McEwen Mining Inc (NYSE:MUX – Get Free Report) (TSE:MUX) VP Stephan Michael Spears sold 2,503 shares of the stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $9.80, for a total transaction of $24,529.40. Following the completion of the sale, the vice president now owns 751 shares of the company’s stock, valued at approximately $7,359.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
McEwen Mining Price Performance
Shares of MUX stock traded up $0.04 during trading hours on Tuesday, reaching $9.75. The stock had a trading volume of 651,881 shares, compared to its average volume of 746,215. The stock’s fifty day simple moving average is $11.25 and its 200 day simple moving average is $8.85. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 0.08. McEwen Mining Inc has a 12 month low of $5.92 and a 12 month high of $12.50. The firm has a market capitalization of $481.75 million, a PE ratio of 5.95 and a beta of 1.51.
McEwen Mining (NYSE:MUX – Get Free Report) (TSE:MUX) last released its quarterly earnings data on Wednesday, May 8th. The basic materials company reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.38). McEwen Mining had a net margin of 44.83% and a return on equity of 16.46%. The firm had revenue of $41.23 million during the quarter, compared to the consensus estimate of $39.80 million. On average, equities research analysts predict that McEwen Mining Inc will post -0.7 EPS for the current year.
Wall Street Analyst Weigh In
Check Out Our Latest Analysis on MUX
Institutional Investors Weigh In On McEwen Mining
Several hedge funds have recently bought and sold shares of MUX. Quadrature Capital Ltd bought a new stake in McEwen Mining during the third quarter valued at approximately $72,000. Rathbones Group PLC bought a new stake in shares of McEwen Mining in the 3rd quarter worth approximately $74,000. Fifth Third Bancorp bought a new stake in shares of McEwen Mining in the 4th quarter worth approximately $98,000. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in shares of McEwen Mining in the 4th quarter worth approximately $107,000. Finally, Paloma Partners Management Co bought a new stake in shares of McEwen Mining in the 1st quarter worth approximately $117,000. 17.03% of the stock is currently owned by 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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