McEwen Mining (TSE:MUX) Shares Pass Above 50 Day Moving Average of $15.34

McEwen Mining Inc (TSE:MUXGet Free Report) (NYSE:MUX)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$15.34 and traded as high as C$15.41. McEwen Mining shares last traded at C$15.22, with a volume of 26,820 shares traded.

McEwen Mining Stock Performance

The company has a current ratio of 1.37, a quick ratio of 1.00 and a debt-to-equity ratio of 8.64. The firm has a market capitalization of C$752.02 million, a price-to-earnings ratio of 6.70 and a beta of 1.48. The stock’s 50 day moving average price is C$15.34 and its two-hundred day moving average price is C$11.73.

McEwen Mining (TSE:MUXGet Free Report) (NYSE:MUX) last posted its quarterly earnings results on Wednesday, May 8th. The company reported C($0.55) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.51). McEwen Mining had a return on equity of 9.96% and a net margin of 45.16%. The company had revenue of C$55.58 million for the quarter, compared to analyst estimates of C$54.05 million. On average, analysts forecast that McEwen Mining Inc will post 0.0801204 EPS for the current year.

McEwen Mining Company Profile

(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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