McEwen Mining Inc (NYSE: MUX) on Friday, plunged -9.20% from the previous trading day, before settling in for the closing price of $7.39. Within the past 52 weeks, MUX’s price has moved between $6.46 and $12.50.
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A company in the Basic Materials sector has jumped its sales by 11.25% annually for the last half of the decade. The company achieved an average annual earnings per share of 72.38%. With a float of $45.21 million, this company’s outstanding shares have now reached $53.05 million.
In an organization with 424 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 12.07%, operating margin of -10.69%, and the pretax margin is -26.79%.
McEwen Mining Inc (MUX) Insider and Institutional Ownership
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) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 72.38% 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 2.07.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.87, a number that is poised to hit -0.12 in the next quarter and is forecasted to reach -0.01 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 0.75 million. That was inferior than the volume of 0.94 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 21.91%. Additionally, its Average True Range was 0.43.
During the past 100 days, McEwen Mining Inc’s (MUX) raw stochastic average was set at 8.98%, which indicates a significant increase from 5.98% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 65.34% in the past 14 days, which was higher than the 55.60% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.62, while its 200-day Moving Average is $8.71. However, in the short run, McEwen Mining Inc’s stock first resistance to watch stands at $7.06. Second resistance stands at $7.40. The third major resistance level sits at $7.63. If the price goes on to break the first support level at $6.48, it is likely to go to the next support level at $6.25. The third support level lies at $5.91 if the price breaches the second support level.
McEwen Mining Inc (NYSE: MUX) Key Stats
Market capitalization of the company is 361.90 million based on 53,935K 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.
