Let’s look at the key reasons that are pushing McEwen Mining Inc (MUX) to new highs

On Friday, McEwen Mining Inc (NYSE: MUX) opened higher 5.15% from the last session, before settling in for the closing price of $7.57. Price fluctuations for MUX have ranged from $6.38 to $12.50 over the past 52 weeks.

Over the past five-year period, the growth rate of yearbook sales for the company of the Basic Materials sector was 11.25%. Company’s average yearly earnings per share was noted 72.38% at the time writing. With a float of $45.21 million, this company’s outstanding shares have now reached $53.05 million.

Considering the fact that the conglomerate employs 424 people, you should pay attention to its efficiency factor. 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) Breakdown of a Key Holders of the stock

A key investor’s attitude towards the stock of the Other Precious Metals & Mining industry is another important factor to consider. 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) Recent Fiscal highlights

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 72.38% per share during the next fiscal year.

McEwen Mining Inc (NYSE: MUX) Trading Performance Indicators

Check out the current performance indicators for McEwen Mining Inc (MUX). In the past quarter, the stock posted a quick ratio of 0.48. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.46.

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)

Compared to the last year’s volume of 0.94 million, its volume of 0.87 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 78.67%. Additionally, its Average True Range was 0.48.

During the past 100 days, McEwen Mining Inc’s (MUX) raw stochastic average was set at 54.48%, which indicates a significant decrease from 86.81% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 71.31% in the past 14 days, which was higher than the 57.45% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $7.52, while its 200-day Moving Average is $8.65. Nevertheless, the first resistance level for the watch stands at $8.12 in the near term. At $8.27, the stock is likely to face the second major resistance level. The third major resistance level sits at $8.51. If the price goes on to break the first support level at $7.73, it is likely to go to the next support level at $7.49. Now, if the price goes above the second support level, the third support stands at $7.34.

McEwen Mining Inc (NYSE: MUX) Key Stats

There are currently 53,935K shares outstanding in the company with a market cap of 429.28 million. Presently, the company’s annual sales total 174,480 K according to its annual income of -43,690 K. Last quarter, the company’s sales amounted to 33,520 K and its income totaled -8,230 K.