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McEwen Mining (TSE:MUX) Stock Passes Above Fifty Day Moving Average - Time to Sell?

McEwen Mining logo with Basic Materials background

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

(Get Free Report)

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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