McEwen Mining Inc. (MUX) Trading 4.7% Higher
McEwen Mining Inc. (NYSE:MUX)’s share price traded up 4.7% during mid-day trading on Wednesday . The stock traded as high as $4.67 and last traded at $4.64, with a volume of 2,561,281 shares trading hands. The stock had previously closed at $4.43.
Several equities analysts recently issued reports on the stock. TheStreet upgraded shares of McEwen Mining from a “sell” rating to a “hold” rating in a research note on Tuesday, April 5th. Zacks Investment Research lowered shares of McEwen Mining from a “buy” rating to a “hold” rating in a report on Thursday, July 7th.
The company’s market capitalization is $1.38 billion. The company has a 50 day moving average of $3.43 and a 200 day moving average of $2.24.
In other McEwen Mining news, President Colin Sutherland bought 15,166 shares of the stock in a transaction dated Tuesday, June 28th. The shares were acquired at an average cost of $3.55 per share, for a total transaction of $53,839.30. Following the completion of the transaction, the president now 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 this hyperlink. Also, COO William Alexander Faust sold 150,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief operating officer now owns 150,400 shares in the company, 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 raised its position in McEwen Mining Inc. (NYSE:MUX) by 175.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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 0.35% of McEwen Mining worth $1,113,000 at the end of the most recent reporting period.
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.