McEwen Mining Inc. (MUX) Sees Strong Trading Volume
Shares of McEwen Mining Inc. (NYSE:MUX) (TSE:MUX) saw an uptick in trading volume on Friday . 10,239,447 shares were traded during trading, an increase of 251% from the previous session’s volume of 2,920,060 shares.The stock last traded at $2.58 and had previously closed at $2.50.
A number of brokerages have recently issued reports on MUX. BidaskClub downgraded McEwen Mining from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 6th. Zacks Investment Research downgraded McEwen Mining from a “hold” rating to a “sell” rating in a research report on Friday, July 21st. TheStreet upgraded McEwen Mining from a “d+” rating to a “c” rating in a research report on Friday, June 16th. ValuEngine downgraded McEwen Mining from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. Finally, HC Wainwright reiterated a “buy” rating and set a $5.00 price target on shares of McEwen Mining in a research report on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $4.25.
The firm’s 50-day moving average price is $2.48 and its 200 day moving average price is $2.77. The stock’s market cap is $805.67 million.
The firm also recently announced a special dividend, which was paid on Thursday, August 17th. Stockholders of record on Friday, August 4th were paid a dividend of $0.005 per share. The ex-dividend date of this dividend was Wednesday, August 2nd. McEwen Mining’s dividend payout ratio (DPR) is -50.00%.
A number of large investors have recently made changes to their positions in MUX. D L Carlson Investment Group Inc. increased its holdings in McEwen Mining by 107.8% in the second quarter. D L Carlson Investment Group Inc. now owns 38,588 shares of the basic materials company’s stock valued at $101,000 after buying an additional 20,018 shares in the last quarter. Profund Advisors LLC increased its stake in shares of McEwen Mining by 0.9% during the 2nd quarter. Profund Advisors LLC now owns 39,122 shares of the basic materials company’s stock worth $103,000 after purchasing an additional 366 shares in the last quarter. Suntrust Banks Inc. increased its stake in shares of McEwen Mining by 2.7% during the 1st quarter. Suntrust Banks Inc. now owns 35,564 shares of the basic materials company’s stock worth $108,000 after purchasing an additional 946 shares in the last quarter. Karp Capital Management Corp purchased a new position in shares of McEwen Mining during the 1st quarter worth approximately $110,000. Finally, Two Sigma Securities LLC purchased a new position in shares of McEwen Mining during the 1st quarter worth approximately $125,000. Hedge funds and other institutional investors own 29.31% of the company’s stock.
TRADEMARK VIOLATION WARNING: “McEwen Mining Inc. (MUX) Sees Strong Trading Volume” was originally reported by Daily Political and is owned by of Daily Political. If you are viewing this piece of content on another publication, it was stolen and republished in violation of United States & international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.dailypolitical.com/2017/09/15/mcewen-mining-inc-mux-sees-strong-trading-volume-2.html.
McEwen Mining Company Profile
McEwen Mining Inc is a mining and minerals production and exploration company. The Company is focused on precious and base metals in Argentina, Mexico and the United States. The Company’s segments include Mexico, Minera Santa Cruz SA (MSC), Nevada and Los Azules. The Mexico Operations segment includes properties, such as El Gallo 1 mine and the El Gallo 2 project.
Receive News & Ratings for McEwen Mining Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McEwen Mining Inc. and related companies with MarketBeat.com's FREE daily email newsletter.