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

McEwen Mining Inc (TSE:MUX) (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) (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.