McEwen Mining Inc (NYSE: MUX) on Monday, plunged -4.42% from the previous trading day, before settling in for the closing price of $8.37. Within the past 52 weeks, MUX’s price has moved between $5.92 and $12.50.
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During the last 5-year period, the sales growth of Basic Materials Sector giant was 12.82%. The company achieved an average annual earnings per share of -151.30%. With a float of $44.37 million, this company’s outstanding shares have now reached $52.92 million.
Let’s determine the extent of company efficiency that accounts for 575 employees. 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 Activity
Observing investor behavior towards Other Precious Metals & Mining industry stocks is more important than anything else. The insider ownership of McEwen Mining Inc is 16.17%, while institutional ownership is 30.08%. The most recent insider transaction that took place on Dec 06 ’24, was worth 19,114. In this transaction Director of this company bought 2,285 shares at a rate of $8.37, taking the stock ownership to the 2,285 shares. Before that another transaction happened on Jun 21 ’24, when Company’s General Counsel/Corp Sec sold 17,066 for $9.44, making the entire transaction worth $161,103. This insider now owns 10,982 shares in total.
McEwen Mining Inc (MUX) Earnings and Forecasts
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 2.12. Likewise, its price to free cash flow for the trailing twelve months is 47.57.
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)
Looking closely at McEwen Mining Inc (NYSE: MUX), its last 5-days average volume was 0.47 million, which is a jump from its year-to-date volume of 0.44 million. As of the previous 9 days, the stock’s Stochastic %D was 68.08%. Additionally, its Average True Range was 0.36.
During the past 100 days, McEwen Mining Inc’s (MUX) raw stochastic average was set at 12.18%, which indicates a significant decrease from 43.93% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 41.58% in the past 14 days, which was lower than the 50.08% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.48, while its 200-day Moving Average is $9.69. However, in the short run, McEwen Mining Inc’s stock first resistance to watch stands at $8.16. Second resistance stands at $8.32. The third major resistance level sits at $8.44. If the price goes on to break the first support level at $7.88, it is likely to go to the next support level at $7.76. Should the price break the second support level, the third support level stands at $7.60.
McEwen Mining Inc (NYSE: MUX) Key Stats
Market capitalization of the company is 423.40 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.
