McEwen Mining Inc. (MUX) Trading Up 2%
McEwen Mining Inc. (NYSE:MUX) was up 2% during trading on Tuesday . The stock traded as high as $4.65 and last traded at $4.54, with a volume of 2,418,404 shares. The stock had previously closed at $4.45.
Several equities research analysts have recently commented on MUX shares. Zacks Investment Research upgraded shares of McEwen Mining from a “hold” rating to a “buy” rating and set a $4.75 price objective for the company in a research note on Thursday, July 28th. TheStreet upgraded shares of McEwen Mining from a “sell” rating to a “hold” rating in a research note on Tuesday, April 5th.
The firm’s market cap is $1.34 billion. The firm has a 50 day moving average of $3.99 and a 200 day moving average of $2.52.
In other news, President Colin Sutherland purchased 15,166 shares of the firm’s stock in a transaction on Tuesday, June 28th. The shares were bought at an average cost of $3.55 per share, with a total value of $53,839.30. Following the purchase, the president now directly owns 470,000 shares of the company’s stock, valued at $1,668,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO William Alexander Faust sold 150,000 shares of the firm’s stock in a transaction dated Friday, June 17th. The stock was sold at an average price of $3.50, for a total transaction of $525,000.00. Following the sale, the chief operating officer now directly 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 boosted 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 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.
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