A new trading day began on Friday, with McEwen Mining Inc (NYSE: MUX) stock price up 7.80% from the previous day of trading, before settling in for the closing price of $10.13. MUX’s price has ranged from $5.92 to $12.50 over the past 52 weeks.
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During the last 5-year period, the sales growth of Basic Materials Sector giant was 8.51%. Meanwhile, its annual earnings per share averaged -158.26%. With a float of $44.50 million, this company’s outstanding shares have now reached $49.44 million.
Let’s determine the extent of company efficiency that accounts for 575 employees. In terms of profitability, gross margin is 10.59%, operating margin of -17.54%, and the pretax margin is 59.74%.
McEwen Mining Inc (MUX) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Other Precious Metals & Mining Industry. The insider ownership of McEwen Mining Inc is 16.01%, while institutional ownership is 28.03%. The most recent insider transaction that took place on Jun 21 ’24, was worth 161,103. In this transaction General Counsel/Corp Sec of this company sold 17,066 shares at a rate of $9.44, taking the stock ownership to the 10,982 shares. Before that another transaction happened on Jun 18 ’24, when Company’s VP Corporate Development sold 2,503 for $9.80, making the entire transaction worth $24,529. This insider now owns 751 shares in total.
McEwen Mining Inc (MUX) Recent Fiscal highlights
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.52 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.16 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -158.26% per share during the next fiscal year.
McEwen Mining Inc (NYSE: MUX) Trading Performance Indicators
Here are McEwen Mining Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.21. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.11.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.74, a number that is poised to hit -0.10 in the next quarter and is forecasted to reach -0.12 in one year’s time.
Technical Analysis of McEwen Mining Inc (MUX)
Looking closely at McEwen Mining Inc (NYSE: MUX), its last 5-days average volume was 0.57 million, which is a drop from its year-to-date volume of 0.67 million. As of the previous 9 days, the stock’s Stochastic %D was 76.99%. Additionally, its Average True Range was 0.48.
During the past 100 days, McEwen Mining Inc’s (MUX) raw stochastic average was set at 67.87%, which indicates a significant decrease from 96.77% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.67% in the past 14 days, which was lower than the 49.99% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.32, while its 200-day Moving Average is $9.24. However, in the short run, McEwen Mining Inc’s stock first resistance to watch stands at $11.18. Second resistance stands at $11.44. The third major resistance level sits at $11.89. If the price goes on to break the first support level at $10.46, it is likely to go to the next support level at $10.01. Now, if the price goes above the second support level, the third support stands at $9.75.
McEwen Mining Inc (NYSE: MUX) Key Stats
With a market capitalization of 578.65 million, the company has a total of 50,973K Shares Outstanding. Currently, annual sales are 166,230 K while annual income is 55,300 K. The company’s previous quarter sales were 47,480 K while its latest quarter income was -13,000 K.
