McEwen Mining Inc (NYSE:MUX) price closed lower on Friday, April 12, dropping -4.31% below its previous close.
A look at the daily price movement shows that the last close reads $11.83. The company’s 5Y monthly beta was ticking 1.55 while its P/E ratio in the trailing 12-month period read 10.81. Taking into account the 52-week price action we note that the stock hit a 52-week high of $11.89 and 52-week low of $5.92. The stock added 28.20% on its value in the past month.
McEwen Mining Inc, which has a market valuation of $537.59 million, is expected to release its quarterly earnings report May 06, 2024 – May 10, 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give MUX a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
The overview shows that MUX’s price is at present 13.88% off the SMA20 and 38.83% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 72.00, with weekly volatility standing at 6.59%. The indicator jumps to 6.43% when calculated based on the past 30 days. McEwen Mining Inc (NYSE:MUX)’s beta value is holding at 1.52, while the average true range (ATR) indicator is currently reading 0.62. An analysis of the McEwen Mining Inc (NYSE:MUX) stock in terms of its daily trading volume indicates that the 3-month average is 718.02K.
Current records show that the company has 49.44M in outstanding shares. The insiders’ percentage holdings are 17.80% of outstanding shares while the percentage share held by institutions stands at 19.53%. But the 57.00% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
