McEwen Mining Inc. (NYSE:MUX) shares shot up 3.2% during trading on Thursday . The stock traded as high as $3.58 and last traded at $3.54, with a volume of 3,106,199 shares trading hands. The stock had previously closed at $3.43.

Separately, Zacks Investment Research cut McEwen Mining from a “buy” rating to a “hold” rating in a research report on Thursday, July 7th.

The stock’s 50 day moving average price is $4.19 and its 200-day moving average price is $2.98. The firm has a market capitalization of $1.16 billion and a P/E ratio of 129.33.

The company also recently announced a semiannual dividend, which was paid on Monday, August 29th. Investors of record on Wednesday, August 24th were given 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 business’s stock in a transaction that occurred on Friday, June 17th. The stock was sold at an average price of $3.50, for a total transaction of $525,000.00. Following the completion of the sale, the chief operating officer now directly owns 150,400 shares of the company’s stock, valued at approximately $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 acquired 15,166 shares of the firm’s stock in a transaction on Tuesday, June 28th. The shares were bought at an average cost of $3.55 per share, with a total value of $53,839.30. Following the completion of the acquisition, 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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