McEwen Mining Inc (NYSE: MUX) is 38.00% higher on its value in year-to-date trading and has touched a low of $5.92 and a high of $12.50 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 $9.01 in the last trading session, with the day’s gains setting it 0.94%.
Currently trading at $9.95, the stock is 13.16% and 5.10% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.0 million and changing 10.43% at the moment leaves the stock 13.48% off its SMA200. MUX registered 47.63% gain for a year compared to 6-month gain of 60.48%.
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The stock witnessed a 6.76% loss in the last 1 month and extending the period to 3 months gives it a -12.18%, and is 19.02% 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 5.41% over the week and 5.09% over the month.
McEwen Mining Inc (MUX) has around 575 employees, a market worth around $508.35M and $185.79M in sales. Current P/E ratio is 5.72. Profit margin for the company is 46.63%. Distance from 52-week low is 68.07% and -20.40% from its 52-week high. The company has generated returns on investments over the last 12 months (16.66%).
with sales reaching $64.42M over the same period.The EPS is expected to shrink by -161.04% this year, but quarterly earnings will post 24.80% year-over-year. Quarterly sales are estimated to grow 24.60% in year-over-year returns.
McEwen Mining Inc (MUX) Top Institutional Holders
125.0 institutions hold shares in McEwen Mining Inc (MUX), with institutional investors hold 38.41% of the company’s shares. The shares outstanding are 49.44M, and float is at 42.58M with Short Float at 3.28%. Institutions hold 32.12% of the Float.
The top institutional shareholder in the company is VAN ECK ASSOCIATES CORP with over 2.05 million shares valued at $$20.22 million. The investor’s holdings represent 4.3131 of the MUX Shares outstanding. As of 2024-03-31, the second largest holder is MIRAE ASSET GLOBAL INVESTMENTS CO., LTD. with 1.1 million shares valued at $$9.1 million to account for 2.3211 of the shares outstanding. The other top investors are SUSQUEHANNA INTERNATIONAL GROUP, LLP which holds 0.84 million shares representing 1.7676 and valued at over $$8.29 million, while POLUNIN CAPITAL PARTNERS LTD holds 1.4357 of the shares totaling 0.68 million with a market value of $$6.73 million.
McEwen Mining Inc (MUX) Insider Activity
The most recent transaction is an insider sale by Diges Carmen L,the company’sGeneral Counsel/Corp Sec. SEC filings show that Diges Carmen L sold 17,066 shares of the company’s common stock on Jun 21 ’24 at a price of $9.44 per share for a total of $0.16 million. Following the sale, the insider now owns 10982.0 shares.
McEwen Mining Inc disclosed in a document filed with the SEC on Jun 18 ’24 that Spears Stephan Michael (VP Corporate Development) sold a total of 2,503 shares of the company’s common stock. The trade occurred on Jun 18 ’24 and was made at $9.80 per share for $24529.0. Following the transaction, the insider now directly holds 751.0 shares of the MUX stock.
Still, SEC filings show that on Jun 18 ’24, Ing Perry (Chief Financial Officer) disposed off 23,332 shares at an average price of $9.76 for $0.23 million. The insider now directly holds 15,551 shares of McEwen Mining Inc (MUX).
