On June 18, 2024, Perry Ing, the Chief Financial Officer of McEwen Mining Inc (MUX, Financial), executed a sale of 23,332 shares of the company, according to the SEC Filing. Following this transaction, the insider now owns 15,551 shares of the company.
McEwen Mining Inc (MUX, Financial) is involved in the exploration, development, production, and sale of gold and silver in the Americas. The company primarily operates projects in Argentina, Mexico, and Nevada.
Over the past year, the insider transaction history for McEwen Mining Inc shows a trend with 1 insider buy and 3 insider sells. The insider, Perry Ing, has not purchased any shares over the past year but has sold a total of 23,332 shares.
On the valuation front, shares of McEwen Mining Inc were trading at $9.76 on the day of the insider's recent transaction. This pricing gives the company a market cap of $496.478 million. The price-earnings ratio of the stock stands at 5.90, which is lower than the industry median of 17.53 and also below the company’s historical median.
According to the GF Value, which is an intrinsic value estimate from GuruFocus, McEwen Mining Inc has a GF Value of $10.81. With the current price of $9.76, the stock has a price-to-GF-Value ratio of 0.9, indicating that it is modestly undervalued.
The GF Value is calculated based on historical trading multiples like the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by a GuruFocus factor which considers past returns and growth, and future business performance estimates provided by Morningstar analysts.
This sale by the insider could be of interest to current and potential investors, providing insight into insider confidence and valuation perspectives at McEwen Mining Inc.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
