Trading Report: Today, McEwen Mining Inc. (MUX) Downgraded by Zacks Investment Research to “Hold”

Today, McEwen Mining Inc. (MUX) Downgraded by Zacks Investment Research to “Hold”

McEwen Mining Inc. (NYSE:MUX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday.

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) opened at 3.30 on Thursday. The stock has a 50 day moving average of $3.85 and a 200 day moving average of $3.30. The company has a market cap of $986.54 million, a PE ratio of 110.00 and a beta of 0.20. McEwen Mining has a 12-month low of $0.79 and a 12-month high of $4.92.

10/06/mcewen-mining-inc-mux-downgraded-by-zacks-investment-research-to-hold.html

In related news, Director Michele L. Ashby sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 27th. The shares were sold at an average price of $3.45, for a total value of $34,500.00. Following the sale, the director now owns 42,500 shares in the company, valued at $146,625. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 26.60% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA boosted its stake 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 valued at $103,000 after buying an additional 26,577 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of McEwen Mining during the second quarter valued at about $116,000. Teacher Retirement System of Texas boosted its stake 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 valued at $123,000 after buying an additional 4,483 shares in the last quarter. TFS Capital LLC bought a new stake in shares of McEwen Mining during the second quarter valued at about $124,000. Finally, Private Advisor Group LLC boosted its stake 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 valued at $129,000 after buying an additional 7,528 shares in 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.

Related posts

Leave a Comment