McEwen Mining (TSE:MUX) Stock Price Passes Below 50 Day Moving Average - Time to Sell?

Key Points

• Technical signal: McEwen Mining shares crossed below its 50‑day moving average (C$32.12), trading as low as C$32.04 and last at C$32.51 on volume of 42,755; the 200‑day MA is C$29.77.
• Recent results and valuation: The company has a market cap of C$1.93 billion and a P/E of 55.10, reported C$0.78 EPS for the latest quarter with a 17.43% net margin and C$86.06M in revenue, while analysts forecast roughly 0.068 EPS for the current year.
• Operations: McEwen Mining explores, develops and produces gold and silver (and some copper) with projects in Mexico and Canada and a 49% interest in the San José mine in Argentina.

McEwen Mining Inc (TSE:MUX - Get Free Report) NYSE: MUX shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$32.12 and traded as low as C$32.04. McEwen Mining shares last traded at C$32.51, with a volume of 42,755 shares changing hands.

McEwen Mining Price Performance

The firm's fifty day simple moving average is C$32.12 and its 200 day simple moving average is C$29.77. The firm has a market cap of C$1.93 billion, a P/E ratio of 55.10 and a beta of 2.15. The company has a debt-to-equity ratio of 23.47, a quick ratio of 1.00 and a current ratio of 1.69.

McEwen Mining (TSE:MUX - Get Free Report) NYSE: MUX last released its quarterly earnings data on Tuesday, March 17th. The company reported C$0.78 EPS for the quarter. McEwen Mining had a net margin of 17.43% and a return on equity of 6.89%. The business had revenue of C$86.06 million during the quarter. As a group, analysts forecast 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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