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ROTH Capital gives a Buy recommendation for McEwen Mining Inc (MUX)

McEwen Mining Inc’s filing revealed that its General Counsel/Corp Sec Diges Carmen L unloaded Company’s shares for reported $0.16 million on Jun 21 ’24. In the deal valued at $9.44 per share,17,066 shares were sold. As a result of this transaction, Diges Carmen L now holds 10,982 shares worth roughly $0.1 million.

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Then, Ing Perry sold 23,332 shares, generating $227,720 in total proceeds. Upon selling the shares at $9.76, the Chief Financial Officer now owns 15,551 shares.

Before that, Spears Stephan Michael sold 2,503 shares. McEwen Mining Inc shares valued at $24,529 were divested by the VP Corporate Development at a price of $9.80 per share. As a result of the transaction, Spears Stephan Michael now holds 751 shares, worth roughly $6999.320000000001.

A number of analysts have revised their coverage, including B. Riley FBR’s analysts, who began to cover the stock in early September with a ‘”a Buy”‘ rating. ROTH Capital began covering MUX with “Buy” recommendation on December 11, 2017.

Price Performance Review of MUX

On Tuesday, McEwen Mining Inc [NYSE:MUX] saw its stock fall -2.00% to $9.32. Over the last five days, the stock has lost -4.02%. McEwen Mining Inc shares have risen nearly 29.26% since the year began. Nevertheless, the stocks have risen 32.20% over the past one year. While a 52-week high of $12.50 was reached on 04/26/24, a 52-week low of $5.92 was recorded on 02/28/24. SMA at 50 days reached $11.05, while 200 days put it at $8.35. A total of 0.58 million shares were traded, compared to the trading of 0.5 million shares in the previous session.

Levels Of Support And Resistance For MUX Stock

The 24-hour chart illustrates a support level at 9.23, which if violated will result in even more drops to 9.13. On the upside, there is a resistance level at 9.51. A further resistance level may holdings at 9.69. The Relative Strength Index (RSI) on the 14-day chart is 30.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 100.00%. Stochastics %K at 5.66% indicates the stock is a buying.

The most recent change occurred on April 20, 2015 when H.C. Wainwright began covering the stock and recommended ‘”a Buy”‘ rating along with a $1.25 price target.

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