McEwen Mining Inc (NYSE:MUX) General Counsel Sells $161,103.04 in Stock

McEwen Mining Inc (NYSE:MUXGet Free Report) (TSE:MUX) General Counsel Carmen L. Diges sold 17,066 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $9.44, for a total transaction of $161,103.04. Following the completion of the sale, the general counsel now directly owns 10,982 shares of the company’s stock, valued at approximately $103,670.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

McEwen Mining Trading Down 0.4 %

MUX traded down $0.04 during trading on Monday, reaching $9.51. 503,017 shares of the company’s stock were exchanged, compared to its average volume of 757,343. The company’s fifty day moving average price is $11.09 and its 200-day moving average price is $8.91. The firm has a market capitalization of $469.89 million, a PE ratio of 5.82 and a beta of 1.51. McEwen Mining Inc has a fifty-two week low of $5.92 and a fifty-two week high of $12.50. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.85 and a current ratio of 1.37.

McEwen Mining (NYSE:MUXGet Free Report) (TSE:MUX) last announced its quarterly earnings results on Wednesday, May 8th. The basic materials company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.38). The firm had revenue of $41.23 million for the quarter, compared to the consensus estimate of $39.80 million. McEwen Mining had a return on equity of 16.46% and a net margin of 44.83%. As a group, equities analysts forecast that McEwen Mining Inc will post -0.7 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MUX. TheStreet raised shares of McEwen Mining from a “d” rating to a “c” rating in a report on Friday, March 1st. Roth Mkm reaffirmed a “buy” rating and set a $12.00 target price (up previously from $11.00) on shares of McEwen Mining in a report on Friday, May 10th. Finally, HC Wainwright lifted their target price on shares of McEwen Mining from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Monday, May 13th.

Read Our Latest Stock Report on McEwen Mining

Hedge Funds Weigh In On McEwen Mining

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Van ECK Associates Corp lifted its position in McEwen Mining by 2.9% in the 4th quarter. Van ECK Associates Corp now owns 2,030,048 shares of the basic materials company’s stock valued at $14,637,000 after acquiring an additional 56,698 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in McEwen Mining by 2.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,063,345 shares of the basic materials company’s stock valued at $7,667,000 after acquiring an additional 22,231 shares in the last quarter. Toronto Dominion Bank lifted its position in McEwen Mining by 25.2% in the 3rd quarter. Toronto Dominion Bank now owns 25,032 shares of the basic materials company’s stock valued at $163,000 after acquiring an additional 5,032 shares in the last quarter. Quadrature Capital Ltd bought a new stake in McEwen Mining in the 3rd quarter valued at $72,000. Finally, Trexquant Investment LP lifted its position in McEwen Mining by 83.2% in the 3rd quarter. Trexquant Investment LP now owns 90,262 shares of the basic materials company’s stock valued at $587,000 after acquiring an additional 41,000 shares in the last quarter. 17.03% of the stock is owned by institutional investors.

McEwen Mining Company Profile

(Get Free Report)

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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