McEwen Mining Inc (NYSE: MUX) on Tuesday, soared 14.46% from the previous trading day, before settling in for the closing price of $9.61. Within the past 52 weeks, MUX’s price has moved between $6.38 and $11.39.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Basic Materials sector was 12.31%. The company achieved an average annual earnings per share of 126.83%. With a float of $45.20 million, this company’s outstanding shares have now reached $53.94 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 17.67%, operating margin of -3.96%, and the pretax margin is -18.44%.
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 16.27%, while institutional ownership is 38.30%. 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.
McEwen Mining Inc (MUX) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 126.83% 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 1.89 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 3.52.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.57, a number that is poised to hit 0.11 in the next quarter and is forecasted to reach 1.08 in one year’s time.
Technical Analysis of McEwen Mining Inc (MUX)
Compared to the last year’s volume of 0.84 million, its volume of 1.13 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 75.20%.
During the past 100 days, McEwen Mining Inc’s (MUX) raw stochastic average was set at 95.16%, which indicates a significant increase from 89.72% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 67.38% in the past 14 days, which was higher than the 60.63% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.37, while its 200-day Moving Average is $8.43. Nevertheless, the first resistance level for the watch stands at $11.52 in the near term. At $12.05, the stock is likely to face the second major resistance level. The third major resistance level sits at $12.86. If the price goes on to break the first support level at $10.19, it is likely to go to the next support level at $9.38. Should the price break the second support level, the third support level stands at $8.85.
McEwen Mining Inc (NYSE: MUX) Key Stats
Market capitalization of the company is 593.86 million based on 53,988K outstanding shares. Right now, sales total 174,480 K and income totals -43,690 K. The company made 35,700 K in profit during its latest quarter, and -6,270 K in sales during its previous quarter.
