McEwen Mining Inc. (MUX) Downgraded to Hold at Zacks Investment Research
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. “
McEwen Mining (NYSE:MUX) traded up 3.722% during mid-day trading on Thursday, hitting $3.205. The company had a trading volume of 2,447,733 shares. The firm has a market capitalization of $958.13 million, a PE ratio of 106.833 and a beta of 0.20. McEwen Mining has a 1-year low of $0.79 and a 1-year high of $4.92. The company has a 50 day moving average of $3.81 and a 200 day moving average of $3.30.
In other news, Director Michele L. Ashby sold 10,000 shares of McEwen Mining stock in a transaction that occurred on Tuesday, September 27th. The shares were sold at an average price of $3.45, for a total transaction of $34,500.00. Following the completion of the sale, the director now owns 42,500 shares of the company’s stock, valued at $146,625. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 26.60% of the company’s stock.
Institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA increased its position in shares of 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 period. GSA Capital Partners LLP acquired a new position in shares of McEwen Mining during the second quarter worth approximately $116,000. Teacher Retirement System of Texas increased its position in shares of 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 period. TFS Capital LLC acquired a new position in shares of McEwen Mining during the second quarter worth approximately $124,000. Finally, Private Advisor Group LLC increased its position in shares of 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 period. 26.04% of the stock is owned by institutional investors.
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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