McEwen Mining (TSE:MUX) Shares Cross Above Fifty Day Moving Average of $11.45

McEwen Mining Inc (TSE:MUX) (NYSE:MUX)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$11.45 and traded as high as C$15.53. McEwen Mining shares last traded at C$15.23, with a volume of 67,429 shares trading hands.

McEwen Mining Stock Down 2.0 %

The firm has a 50 day moving average of C$11.45 and a two-hundred day moving average of C$10.27. The firm has a market capitalization of C$752.97 million, a price-to-earnings ratio of 9.58 and a beta of 1.55. The company has a quick ratio of 1.00, a current ratio of 1.75 and a debt-to-equity ratio of 8.25.

McEwen Mining (TSE:MUX) (NYSE:MUX) last released its quarterly earnings data on Thursday, February 29th. The company reported C$3.95 earnings per share for the quarter, beating the consensus estimate of C($0.43) by C$4.38. The business had revenue of C$79.89 million for the quarter, compared to analyst estimates of C$71.55 million. McEwen Mining had a return on equity of 7.73% and a net margin of 33.27%. As a group, sell-side analysts anticipate that McEwen Mining Inc will post 0.0794574 EPS for the current fiscal 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.