On Tuesday, McEwen Mining Inc (NYSE: MUX) was 7.69% up from the session before settling in for the closing price of $7.54. A 52-week range for MUX has been $6.38 – $12.45.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Annual sales at Basic Materials sector company grew by 11.25% over the past five years. When this article was written, the company’s average yearly earnings per share was at 64.34%. With a float of $45.21 million, this company’s outstanding shares have now reached $53.05 million.
Let’s look at the performance matrix of the company that is accounted for 424 employees. 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 Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward McEwen Mining Inc stocks. The insider ownership of McEwen Mining Inc is 16.17%, while institutional ownership is 28.90%. 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) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 64.34% per share during the next fiscal year.
McEwen Mining Inc (NYSE: MUX) Trading Performance Indicators
You can see what McEwen Mining Inc (MUX) is doing with its current performance indicators. In the most recent 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 2.51.
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)
McEwen Mining Inc (NYSE: MUX) saw its 5-day average volume 0.6 million, a negative change from its year-to-date volume of 0.87 million. As of the previous 9 days, the stock’s Stochastic %D was 53.17%. Additionally, its Average True Range was 0.40.
During the past 100 days, McEwen Mining Inc’s (MUX) raw stochastic average was set at 62.37%, which indicates a significant decrease from 63.50% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 48.99% in the past 14 days, which was lower than the 57.49% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.53, while its 200-day Moving Average is $8.49. Nevertheless, the first resistance level for the watch stands at $8.30 in the near term. At $8.48, the stock is likely to face the second major resistance level. The third major resistance level sits at $8.83. If the price goes on to break the first support level at $7.77, it is likely to go to the next support level at $7.42. Assuming the price breaks the second support level, the third support level stands at $7.24.
McEwen Mining Inc (NYSE: MUX) Key Stats
There are 53,935K outstanding shares of the company, which has a market capitalization of 437.95 million. As of now, sales total 174,480 K while income totals -43,690 K. Its latest quarter income was 33,520 K while its last quarter net income were -8,230 K.
