McEwen Mining Inc. (MUX) Trading Up 4%
McEwen Mining Inc. (NYSE:MUX) shot up 4% during mid-day trading on Thursday . The company traded as high as $4.00 and last traded at $3.87, with a volume of 3,034,450 shares. The stock had previously closed at $3.72.
Separately, Zacks Investment Research downgraded shares of McEwen Mining from a “buy” rating to a “hold” rating in a research note on Thursday, July 7th.
The firm’s 50 day moving average price is $4.36 and its 200-day moving average price is $2.89. The company has a market cap of $1.15 billion and a P/E ratio of 128.33.
The company also recently disclosed a semiannual dividend, which will be paid on Monday, August 29th. Investors of record on Wednesday, August 24th will be paid a $0.005 dividend. This represents a yield of 0.23%. The ex-dividend date of this dividend is Monday, August 22nd.
In related news, COO William Alexander Faust sold 150,000 shares of the business’s stock in a transaction dated Friday, June 17th. The stock was sold at an average price of $3.50, for a total value of $525,000.00. Following the sale, the chief operating officer now directly owns 150,400 shares in the company, valued at approximately $526,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Colin Sutherland acquired 15,166 shares of the stock in a transaction that occurred on Tuesday, June 28th. The stock was purchased at an average price of $3.55 per share, for a total transaction of $53,839.30. Following the completion of the purchase, the president now directly owns 470,000 shares in the company, valued at approximately $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 boosted 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 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 about 0.35% of McEwen Mining worth $1,113,000 as of its most recent filing with the SEC.
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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