McEwen Mining Inc (NYSE:MUX) shares, rose in value, with the stock price down by -3.00% to the previous day’s close as strong demand from buyers drove the stock to $8.08.
Actively observing the price movement in the last trading, the stock closed the session at $8.33, falling within a range of $7.985 and $8.25. The value of beta (5-year monthly) was 1.215. Referring to stock’s 52-week performance, its high was $12.50, and the low was $6.38. On the whole, MUX has fluctuated by -1.94% over the past month.
With the market capitalization of McEwen Mining Inc currently standing at about $435.79 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-13.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 223.69M, with a low estimate of 37.41M and a high estimate of 40.7M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 39.06M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MUX’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of MUX currently trading nearly 6.00% and 7.84% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 57.45, while the 7-day volatility ratio is showing 4.09% which for the 30-day chart, stands at 5.68%. Furthermore, McEwen Mining Inc (MUX)’s beta value is 0.85, and its average true range (ATR) is 0.44.
A comparison of McEwen Mining Inc (MUX) with its peers suggests the former has fared considerably weaker in the market. MUX showed an intraday change of -3.00% in last session, and over the past year, it shrunk by -26.81%%.
Data on historical trading for McEwen Mining Inc (NYSE:MUX) indicates that the trading volumes over the past 10 days have averaged 0.8 and over the past 3 months, they’ve averaged 1.01 million. According to company’s latest data on outstanding shares, there are 53.05 million shares outstanding.
Nearly 16.17% of McEwen Mining Inc’s shares belong to company insiders and institutional investors own 28.40% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.25 million shares as on 2025-03-31, resulting in a short ratio of 5.41. According to the data, the short interest in McEwen Mining Inc (MUX) stood at 1407.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 4.77 million. The stock has risen by 3.86% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MUX stock heading into the next quarter.
