McEwen Mining Inc (MUX) concluded trading on Thursday at a closing price of $10.32, with 4.1 million shares of worth about $42.34 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 61.76% during that period and on May 09, 2024 the price saw a loss of about -15.27%. Currently the company’s common shares owned by public are about 49.44M shares, out of which, 40.64M shares are available for trading.
Stock saw a price change of -11.11% in past 5 days and over the past one month there was a price change of -11.57%. Year-to-date (YTD), MUX shares are showing a performance of 43.13% which increased to 24.94% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.92 but also hit the highest price of $12.50 during that period. The average intraday trading volume for McEwen Mining Inc shares is 829.74K. The stock is currently trading -10.50% below its 20-day simple moving average (SMA20), while that difference is up 2.83% for SMA50 and it goes to 31.44% higher than SMA200.
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McEwen Mining Inc (NYSE: MUX) currently have 49.44M outstanding shares and institutions hold larger chunk of about 19.99% of that.
The stock has a current market capitalization of $510.22M and its 3Y-monthly beta is at 1.52. PE ratio of stock for trailing 12 months is 6.69, while it has posted earnings per share of $1.54 in the same period. It has Quick Ratio of 0.85 while making debt-to-equity ratio of 0.09. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MUX, volatility over the week remained 5.67% while standing at 5.40% over the month.
Analysts are in expectations that McEwen Mining Inc (MUX) stock would likely to be making an EPS of -$0.1 in the current quarter, while forecast for next quarter EPS is -$0.06 and it is -$0.41 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.15 which is -$0.04 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to drop by -126.26% while it is estimated to increase by 0.66% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by ROTH Capital on September 14, 2020 offering a Buy rating for the stock and assigned a target price of $2 to it. Coverage by B. Riley FBR stated McEwen Mining Inc (MUX) stock as a Buy in their note to investors on September 10, 2019, suggesting a price target of $4.20 for the stock. On December 11, 2017, ROTH Capital Initiated their recommendations, while on June 29, 2015, H.C. Wainwright Resumed their ratings for the stock with a price target of $1.30. Stock get a Buy rating from H.C. Wainwright on April 20, 2015.
