McEwen Mining Inc (NYSE: MUX) closed the day trading at $8.37 down -1.06% from the previous closing price of $8.46. In other words, the price has decreased by -$0.09 from its previous closing price. On the day, 1601654 shares were traded.
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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 418.26M and an Enterprise Value of 434.97M. As of this moment, McEwen’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.99. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.39 while its Price-to-Book (P/B) ratio in mrq is 0.82. Its current Enterprise Value per Revenue stands at 2.62 whereas that against EBITDA is -5.88.
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 6.98, while the 200-Day Moving Average is calculated to be 7.27.
Shares Statistics:
Over the past 3-months, MUX traded about 527.54K shares per day on average, while over the past 10 days, MUX traded about 836.47k 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 Feb 29, 2024 were 885.22k with a Short Ratio of 1.68, compared to 1.11M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.79% and a Short% of Float of 2.15%.
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
Current recommendations for the stock of the company come from 2 analysts. 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 -$0.46. EPS for the following year is -$0.41, with 1 analysts recommending between -$0.41 and -$0.41.
Revenue Estimates
1 analysts predict $53.91M in revenue for the current quarter. It ranges from a high estimate of $53.91M to a low estimate of $53.91M. As of the current estimate, McEwen Mining Inc’s year-ago sales were $46.14M, an estimated increase of 16.80% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $57.98M, an increase of 9.20% less than the figure of $16.80% in the same quarter last year. There is a high estimate of $57.98M for the next quarter, whereas the lowest estimate is $57.98M.
A total of 2 analysts have provided revenue estimates for MUX’s current fiscal year. The highest revenue estimate was $245.59M, while the lowest revenue estimate was $223.78M, resulting in an average revenue estimate of $234.69M. In the same quarter a year ago, actual revenue was $225.18M, 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 116.90% from the average revenue estimate for this year.
