McEwen Mining (TSE:MUX) Stock Crosses Below 50 Day Moving Average - What's Next?

McEwen Mining Inc (TSE:MUX - Get Free Report) NYSE: MUX shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$31.72 and traded as low as C$27.69. McEwen Mining shares last traded at C$28.83, with a volume of 43,097 shares.

McEwen Mining Price Performance

The company's 50-day moving average price is C$31.72 and its two-hundred day moving average price is C$29.80. The company has a market cap of C$1.73 billion, a P/E ratio of 48.86 and a beta of 2.18. The company has a current ratio of 1.69, a quick ratio of 1.00 and a debt-to-equity ratio of 23.47.

McEwen Mining (TSE:MUX - Get Free Report) NYSE: MUX last released its earnings results on Tuesday, March 17th. The company reported C$0.78 earnings per share for the quarter. The company had revenue of C$86.06 million during the quarter. McEwen Mining had a net margin of 17.43% and a return on equity of 6.89%. As a group, sell-side analysts expect that McEwen Mining Inc will post 0.0677185 earnings per share for the current year.

About McEwen Mining

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. It also owns interests in the Fuller, Davidson-Tisdale, Buffalo Ankerite, and Paymaster exploration properties located in Canada; and a 49% interest in the San José mine located in Argentina.

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