The closing price of McEwen Mining Inc (NYSE: MUX) was $8.83 for the day, up 6.39% from the previous closing price of $8.30. In other words, the price has increased by $+0.53 from its previous closing price. On the day, 1186871 shares were traded. MUX stock price reached its highest trading level at $8.89 during the session, while it also had its lowest trading level at $8.36.
Ratios:
Our analysis of MUX’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 436.16M and an Enterprise Value of 388.17M. As of this moment, McEwen’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.52. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.52 while its Price-to-Book (P/B) ratio in mrq is 0.87. Its current Enterprise Value per Revenue stands at 2.86 whereas that against EBITDA is -4.31.
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 6.86, while the 200-Day Moving Average is calculated to be 7.25.
Shares Statistics:
MUX traded an average of 502.10K shares per day over the past three months and 981.05k shares per day 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 29, 2024 were 885.22k with a Short Ratio of 1.76, 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
The firm’s stock currently is rated by 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 -$0.4, with 1 analysts recommending between -$0.4 and -$0.4.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 1 analysts. It ranges from a high estimate of $53.64M to a low estimate of $53.64M. As of the current estimate, McEwen Mining Inc’s year-ago sales were $46.14M, an estimated increase of 16.20% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $57.68M, an increase of 8.60% less than the figure of $16.20% in the same quarter last year. There is a high estimate of $57.68M for the next quarter, whereas the lowest estimate is $57.68M.
A total of 2 analysts have provided revenue estimates for MUX’s current fiscal year. The highest revenue estimate was $244.35M, while the lowest revenue estimate was $222.65M, resulting in an average revenue estimate of $233.5M. In the same quarter a year ago, actual revenue was $224.04M, 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 118.00% from the average revenue estimate for this year.
