McEwen Mining Inc (NYSE:MUX) price on Friday, February 28, remained unchanged to $6.88.
A look at the stock’s price movement, the close in the last trading session was $6.88. The PE ratio in trailing twelve months stood at 3.30. Turning to its 52-week performance, $12.50 and $5.92 were the 52-week high and 52-week low respectively. Overall, MUX moved -16.50% over the past month.
McEwen Mining Inc’s market cap currently stands at around $364.12 million, with investors looking forward to this quarter’s earnings report slated for in April.
Analysts have a consensus estimate of 32.2M for the company’s revenue for the quarter, with a low and high estimate of 28.79M and 35.6M respectively. The average forecast suggests down to a -45.13% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 190.28M, representing a 14.47% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that MUX is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend MUX as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
MUX’s current price about -9.92% and -13.44% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 34.74, while 7-day volatility ratio is 3.88% and 4.35% in the 30-day chart. Further, McEwen Mining Inc (MUX) has a beta value of 1.40, and an average true range (ATR) of 0.36. Analysts have given the company’s stock an average 52-week price target of $10, forecast between a low of $10 and high of $10. Looking at the price targets, the low is -45.35% off current price level while to achieve the yearly target high, price needs to move -45.35%. Nonetheless, investors will most likely welcome a -45.35% jump to $10 which is the analysts’ median price.
If we refocus on McEwen Mining Inc (NYSE:MUX), historical trading data shows that trading volumes averaged 781.05K over the past 3 months. The company’s latest data on shares outstanding shows there are 52.92 million shares.
The 16.17% of McEwen Mining Inc’s shares are in the hands of company insiders while institutional holders own 28.93% of the company’s shares. Current price change has pushed the stock -11.57% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MUX stock continues to rise going into the next quarter.
