In the latest session, McEwen Mining Inc (NYSE: MUX) closed at $8.06 up 1.90% from its previous closing price of $7.91. In other words, the price has increased by $+0.15 from its previous closing price. On the day, 642373 shares were traded.
Ratios:
For a deeper understanding of McEwen Mining Inc’s stock, let’s take a closer look at its various 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 398.12M and an Enterprise Value of 350.14M. As of this moment, McEwen’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.78. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.30 while its Price-to-Book (P/B) ratio in mrq is 0.79. Its current Enterprise Value per Revenue stands at 2.58 whereas that against EBITDA is -3.89.
Stock Price History:
Over the past 52 weeks, MUX has reached a high of $10.00, while it has fallen to a 52-week low of $5.92. The 50-Day Moving Average of the stock is 6.77, while the 200-Day Moving Average is calculated to be 7.24.
Shares Statistics:
For the past three months, MUX has traded an average of 494.10K shares per day and 758.99k over the past ten days. 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 Feb 15, 2024 were 1.07M with a Short Ratio of 2.16, compared to 1.24M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.17% and a Short% of Float of 2.60%.
Dividends & Splits
The current Payout Ratio is 0.00% for MUX, which recently paid a dividend on Mar 15, 2019 with an ex-dividend date of Mar 07, 2019. Stock splits for the company last occurred on Dec 24, 1991 when the company split stock in a 1:10 ratio.
Earnings Estimates
There are 2 different market analysts currently analyzing its stock. The consensus estimate for the next quarter is -$0.06, with high estimates of $0.03 and low estimates of -$0.15.
Analysts are recommending an EPS of between -$0.03 and -$0.8 for the fiscal current year, implying an average EPS of -$0.47. EPS for the following year is -$0.41, with 1 analysts recommending between -$0.41 and -$0.41.
Revenue Estimates
A total of 1 analysts believe the company’s revenue will be $54.09M this quarter.It ranges from a high estimate of $54.09M to a low estimate of $54.09M. As of the current estimate, McEwen Mining Inc’s year-ago sales were $46.14M, an estimated increase of 17.20% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $58.17M, an increase of 9.60% less than the figure of $17.20% in the same quarter last year. There is a high estimate of $58.17M for the next quarter, whereas the lowest estimate is $58.17M.
A total of 2 analysts have provided revenue estimates for MUX’s current fiscal year. The highest revenue estimate was $246.39M, while the lowest revenue estimate was $224.51M, resulting in an average revenue estimate of $235.45M. In the same quarter a year ago, actual revenue was $225.91M, up 4.20% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $508.95M in the next fiscal year. The high estimate is $508.95M and the low estimate is $508.95M. The average revenue growth estimate for next year is up 116.20% from the average revenue estimate for this year.
