Michele L. Ashby Sells 10,000 Shares of McEwen Mining Inc. (MUX) Stock
McEwen Mining Inc. (NYSE:MUX) Director Michele L. Ashby sold 10,000 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $146,625. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
McEwen Mining Inc. (NYSE:MUX) opened at 3.79 on Friday. McEwen Mining Inc. has a 12-month low of $0.79 and a 12-month high of $4.92. The stock has a 50 day moving average price of $3.96 and a 200-day moving average price of $3.24. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 126.33 and a beta of 0.64.
Hedge funds have recently modified their holdings of the company. Van ECK Associates Corp boosted its stake in shares of 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 in the last quarter. Vanguard Group Inc. boosted its stake in shares of McEwen Mining by 10.8% in the second quarter. Vanguard Group Inc. now owns 3,302,608 shares of the company’s stock worth $12,714,000 after buying an additional 321,225 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of McEwen Mining by 15.1% in the first quarter. JPMorgan Chase & Co. now owns 3,245,258 shares of the company’s stock worth $6,101,000 after buying an additional 425,111 shares in the last quarter. Global X Management Co. LLC boosted its stake in shares of McEwen Mining by 0.5% in the second quarter. Global X Management Co. LLC now owns 2,884,698 shares of the company’s stock worth $11,106,000 after buying an additional 13,040 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of 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 in the last quarter. 26.04% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research raised McEwen Mining from a “hold” rating to a “buy” rating and set a $4.75 target price for the company 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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