McEwen Mining Inc. (NYSE:MUX) went up to recover about 37.4% since recording its record low price of $1.23. The stock experienced 4.97% jump, arriving at $1.69 on 6/19/2019. During the day, the stock price traveled from $1.58 to $1.7. This company shares are 62.72% off its target price of $2.75 and the current market capitalization stands at $620.33M. The recent change has given its price a 19.59% lead over SMA 50 and -32.94% deficit over its 52-week high. The stock witnessed 25.19% gains, -1.17% declines and -5.59% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found MUX’s volatility during a week at 6.71% and during a month it has been found around 6.12%.
What Does McEwen Mining Inc. (MUX) Do?
The company describes itself in regulatory filings as, “McEwen Mining, Inc. is a mining and minerals production and exploration company, which focuses on base metals in Argentina, Mexico and the United States. It operates through the following geographical segments: Mexico, MSC, Nevada, Los Azules, Canada and Other. The company was founded on July 24, 1979 and is headquartered in Toronto, Canada.” [Text can be found here: https://www.marketwatch.com/investing/stock/MUX/profile under company description.]McEwen Mining Inc. (MUX) Top Holders
Institutional investors currently hold around $156 million or 28.1% in MUX stock. Look at its top three institutional owners: Van Eck Associates Corp owns $63.73 million in McEwen Mining Inc., which represents roughly 10.27% of the company’s market cap and approximately 40.85% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 9,908,598 shares of the stock are valued at $15.95 million. The third largest holder is Mirae Asset Global Investments Co., Ltd., which currently holds $7.9 million worth of this stock and that ownership represents nearly 1.27% of its market capitalization.
At the end of March reporting period, 42 institutional holders increased their position in McEwen Mining Inc. (NYSE:MUX) by some 6,183,486 shares, 37 decreased positions by 12,397,745 and 46 held positions by 78,069,877. That puts total institutional holdings at 96,651,108 shares, according to SEC filings. The stock grabbed 7 new institutional investments totaling 493,866 shares while 9 institutional investors sold out their entire positions totaling 2,121,639 shares.McEwen Mining Inc. (NYSE:MUX) Insider Trades
Multiple company employees have indulged in significant insider trading. McEwen Mining Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Brissenden Richard W. has sold 4,000 shares of McEwen Mining Inc. (MUX) in the trading session dated Jun. 11, 2019. These shares are worth $7,720 and were traded at $1.93 each. The SEC filing shows that Brissenden Richard W. performed a sale of 26,000 shares. The Director disposed these shares by way of transaction on May. 07, 2019. The company’s shares were given away at $1.93 per share worth to an income of some $50,180 to the account of Brissenden Richard W..
Director, Brissenden Richard W., sold 25,000 common shares of McEwen Mining Inc. (MUX) in the open market. In a transaction dated Nov. 19, 2018, the shares were put up for sale at an average price of $1.8, raking in a sum of $45,000. After this sale, 30,000 common shares of MUX are directly owned by the insider, with total stake valued at $50,700.
In the transaction dated Sep. 26, 2018, a great number of shares acquired came courtesy the Director; Ashby Michele L added a total of 5,000 shares at an average price of $1.91, amounting to approximately $9,550. The insider now directly owns 67,500 shares worth $114,075.McEwen Mining Inc. (MUX) Analyst Guide
Several analysts have released their opinion on McEwen Mining Inc. (NYSE:MUX), with 0 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 4 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2 average brokerage recommendation [T1].