McEwen Mining Inc. (MUX) Trading 4% Higher
Shares of McEwen Mining Inc. (NYSE:MUX) traded up 4% on Thursday . The company traded as high as $4.00 and last traded at $3.87, with a volume of 3,034,450 shares. The stock had previously closed at $3.72.
Separately, Zacks Investment Research upgraded shares of McEwen Mining from a “hold” rating to a “buy” rating and set a $4.75 target price for the company in a report on Thursday, July 28th.
The company has a market capitalization of $1.15 billion and a price-to-earnings ratio of 128.00. The company has a 50 day moving average of $4.32 and a 200 day moving average of $2.91.
The business 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 McEwen Mining news, COO William Alexander Faust sold 150,000 shares of the business’s stock in a transaction on Friday, June 17th. The shares were 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 approximately $526,400. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Colin Sutherland purchased 15,166 shares of the firm’s stock in a transaction on Tuesday, June 28th. The stock was bought at an average price of $3.55 per share, for a total transaction of $53,839.30. Following the purchase, the president now owns 470,000 shares in the company, valued at $1,668,500. The disclosure for this purchase can be found here.
An institutional investor recently raised its position 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 13F filing with the 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 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.