Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
McEwen Mining Inc (NYSE: MUX) closed the day trading at $10.87 down -3.12% from the previous closing price of $11.22. In other words, the price has decreased by $-3.12 from its previous closing price. On the day, 0.72 million shares were traded. MUX stock price reached its highest trading level at $11.0299 during the session, while it also had its lowest trading level at $10.582.
Ratios:
For a better understanding of MUX, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.09 and its Current Ratio is at 1.76. In the meantime, Its Debt-to-Equity ratio is 0.08 whereas as Long-Term Debt/Eq ratio is at 0.08.
On September 10, 2019, B. Riley FBR started tracking the stock assigning a Buy rating and target price of $4.20.
On December 11, 2017, ROTH Capital started tracking the stock assigning a Buy rating and target price of $3.25.ROTH Capital initiated its Buy rating on December 11, 2017, with a $3.25 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 23 ’23 when Ball Ian J bought 2,656 shares for $7.16 per share. The transaction valued at 19,012 led to the insider holds 2,656 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MUX now has a Market Capitalization of 537073664 and an Enterprise Value of 571420864. As of this moment, McEwen’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.38. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.11 while its Price-to-Book (P/B) ratio in mrq is 1.07. Its current Enterprise Value per Revenue stands at 3.438 whereas that against EBITDA is -8.002.
Stock Price History:
Over the past 52 weeks, MUX has reached a high of $12.23, while it has fallen to a 52-week low of $5.92. The 50-Day Moving Average of the stock is 25.70%, while the 200-Day Moving Average is calculated to be 42.56%.
Shares Statistics:
Over the past 3-months, MUX traded about 763.93K shares per day on average, while over the past 10 days, MUX traded about 921810 shares per day. A total of 49.44M shares are outstanding, with a floating share count of 39.04M. Insiders hold about 17.80% of the company’s shares, while institutions hold 19.53% stake in the company. Shares short for MUX as of 1711584000 were 1322160 with a Short Ratio of 1.73, compared to 1709164800 on 885216. Therefore, it implies a Short% of Shares Outstanding of 1322160 and a Short% of Float of 3.2099999999999995.
Earnings Estimates
At present, Micron Technology, Inc. analysts are actively evaluating the performance of McEwen Mining Inc (MUX) in the stock market.The consensus estimate for the next quarter is $10.87, with high estimates of $46.05 and low estimates of $1.23.
