. The firm has a 50-day moving average of $4.30 and a 200-day moving average of $2.77.
The firm also recently declared a semiannual dividend, which will be paid on Monday, August 29th. Shareholders of record on Wednesday, August 24th will be paid a $0.005 dividend. This represents a yield of 0.23%. The ex-dividend date of this dividend is Monday, August 22nd.
In other news, President Colin Sutherland acquired 15,166 shares of McEwen Mining stock in a transaction dated Tuesday, June 28th. The stock was purchased at an average cost of $3.55 per share, for a total transaction of $53,839.30. Following the completion of the purchase, the president now directly owns 470,000 shares in the company, valued at approximately $1,668,500. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO William Alexander Faust sold 150,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief operating officer now owns 150,400 shares of the company’s stock, 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 boosted its stake 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 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 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.
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