McEwen Mining Inc (NYSE: MUX) is 65.60% higher on its value in year-to-date trading and has touched a low of $5.92 and a high of $12.23 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MUX stock was last observed hovering at around $10.92 in the last trading session, with the day’s gains setting it 1.02%.
Currently trading at $11.94, the stock is 8.60% and 34.27% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.03 million and changing 9.34% at the moment leaves the stock 55.38% off its SMA200. MUX registered 44.73% gain for a year compared to 6-month gain of 59.41%.
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The stock witnessed a 31.64% loss in the last 1 month and extending the period to 3 months gives it a 76.63%, and is 8.15% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.78% over the week and 6.04% over the month.
McEwen Mining Inc (MUX) has around 575 employees, a market worth around $567.03M and $166.23M in sales. Current P/E ratio is 11.40. Profit margin for the company is 33.27%. Distance from 52-week low is 101.69% and -2.37% from its 52-week high. The company has generated returns on investments over the last 12 months (10.19%).
The EPS is expected to shrink by -126.26% this year
The shares outstanding are 49.44M, and float is at 39.04M with Short Float at 5.26%.
McEwen Mining Inc (MUX) Insider Activity
The most recent transaction is an insider purchase by Ball Ian J, the company’s Director. SEC filings show that Ball Ian J bought 2,656 shares of the company’s common stock on Jun 23 ’23 at a price of $7.16 per share for a total of $19012.0. Following the purchase, the insider now owns 2656.0 shares.
