McEwen Mining Inc. (MUX) Trading Down 3.1%
McEwen Mining Inc. (NYSE:MUX) was down 3.1% on Tuesday . The stock traded as low as $3.74 and last traded at $3.76, with a volume of 1,734,806 shares. The stock had previously closed at $3.88.
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 report on Thursday, July 28th.
The company has a market capitalization of $1.10 billion and a price-to-earnings ratio of 122.33. The firm has a 50 day moving average of $4.30 and a 200-day moving average of $2.95.
The company also recently announced a semiannual dividend, which was paid on Monday, August 29th. Investors of record on Wednesday, August 24th were paid a $0.005 dividend. The ex-dividend date was Monday, August 22nd. This represents a dividend yield of 0.23%.
In related news, COO William Alexander Faust sold 150,000 shares of the company’s stock in a transaction on Friday, June 17th. The stock was sold at an average price of $3.50, for a total value of $525,000.00. Following the completion of the transaction, the chief operating officer now directly owns 150,400 shares in the company, valued at $526,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Colin Sutherland bought 15,166 shares of the business’s stock in a transaction that occurred 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 directly owns 470,000 shares of the company’s stock, valued at approximately $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 position 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 (SEC). 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 approximately 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.
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