McEwen Mining Inc (NYSE:MUX) traded at $12.26 at close of the session on Friday, April 26, made an upward move of 2.68% on its previous day’s price.
Looking at the stock we see that its previous close was $11.94 . The company has a trailing 12-month PE ratio of 11.70. In terms of its 52-week price range, MUX has a high of $12.23 and a low of $5.92. The company’s stock has gained about 27.31% over that past 30 days.
McEwen Mining Inc has a market cap of $606.13 million. Estimates by analysts give the company expected earnings per share (EPS) of -$0.1, with the EPS growth for the year raised at -$0.47 for 2024 and -$0.41 for next year. These figures represent 85.10% and 12.80% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $54.44 million, with a low of $54.44 million and a high of $54.44 million. The median projection represents growth squeezing down to 18.00% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $236.97 million, or 4.20% up from figures reported last year.
On the other hand, looking at the outlook for the MUX stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note the current price level is 10.35% off its SMA20 and 36.18% from its 50-day simple moving average. The RSI (14) is pointing at 71.78 while the volatility over the past week is 5.88% and jumps to 6.01% over the past one month. The beta value is 1.47, while the average true range (ATR) is currently pointing at 0.63.
Coming back to McEwen Mining Inc (NYSE:MUX), we note that the average 3-month trading volume was 799.17K. Current shares outstanding are 49.44 million.
The insiders hold 17.80% of the company’s shares while institutions hold 19.90%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 70.04% up in year-to-date price movement.
