Financial Fitness Check: Examining McEwen Mining Inc (MUX)’s Key Ratios

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In the latest session, McEwen Mining Inc (NYSE: MUX) closed at $10.18 down -0.97% from its previous closing price of $10.28. In other words, the price has decreased by -$0.97 from its previous closing price. On the day, 0.63 million shares were traded. MUX stock price reached its highest trading level at $10.45 during the session, while it also had its lowest trading level at $10.14.

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 0.85 and its Current Ratio is at 1.37. In the meantime, Its Debt-to-Equity ratio is 0.09 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 503300224 and an Enterprise Value of 521441216. As of this moment, McEwen’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.60. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.91 while its Price-to-Book (P/B) ratio in mrq is 1.04. Its current Enterprise Value per Revenue stands at 3.019 whereas that against EBITDA is -13.948.

Stock Price History:

The Beta on a monthly basis for MUX is 1.49, which has changed by 0.31694698 over the last 52 weeks, in comparison to a change of 0.2704494 over the same period for the S&P500. Over the past 52 weeks, MUX has reached a high of $12.50, while it has fallen to a 52-week low of $5.92. The 50-Day Moving Average of the stock is -0.26%, while the 200-Day Moving Average is calculated to be 29.46%.

Shares Statistics:

For the past three months, MUX has traded an average of 887.63K shares per day and 959480 over the past ten days. A total of 49.44M shares are outstanding, with a floating share count of 40.64M. Insiders hold about 17.80% of the company’s shares, while institutions hold 20.21% stake in the company. Shares short for MUX as of 1714435200 were 2464095 with a Short Ratio of 2.78, compared to 1711584000 on 1322160. Therefore, it implies a Short% of Shares Outstanding of 2464095 and a Short% of Float of 6.0100004.

Dividends & Splits

The current Payout Ratio is 0.00% for MUX, which recently paid a dividend on 2019-03-07 with an ex-dividend date of 1551916800. Stock splits for the company last occurred on 2022-07-28 when the company split stock in a 1:10 ratio.

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