McEwen Mining Inc. (MUX) Trading 3.2% Higher
Shares of McEwen Mining Inc. (NYSE:MUX) traded up 3.2% on Tuesday . The stock traded as high as $4.30 and last traded at $4.25, with a volume of 3,492,777 shares traded. The stock had previously closed at $4.12.
Several equities analysts recently issued reports on the company. TheStreet raised McEwen Mining from a “sell” rating to a “hold” rating in a research report on Tuesday, April 5th. Zacks Investment Research cut McEwen Mining from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Rodman & Renshaw upped their price objective on McEwen Mining from $1.30 to $2.40 in a research report on Monday, March 14th.
The stock’s 50-day moving average is $3.06 and its 200-day moving average is $2.10. The firm’s market cap is $1.38 billion.
In other McEwen Mining news, COO William Alexander Faust sold 150,000 shares of the firm’s stock in a transaction dated 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 sale, the chief operating officer now owns 150,400 shares of the company’s stock, valued at $526,400. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President Colin Sutherland acquired 15,166 shares of the firm’s stock in a transaction on Tuesday, June 28th. The stock was purchased at an average cost of $3.55 per share, with a total value of $53,839.30. Following the purchase, the president now owns 470,000 shares of the company’s stock, 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 shares of McEwen Mining Inc. (NYSE:MUX) by 175.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 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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