McEwen Mining Inc. (MUX) Sees Strong Trading Volume
McEwen Mining Inc. (NYSE:MUX) shares saw strong trading volume on Wednesday . 3,515,122 shares were traded during trading, an increase of 4% from the previous session’s volume of 3,387,416 shares.The stock last traded at $3.93 and had previously closed at $4.32.
Separately, Zacks Investment Research downgraded McEwen Mining from a “buy” rating to a “hold” rating in a report on Thursday, July 7th.
The firm has a 50 day moving average price of $4.38 and a 200 day moving average price of $2.88. The firm has a market capitalization of $1.11 billion and a PE ratio of 124.00.
The business also recently announced a semiannual dividend, which will be paid on Monday, August 29th. Shareholders of record on Wednesday, August 24th will be given a $0.005 dividend. The ex-dividend date is Monday, August 22nd. This represents a yield of 0.23%.
In other McEwen Mining news, President Colin Sutherland purchased 15,166 shares of the business’s stock in a transaction dated Tuesday, June 28th. The shares were acquired at an average price of $3.55 per share, for a total transaction of $53,839.30. Following the acquisition, the president now owns 470,000 shares of the company’s stock, valued at $1,668,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $525,000.00. Following the transaction, the chief operating officer now owns 150,400 shares in the company, valued at approximately $526,400. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in McEwen Mining stock. Bank of Montreal Can raised its position in shares of McEwen Mining Inc. (NYSE:MUX) by 175.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. 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.