McEwen Mining Inc (NYSE:MUX) major shareholder 2190303 Ontario Inc. bought 132,826 shares of the company’s stock in a transaction that occurred on Wednesday, December 30th. The stock was bought at an average cost of $1.13 per share, for a total transaction of $150,093.38. Following the completion of the transaction, the insider now directly owns 75,675,026 shares in the company, valued at $85,512,779.38. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
2190303 Ontario Inc. also recently made the following trade(s):
- On Thursday, December 24th, 2190303 Ontario Inc. bought 43,466 shares of McEwen Mining stock. The stock was bought at an average price of $1.12 per share, with a total value of $48,681.92.
- On Wednesday, December 23rd, 2190303 Ontario Inc. bought 23,584 shares of McEwen Mining stock. The stock was bought at an average price of $1.08 per share, with a total value of $25,470.72.
- On Tuesday, December 22nd, 2190303 Ontario Inc. bought 47,172 shares of McEwen Mining stock. The stock was bought at an average price of $1.04 per share, with a total value of $49,058.88.
Today’s Trading
Shares of McEwen Mining Inc (NYSE:MUX) opened at 1.06 on Friday. The stock’s market capitalization is $318.56 million. The firm’s 50-day moving average is $0.95 and its 200 day moving average is $0.89. McEwen Mining Inc has a 1-year low of $0.65 and a 1-year high of $1.40.
Analyst Ratings
Separately, Zacks Investment Research upgraded shares of McEwen Mining from a “sell” rating to a “hold” rating in a research note on Wednesday.
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 operating segments include Argentina, Mexico and the United States. It has a land position consisting of mining claims, leases of mining claims or concessions of around 814 square miles in Argentina, 697 square miles in Mexico and 241 square miles in Nevada. It holds around 49% interest in Minera Santa Cruz S.A. (NYSE:MUX), owner and operator of the producing San Jose mine in Santa Cruz, Argentina, which is controlled by the majority owner of the joint venture, Hochschild Mining plc (Hochschild). It also owns the El Gallo 1 gold mine in Sinaloa, Mexico. In addition to its operating properties, it also holds interests in numerous exploration stage properties and projects in Argentina, Mexico and the United States, including the Gold Bar (Gold Bar) and Los Azules (Los Azules) projects.
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