McEwen Mining Inc (NYSE:MUX) does about 617.11K shares in volume on a normal day but saw 1397030 shares change hands in Tuesday trading. The company now has a market cap of 512.89M USD. Its current market price is $10.80, marking an increase of 1.89% compared to the previous close of $10.60. The 52 week high reached by this stock is $10.65 whilst the lowest price level in 52 weeks is $5.92.
McEwen Mining Inc (MUX) has a 20-day trading average at $8.85 and the current price is 1.36% off the 52-week high compared with 82.43% distance from its 52-week low. The 50-day simple moving average of the closing price is $7.50 and its 200-day simple moving average is $7.35. If we look at the stock’s price movements over the week, volatility stands at 5.45%, which increases to 6.01% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 82.11 to suggest the stock is overbought.
The consensus objective for the share price is $11.75, suggesting that the stock has a potential upside of 8.09% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on September 14, 2020 when ROTH Capital resumed the stock to “Buy” and issued a price target of $2. ROTH Capital initiated its price target at $3.25.
McEwen Mining Inc (MUX) stock is up 18.94% over the week and 57.66% over the past month. Its price is 49.79% year-to-date and 24.57% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/30/2023, with the company’s earnings per share (EPS) of -$0.73 below consensus estimates by -$0.45. MUX’s earnings per share are forecast to grow by 85.20% this year and 10.90% over next year. Expected sales for next quarter are $57.87 million, which analysts say will come at $234.27 million for the current fiscal year and next year at $508.95 million. In addition, estimates put the company’s current quarterly revenue at an average of $53.82 million.
To reach the target analysts have set, the stock logically needs to grow 8.09 percent from here.
Outstanding shares total 49.44M with insiders holding 16.75% of the shares and institutional holders owning 21.04% of the company’s common stock. The company has a return on investment of 10.19% and return on equity of 13.40%. The price to earnings ratio (P/E ratio) amounts to 10.31. The beta has a value of 1.55. Price to book ratio is 1.06 and price to sales ratio is 3.09.
