McEwen Mining Inc (MUX) Stock: A Closer Look at the Market Potential

The price-to-earnings ratio for McEwen Mining Inc (NYSE: MUX) is above average at 10.58x, Company’s 36-month beta value is 1.54.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

The public float for MUX is 39.04M, and currently, short sellers hold a 2.85% ratio of that floaft. The average trading volume of MUX on April 04, 2024 was 635.42K shares.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

MUX) stock’s latest price update

The stock of McEwen Mining Inc (NYSE: MUX) has increased by 2.59 when compared to last closing price of 10.80. Despite this, the company has experienced a 22.16% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-02 that Here is how McEwen (MUX) and Sylvamo Corporation (SLVM) have performed compared to their sector so far this year.

MUX’s Market Performance

McEwen Mining Inc (MUX) has seen a 22.16% rise in stock performance for the week, with a 41.87% gain in the past month and a 56.72% surge in the past quarter. The volatility ratio for the week is 5.46%, and the volatility levels for the past 30 days are at 5.67% for MUX. The simple moving average for the past 20 days is 25.25% for MUX’s stock, with a 50.70% simple moving average for the past 200 days.

Analysts’ Opinion of MUX

Many brokerage firms have already submitted their reports for MUX stocks, with ROTH Capital repeating the rating for MUX by listing it as a “Buy.” The predicted price for MUX in the upcoming period, according to ROTH Capital is $2 based on the research report published on September 14, 2020 of the previous year 2020.

B. Riley FBR, on the other hand, stated in their research note that they expect to see MUX reach a price target of $4.20. The rating they have provided for MUX stocks is “Buy” according to the report published on September 10th, 2019.

ROTH Capital gave a rating of “Buy” to MUX, setting the target price at $3.25 in the report published on December 11th of the previous year.

MUX Trading at 47.76% from the 50-Day Moving Average

After a stumble in the market that brought MUX to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 2.31% of gains for the given period.

Volatility was left at 5.67%, however, over the last 30 days, the volatility rate increased by 5.46%, as shares surge +36.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +68.90% upper at present.

During the last 5 trading sessions, MUX rose by +22.16%, which changed the moving average for the period of 200-days by +55.84% in comparison to the 20-day moving average, which settled at $9.00. In addition, McEwen Mining Inc saw 53.68% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at MUX starting from Ball Ian J, who purchase 2,656 shares at the price of $7.16 back on Jun 23 ’23. After this action, Ball Ian J now owns 2,656 shares of McEwen Mining Inc, valued at $19,012 using the latest closing price.

Stock Fundamentals for MUX

Current profitability levels for the company are sitting at:

  • -0.65 for the present operating margin
  • 0.08 for the gross margin

The net margin for McEwen Mining Inc stands at 0.37. The total capital return value is set at -0.17. Equity return is now at value 13.40, with 9.31 for asset returns.

Based on McEwen Mining Inc (MUX), the company’s capital structure generated 0.08 points at debt to capital in total, while cash flow to debt ratio is standing at -0.96. The debt to equity ratio resting at 0.08. The interest coverage ratio of the stock is -2.71.

Currently, EBITDA for the company is -71.25 million with net debt to EBITDA at -0.53. When we switch over and look at the enterprise to sales, we see a ratio of 3.28. The receivables turnover for the company is 66.2for trailing twelve months and the total asset turnover is 0.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.76.

Conclusion

In a nutshell, McEwen Mining Inc (MUX) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

Related Posts