McEwen Mining Inc. (NYSE:MUX) Director Michele L. Ashby sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 27th. The stock was sold at an average price of $3.45, for a total value of $34,500.00. Following the completion of the sale, the director now directly owns 42,500 shares in the company, valued at $146,625. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
McEwen Mining Inc. (NYSE:MUX) opened at 3.79 on Friday. The company has a market capitalization of $1.13 billion, a PE ratio of 126.33 and a beta of 0.64. McEwen Mining Inc. has a 52-week low of $0.79 and a 52-week high of $4.92. The company has a 50-day moving average price of $3.96 and a 200 day moving average price of $3.24.
A number of hedge funds have recently bought and sold shares of MUX. Van ECK Associates Corp raised its stake in McEwen Mining by 120.3% in the second quarter. Van ECK Associates Corp now owns 34,963,949 shares of the company’s stock worth $134,611,000 after buying an additional 19,094,273 shares during the period. Bank of Montreal Can purchased a new stake in McEwen Mining during the second quarter worth $4,801,000. Renaissance Technologies LLC raised its stake in McEwen Mining by 332.3% in the first quarter. Renaissance Technologies LLC now owns 1,338,909 shares of the company’s stock worth $2,517,000 after buying an additional 1,029,209 shares during the period. BlackRock Inc. raised its stake in McEwen Mining by 75,199.5% in the second quarter. BlackRock Inc. now owns 856,155 shares of the company’s stock worth $3,296,000 after buying an additional 855,018 shares during the period. Finally, Jane Street Group LLC raised its stake in McEwen Mining by 808.9% in the second quarter. Jane Street Group LLC now owns 880,772 shares of the company’s stock worth $3,391,000 after buying an additional 783,862 shares during the period. 26.04% of the stock is currently owned by institutional investors.
Separately, Zacks Investment Research raised McEwen Mining from a “hold” rating to a “buy” rating and set a $4.75 price target on the stock in a research report on Thursday, July 28th.
About McEwen Mining
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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