McEwen Mining Inc (NYSE: MUX) Is Getting Increasingly Hard To Ignore

Currently, there are 47.43M common shares owned by the public and among those 39.21M shares have been available to trade.

Insiders at the company have transacted a total of 1 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 1 of these insider trades were purchases, accounting for 2,656 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.

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The company’s stock has a 5-day price change of -9.62% and -15.65% over the past three months. MUX shares are trading -14.01% year to date (YTD), with the 12-month market performance up to 4.20% higher. It has a 12-month low price of $5.39 and touched a high of $10.00 over the same period. MUX has an average intraday trading volume of 453.53K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -7.90%, -11.57%, and -15.60% respectively.

Institutional ownership of McEwen Mining Inc (NYSE: MUX) shares accounts for 18.67% of the company’s 47.43M shares outstanding.

It has a market capitalization of $294.44M and a beta (3y monthly) value of 1.47. The earnings-per-share (ttm) stands at -$2.54. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.28% over the week and 4.23% over the month.

Analysts forecast that McEwen Mining Inc (MUX) will achieve an EPS of $Immunic, Inc. for the current quarter, $1.26 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $McEwen Mining Inc. while analysts give the company a high EPS estimate of $Magnachip Semiconductor Corpora. Comparatively, EPS for the current quarter was $Murphy Oil Corporation a year ago. Earnings per share for the fiscal year are expected to decrease by -18.13%, and 82.18% over the next financial year.

Looking at the support for the MUX, a number of firms have released research notes about the stock. ROTH Capital stated their Buy rating for the stock in a research note on September 14, 2020, with the firm’s price target at $2.

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