McEwen Mining Inc (NYSE: MUX) is 2.21% higher on its value in year-to-date trading and has touched a low of $6.38 and a high of $11.39 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 $9.18 in the last trading session, with the day’s gains setting it 698.13%.
Currently trading at $707.31K, the stock is 6.25% and 17.69% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.0 million and changing 997150% at the moment leaves the stock 15.66% off its SMA200. MUX registered 24.94% gain for a year compared to 6-month gain of 21.80%. The firm has a 50-day simple moving average (SMA 50) of $8.2592 and a 200-day simple moving average (SMA200) of $8.4038.
The stock witnessed a 20.60% loss in the last 1 month and extending the period to 3 months gives it a 23.51%, and is 2.75% 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 3.95% over the week and 3.68% over the month.
McEwen Mining Inc (MUX) has around 424 employees, a market worth around $524.76M and $168.94M in sales. Fwd P/E is 10.20. Profit margin for the company is -17.51%. Distance from 52-week low is 52.35% and -14.66% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.88%).
The EPS is expected to grow by 116.56% this year
133.0 institutions hold shares in McEwen Mining Inc (MUX), with institutional investors hold 48.02% of the company’s shares. The shares outstanding are 53.94M, and float is at 45.20M with Short Float at 10.23%. Institutions hold 40.51% 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 4.2611 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 2.6971 of the shares outstanding. The other top investors are MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. which holds 1.12 million shares representing 2.2471 and valued at over $10.26 million, while MORGAN STANLEY holds 1.583 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.
