McEwen Mining Inc. (MUX) Stock Price Down 3.1%
McEwen Mining Inc. (NYSE:MUX)’s share price traded down 3.1% on Tuesday . The company traded as low as $3.74 and last traded at $3.76, with a volume of 1,734,806 shares traded. The stock had previously closed at $3.88.
Separately, Zacks Investment Research lowered shares of McEwen Mining from a “buy” rating to a “hold” rating in a research report on Thursday, July 7th.
The firm has a 50-day moving average price of $4.24 and a 200 day moving average price of $2.97. The company has a market capitalization of $1.04 billion and a PE ratio of 116.2067.
The business 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. This represents a yield of 0.23%. The ex-dividend date of this dividend was Monday, August 22nd.
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 transaction of $525,000.00. Following the completion of the transaction, the chief operating officer now directly owns 150,400 shares of the company’s stock, valued at approximately $526,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Colin Sutherland purchased 15,166 shares of McEwen Mining stock in a transaction on Tuesday, June 28th. The shares were acquired at an average cost of $3.55 per share, with a total value of $53,839.30. Following the completion of the transaction, 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.
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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