McEwen Mining Inc. (MUX) Sees Unusually-High Trading Volume
McEwen Mining Inc. (NYSE:MUX) saw unusually-strong trading volume on Wednesday . Approximately 3,515,122 shares changed hands during mid-day trading, an increase of 4% from the previous session’s volume of 3,387,416 shares.The stock last traded at $3.93 and had previously closed at $4.32.
Separately, Zacks Investment Research downgraded shares of McEwen Mining from a “buy” rating to a “hold” rating in a research note on Thursday, July 7th.
The company has a 50-day moving average of $4.34 and a 200-day moving average of $2.90. The company has a market cap of $1.23 billion and a P/E ratio of 136.833.
The business also recently declared 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. This represents a yield of 0.23%. The ex-dividend date is Monday, August 22nd.
In related news, President Colin Sutherland purchased 15,166 shares of the business’s stock in a transaction that occurred on Tuesday, June 28th. The stock was bought at an average price of $3.55 per share, with a total value of $53,839.30. Following the acquisition, the president now owns 470,000 shares in the company, valued at $1,668,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO William Alexander Faust sold 150,000 shares of the business’s stock in a transaction on Friday, June 17th. The stock was sold at an average price of $3.50, for a total transaction of $525,000.00. Following the completion of the sale, the chief operating officer now directly owns 150,400 shares of the company’s stock, valued at approximately $526,400. The disclosure for this sale can be found here.
A hedge fund recently raised its stake 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 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 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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