McEwen Mining Inc (NYSE:MUX) (TSE:MUX) Director Richard W. Brissenden sold 25,000 shares of McEwen Mining stock in a transaction on Friday, August 9th. The shares were sold at an average price of $2.01, for a total value of $50,250.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Richard W. Brissenden also recently made the following trade(s):

  • On Tuesday, June 11th, Richard W. Brissenden sold 4,000 shares of McEwen Mining stock. The stock was sold at an average price of $1.93, for a total value of $7,720.00.

Shares of NYSE MUX traded down $0.10 during midday trading on Tuesday, reaching $1.85. 5,234,098 shares of the company’s stock were exchanged, compared to its average volume of 2,575,224. McEwen Mining Inc has a 52-week low of $1.23 and a 52-week high of $2.44. The company has a market capitalization of $698.68 million, a PE ratio of -14.23 and a beta of -0.42. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.90 and a quick ratio of 0.94. The stock’s fifty day moving average price is $1.81.

McEwen Mining (NYSE:MUX) (TSE:MUX) last announced its earnings results on Tuesday, July 30th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.03). McEwen Mining had a negative return on equity of 11.81% and a negative net margin of 55.09%. The business had revenue of $36.38 million for the quarter, compared to analysts’ expectations of $34.92 million. As a group, analysts expect that McEwen Mining Inc will post -0.08 EPS for the current year.

A number of research analysts have commented on MUX shares. HC Wainwright set a $3.00 price objective on McEwen Mining and gave the stock a “buy” rating in a research note on Friday, May 24th. ValuEngine upgraded McEwen Mining from a “hold” rating to a “buy” rating in a research note on Monday, June 17th. Finally, Zacks Investment Research cut McEwen Mining from a “hold” rating to a “sell” rating in a research note on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $3.00.

Institutional investors have recently made changes to their positions in the stock. Pictet Asset Management Ltd. increased its holdings in McEwen Mining by 134.8% in the first quarter. Pictet Asset Management Ltd. now owns 24,732 shares of the basic materials company’s stock valued at $37,000 after buying an additional 14,200 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in McEwen Mining in the second quarter valued at about $51,000. Mercer Global Advisors Inc. ADV bought a new stake in McEwen Mining in the first quarter valued at about $54,000. First Republic Investment Management Inc. increased its holdings in McEwen Mining by 39.1% in the first quarter. First Republic Investment Management Inc. now owns 35,050 shares of the basic materials company’s stock valued at $53,000 after buying an additional 9,850 shares during the last quarter. Finally, Heathbridge Capital Management Ltd. bought a new stake in McEwen Mining in the first quarter valued at about $60,000. 25.23% of the stock is owned by hedge funds and other institutional investors.

McEwen Mining Company Profile

McEwen Mining Inc engages in the exploration, development, production, and sale of gold and silver. It also explores for copper deposits. The company owns 100% interests in the El Gallo and Fenix projects located in Mexico; and the Black Fox Mine and Stock Mill, Grey Fox, and Froome and Tamarack properties in Canada.

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