McEwen Mining Inc (NYSE: MUX) on Tuesday, soared 4.38% from the previous trading day, before settling in for the closing price of $7.53. Within the past 52 weeks, MUX’s price has moved between $6.46 and $12.50.
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During the last 5-year period, the sales growth of Basic Materials Sector giant was 14.68%. The company achieved an average annual earnings per share of -120.06%. With a float of $45.21 million, this company’s outstanding shares have now reached $53.05 million.
Let’s determine the extent of company efficiency that accounts for 424 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 28.41%. 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
According to the Wall Street analysts, stocks earnings will be around -120.06% 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 0.48 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 2.43.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.87, a number that is poised to hit -0.10 in the next quarter and is forecasted to reach 0.08 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 1.04 million, which is a jump from its year-to-date volume of 0.93 million. As of the previous 9 days, the stock’s Stochastic %D was 78.23%. Additionally, its Average True Range was 0.39.
During the past 100 days, McEwen Mining Inc’s (MUX) raw stochastic average was set at 28.64%, which indicates a significant decrease from 89.20% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 48.00% in the past 14 days, which was lower than the 52.61% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.77, while its 200-day Moving Average is $8.92. However, in the short run, McEwen Mining Inc’s stock first resistance to watch stands at $8.01. Second resistance stands at $8.15. The third major resistance level sits at $8.28. If the price goes on to break the first support level at $7.74, it is likely to go to the next support level at $7.61. Should the price break the second support level, the third support level stands at $7.47.
McEwen Mining Inc (NYSE: MUX) Key Stats
Market capitalization of the company is 423.93 million based on 52,925K outstanding shares. Right now, sales total 174,480 K and income totals -43,690 K. The company made 33,520 K in profit during its latest quarter, and -8,230 K in sales during its previous quarter.
