McEwen Mining Inc. (MUX) Shares Down 4.8%
McEwen Mining Inc. (NYSE:MUX) was down 4.8% during mid-day trading on Friday . The company traded as low as $4.56 and last traded at $4.56, with a volume of 2,349,875 shares trading hands. The stock had previously closed at $4.79.
Separately, Zacks Investment Research raised 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 report on Thursday, July 28th.
The stock’s 50 day moving average price is $4.37 and its 200 day moving average price is $2.82. The firm has a market capitalization of $1.37 billion and a PE ratio of 152.33.
The company also recently announced 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. The ex-dividend date is Monday, August 22nd. This represents a 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 that occurred 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 sale, the chief operating officer now directly owns 150,400 shares in the company, valued at $526,400. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Colin Sutherland bought 15,166 shares of the stock in a transaction on Tuesday, June 28th. The stock was purchased at an average price of $3.55 per share, with a total value of $53,839.30. Following the completion of 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.
A hedge fund recently raised its stake in McEwen Mining stock. Bank of Montreal Can boosted its stake in shares of McEwen Mining Inc. (NYSE:MUX) by 175.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 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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