According to Zacks, “U.S. GOLD CORP. is primarily engaged in the precious metal mining business in the continental United States, however, it may also evaluate properties outside the United States. “
Shares of McEwen Mining (NYSE:MUX) traded up 3.722% during trading on Thursday, reaching $3.205. 2,447,733 shares of the company were exchanged. The stock has a market capitalization of $958.13 million, a P/E ratio of 106.833 and a beta of 0.20. The firm has a 50-day moving average price of $3.81 and a 200-day moving average price of $3.30. McEwen Mining has a 1-year low of $0.79 and a 1-year high of $4.92.
In other McEwen Mining news, Director Michele L. Ashby sold 10,000 shares of the stock in a transaction dated Tuesday, September 27th. The shares were 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 owns 42,500 shares in the company, valued at approximately $146,625. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 26.60% of the stock is currently owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA increased its stake in McEwen Mining by 31,639.3% in the second quarter. BNP Paribas Arbitrage SA now owns 26,661 shares of the company’s stock worth $103,000 after buying an additional 26,577 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in McEwen Mining during the second quarter worth approximately $116,000. Teacher Retirement System of Texas increased its stake in McEwen Mining by 16.4% in the second quarter. Teacher Retirement System of Texas now owns 31,850 shares of the company’s stock worth $123,000 after buying an additional 4,483 shares during the last quarter. TFS Capital LLC acquired a new stake in McEwen Mining during the second quarter worth approximately $124,000. Finally, Private Advisor Group LLC increased its stake in McEwen Mining by 34.5% in the second quarter. Private Advisor Group LLC now owns 29,367 shares of the company’s stock worth $129,000 after buying an additional 7,528 shares during the last quarter. Institutional investors own 26.04% of the company’s stock.
McEwen Mining Company Profile
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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