Oppenheimer Close buys $2,304,260 stake in McEwen Mining Inc (MUX)

McEwen Mining Inc (MUX) : Oppenheimer Close scooped up 503,500 additional shares in McEwen Mining Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 528,500 shares of McEwen Mining Inc which is valued at $2,304,260.McEwen Mining Inc makes up approximately 2.09% of Oppenheimer Close’s portfolio.

Other Hedge Funds, Including , Group One Trading added MUX to its portfolio by purchasing 50,958 company shares during the most recent quarter which is valued at $222,177. McEwen Mining Inc makes up approx 0.02% of Group One Trading’s portfolio.Credit Suisse Ag reduced its stake in MUX by selling 49,247 shares or 26.24% in the most recent quarter. The Hedge Fund company now holds 138,456 shares of MUX which is valued at $603,668.Acrospire Investment Management boosted its stake in MUX in the latest quarter, The investment management firm added 5,400 additional shares and now holds a total of 8,500 shares of McEwen Mining Inc which is valued at $36,720. McEwen Mining Inc makes up approx 0.03% of Acrospire Investment Management’s portfolio.Staley Capital Advisers Inc reduced its stake in MUX by selling 415,000 shares or 9.22% in the most recent quarter. The Hedge Fund company now holds 4,085,440 shares of MUX which is valued at $17,485,683. McEwen Mining Inc makes up approx 1.74% of Staley Capital Advisers Inc’s portfolio. Rathbone Brothers Plc sold out all of its stake in MUX during the most recent quarter. The investment firm sold 20,000 shares of MUX which is valued $87,800.

McEwen Mining Inc opened for trading at $3.75 and hit $3.97 on the upside on Monday, eventually ending the session at $3.88, with a gain of 1.04% or 0.04 points. The heightened volatility saw the trading volume jump to 28,17,083 shares. Company has a market cap of $1,083 M.

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. (MSC) 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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