McEwen Mining Inc. (MUX) distance from 200-day Simple Moving Average is $5.31: Right on the Precipice

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McEwen Mining Inc. (NYSE: MUX) open the trading on November 23, 2022, with great promise as it jumped 10.00% to $5.61. During the day, the stock rose to $5.63 and sunk to $5.06 before settling in for the price of $5.10 at the close. Taking a more long-term approach, MUX posted a 52-week range of $2.81-$10.90.


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The Basic Materials Sector giants’ yearly sales growth during the last 5-year period was 17.70%. Meanwhile, its Annual Earning per share during the time was -30.50%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 67.00%. This publicly-traded company’s shares outstanding now amounts to $50.78 million, simultaneously with a float of $39.07 million. The organization now has a market capitalization sitting at $271.52 million. At the time of writing, stock’s 50-day Moving Average stood at $3.87, while the 200-day Moving Average is $5.31.

Let’s gauge the efficiency of the firm, which has a total of 430 employees. For the Profitability, stocks gross margin was -9.94, operating margin was -27.43 and Pretax Margin of -47.02.

McEwen Mining Inc. (MUX) Ownership Facts and Figures

Sometimes it helps to make our mind if we keep our tabs on how bigger investors are working with the stock of the Other Precious Metals & Mining industry. McEwen Mining Inc.’s current insider ownership accounts for 17.61%, in contrast to 22.70% institutional ownership. According to the most recent insider trade that took place on Mar 15, this organization’s CHIEF OPERATING OFFICER bought 23,575 shares at the rate of 1.06, making the entire transaction reach 24,990 in total value, affecting insider ownership by 31,575.

McEwen Mining Inc. (MUX) Earnings and Revenue Records

So, what does the last quarter earnings report of the company that was made public on 9/29/2020 suggests? It has posted -$0.27 earnings per share (EPS) beating the forecaster’s viewpoint (set at -$0.41) by $0.14. This company achieved a net margin of -41.53 while generating a return on equity of -15.32. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.

McEwen Mining Inc.’s EPS increase for this current 12-month fiscal period is 67.00% and is forecasted to reach -1.33 in the upcoming year.

McEwen Mining Inc. (NYSE: MUX) Trading Performance Indicators

Let’s observe the current performance indicators for McEwen Mining Inc. (MUX). It’s Quick Ratio in the last reported quarter now stands at 1.10. The Stock has managed to achieve an average true range (ATR) of 0.36. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 2.32.

In the same vein, MUX’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -1.36, and analysts are predicting that it will be -1.33 at the market close of one year from today.

Technical Analysis of McEwen Mining Inc. (MUX)

[McEwen Mining Inc., MUX] recent stats showed that its last 5-days Average volume was superior the volume it posted in the year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 69.85% While, its Average True Range was 0.38.

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