McEwen Mining Inc. (MUX) Stock Price Up 3.2%
McEwen Mining Inc. (NYSE:MUX) shares rose 3.2% on Thursday . The company traded as high as $3.58 and last traded at $3.54, with a volume of 3,106,199 shares trading hands. The stock had previously closed at $3.43.
Separately, Zacks Investment Research upgraded shares of McEwen Mining from a “hold” rating to a “buy” rating and set a $4.75 target price on the stock in a research note on Thursday, July 28th.
The company has a market cap of $1.08 billion and a price-to-earnings ratio of 120.67. The company has a 50 day moving average of $4.24 and a 200 day moving average of $2.97.
The business also recently declared a semiannual dividend, which was paid on Monday, August 29th. Shareholders of record on Wednesday, August 24th were issued a $0.005 dividend. The ex-dividend date of this dividend was Monday, August 22nd. This represents a dividend yield of 0.23%.
In other McEwen Mining news, COO William Alexander Faust sold 150,000 shares of the firm’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 completion of the transaction, the chief operating officer now owns 150,400 shares of the company’s stock, valued at $526,400. The transaction was disclosed in a filing with the SEC, which is available at this link. 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 cost of $3.55 per share, with a total value of $53,839.30. Following the acquisition, the president now owns 470,000 shares of the company’s stock, valued at approximately $1,668,500. The disclosure for this purchase can be found here.
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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