Shares of McEwen Mining Inc (TSE:MUX - Get Free Report) NYSE: MUX crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$11.14 and traded as high as C$13.21. McEwen Mining shares last traded at C$12.85, with a volume of 37,144 shares.
Wall Street Analyst Weigh In
MUX has been the topic of several research analyst reports. National Bank Financial upgraded McEwen Mining to a "strong-buy" rating in a report on Tuesday, April 29th. National Bankshares set a C$20.00 price objective on shares of McEwen Mining and gave the stock an "outperform" rating in a report on Wednesday, April 30th.
Read Our Latest Stock Analysis on MUX
McEwen Mining Price Performance
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's 50 day moving average price is C$11.28 and its 200 day moving average price is C$11.22. The firm has a market capitalization of C$475.15 million, a P/E ratio of 4.53 and a beta of 1.45.
About McEwen Mining
(
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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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