McEwen Mining (TSE:MUX) Hits New 12-Month High - Still a Buy?

Key Points

• McEwen Mining Inc's stock price hit a new 52-week high of C$19.70, marking a significant milestone for the company.
• The company's market cap stands at C$1.04 billion with a debt-to-equity ratio of 8.46 and a negative PE ratio of -76.64.
• McEwen Mining is involved in the exploration and production of gold and silver, with projects located in Mexico and Canada.

McEwen Mining Inc (TSE:MUX - NYSE: MUX's stock price reached a new 52-week high during trading on Wednesday . The company traded as high as C$19.70 and last traded at C$19.20, with a volume of 210765 shares trading hands. The stock had previously closed at C$18.96.

McEwen Mining Price Performance

The stock's 50-day moving average is C$14.77 and its 200 day moving average is C$12.29. The company has a debt-to-equity ratio of 8.46, a current ratio of 1.17 and a quick ratio of 1.00. The company has a market cap of C$1.04 billion, a PE ratio of -76.64 and a beta of 1.31.

McEwen Mining Company Profile

McEwen Mining Inc engages in the exploration, development, production, and sale of gold and silver. It also explores for copper deposits. The company owns 100% interests in the El Gallo and Fenix projects located in Mexico; and the Black Fox Mine and Stock Mill, Grey Fox, and Froome and Tamarack properties in Canada.

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