Market Watch: McEwen Mining Inc (MUX)’s Noteworthy Gain, Closing at 8.34

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As of close of business last night, McEwen Mining Inc’s stock clocked out at $8.34, up 1.21% from its previous closing price of $8.24. In other words, the price has increased by $1.21 from its previous closing price. On the day, 1.44 million shares were traded. MUX stock price reached its highest trading level at $8.44 during the session, while it also had its lowest trading level at $8.07.

Ratios:

To gain a deeper understanding of MUX’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.48 and its Current Ratio is at 0.86. 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:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Dec 06 ’24 when Darveau-Garneau Nicolas bought 2,285 shares for $8.37 per share. The transaction valued at 19,114 led to the insider holds 2,285 shares of the business.

Diges Carmen L sold 17,066 shares of MUX for $161,103 on Jun 21 ’24. The General Counsel/Corp Sec now owns 10,982 shares after completing the transaction at $9.44 per share. On Jun 18 ’24, another insider, Spears Stephan Michael, who serves as the VP Corporate Development of the company, sold 2,503 shares for $9.80 each. As a result, the insider received 24,529 and left with 751 shares of the company.

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 449813728 and an Enterprise Value of 476615808. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.58 while its Price-to-Book (P/B) ratio in mrq is 0.89. Its current Enterprise Value per Revenue stands at 2.732 whereas that against EBITDA is 22.692.

Stock Price History:

The Beta on a monthly basis for MUX is 1.19, which has changed by -0.050113916 over the last 52 weeks, in comparison to a change of 0.08190584 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 $6.46. The 50-Day Moving Average of the stock is 7.32%, while the 200-Day Moving Average is calculated to be -6.09%.

Shares Statistics:

It appears that MUX traded 875.31K shares on average per day over the past three months and 1071200 shares per day over the past ten days. A total of 53.05M shares are outstanding, with a floating share count of 45.21M. Insiders hold about 16.17% of the company’s shares, while institutions hold 28.41% stake in the company. Shares short for MUX as of 1740700800 were 4771015 with a Short Ratio of 5.45, compared to 1738281600 on 944009. Therefore, it implies a Short% of Shares Outstanding of 4771015 and a Short% of Float of 13.13.

Dividends & Splits

Against a Trailing Annual Dividend Yield of 0.0The 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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