McEwen Mining Inc (NYSE: MUX) is 7.20% 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 $8.11 in the last trading session, with the day’s gains setting it 0.23%.
Currently trading at $8.34, the stock is 1.97% and -2.63% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.47 million and changing 2.84% at the moment leaves the stock -14.03% off its SMA200. MUX registered 22.29% gain for a year compared to 6-month loss of -19.03%. The firm has a 50-day simple moving average (SMA 50) of $8.565 and a 200-day simple moving average (SMA200) of $9.70105.
The stock witnessed a -0.95% gain in the last 1 month and extending the period to 3 months gives it a -13.84%, and is 7.20% 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 4.29% over the week and 3.97% over the month.
McEwen Mining Inc (MUX) has around 575 employees, a market worth around $441.39M and $199.63M in sales. Current P/E ratio is 4.00. Profit margin for the company is 51.59%. Distance from 52-week low is 40.88% and -33.28% from its 52-week high. The company has generated returns on investments over the last 12 months (19.26%).
The EPS is expected to shrink by -151.30% this year
135.0 institutions hold shares in McEwen Mining Inc (MUX), with institutional investors hold 37.87% of the company’s shares. The shares outstanding are 52.92M, and float is at 44.37M with Short Float at 2.37%. Institutions hold 31.85% of the Float.
The top institutional shareholder in the company is VAN ECK ASSOCIATES CORP with over 2.12 million shares valued at $19.45 million. The investor’s holdings represent 4.285 of the MUX Shares outstanding. As of 2024-06-30, the second largest holder is STATE STREET CORP with 1.34 million shares valued at $12.31 million to account for 2.7122 of the shares outstanding. The other top investors are MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. which holds 1.12 million shares representing 2.2597 and valued at over $10.26 million, while MORGAN STANLEY holds 1.5919 of the shares totaling 0.79 million with a market value of $7.23 million.
McEwen Mining Inc (MUX) Insider Activity
The most recent transaction is an insider purchase by Darveau-Garneau Nicolas, the company’s Director. SEC filings show that Darveau-Garneau Nicolas bought 2,285 shares of the company’s common stock on Dec 06 ’24 at a price of $8.37 per share for a total of $19114.0. Following the purchase, the insider now owns 2285.0 shares.
McEwen Mining Inc disclosed in a document filed with the SEC on Jun 21 ’24 that Diges Carmen L (General Counsel/Corp Sec) sold a total of 17,066 shares of the company’s common stock. The trade occurred on Jun 21 ’24 and was made at $9.44 per share for $0.16 million. Following the transaction, the insider now directly holds 10982.0 shares of the MUX stock.
Still, SEC filings show that on Jun 18 ’24, Spears Stephan Michael (VP Corporate Development) disposed off 2,503 shares at an average price of $9.80 for $24529.0. The insider now directly holds 751 shares of McEwen Mining Inc (MUX).
