McEwen Mining Inc (NYSE: MUX) on Monday, soared 3.09% from the previous trading day, before settling in for the closing price of $8.42. Within the past 52 weeks, MUX’s price has moved between $5.92 and $12.50.
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A company in the Basic Materials sector has jumped its sales by 8.51% annually for the last half of the decade. The company achieved an average annual earnings per share of -151.30%. With a float of $44.45 million, this company’s outstanding shares have now reached $52.92 million.
In an organization with 575 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 14.89%, operating margin of -0.38%, and the pretax margin is 69.29%.
McEwen Mining Inc (MUX) Insider Updates
Observing investor behavior towards Other Precious Metals & Mining industry stocks is more important than anything else. The insider ownership of McEwen Mining Inc is 16.01%, while institutional ownership is 30.50%. 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) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -151.30% per share during the next fiscal year.
McEwen Mining Inc (NYSE: MUX) Trading Performance Indicators
McEwen Mining Inc (MUX) is currently performing well based on its current performance indicators. A quick ratio of 0.74 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.30. Likewise, its price to free cash flow for the trailing twelve months is 51.62.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.09, a number that is poised to hit -0.09 in the next quarter and is forecasted to reach -0.07 in one year’s time.
Technical Analysis of McEwen Mining Inc (MUX)
Let’s dig in a bit further. During the last 5-days, its volume was 0.6 million. That was inferior than the volume of 0.66 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 49.93%. Additionally, its Average True Range was 0.44.
During the past 100 days, McEwen Mining Inc’s (MUX) raw stochastic average was set at 26.78%, which indicates a significant decrease from 56.39% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 49.11% in the past 14 days, which was lower than the 50.66% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.31, while its 200-day Moving Average is $9.67. However, in the short run, McEwen Mining Inc’s stock first resistance to watch stands at $9.00. Second resistance stands at $9.32. The third major resistance level sits at $9.48. If the price goes on to break the first support level at $8.51, it is likely to go to the next support level at $8.35. Assuming the price breaks the second support level, the third support level stands at $8.03.
McEwen Mining Inc (NYSE: MUX) Key Stats
Market capitalization of the company is 459.39 million based on 52,925K outstanding shares. Right now, sales total 166,230 K and income totals 55,300 K. The company made 52,250 K in profit during its latest quarter, and -2,080 K in sales during its previous quarter.
