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

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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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