McEwen Mining (TSE:MUX) Trading Down 17.5%

McEwen Mining Inc (TSE:MUX) (NYSE:MUX)’s stock price was down 17.5% during trading on Thursday . The stock traded as low as C$13.65 and last traded at C$13.78. Approximately 111,782 shares traded hands during trading, an increase of 235% from the average daily volume of 33,339 shares. The stock had previously closed at C$16.71.

McEwen Mining Stock Performance

The company has a quick ratio of 1.00, a current ratio of 1.75 and a debt-to-equity ratio of 8.25. The stock has a market cap of C$696.68 million, a P/E ratio of 8.82 and a beta of 1.55. The business has a 50 day moving average price of C$13.78 and a 200 day moving average price of C$10.96.

McEwen Mining (TSE:MUX) (NYSE:MUX) last released its quarterly earnings data on Thursday, February 29th. The company reported C$3.95 earnings per share (EPS) for the quarter, beating the consensus estimate of C($0.43) by C$4.38. McEwen Mining had a net margin of 33.27% and a return on equity of 7.73%. The company had revenue of C$79.89 million during the quarter, compared to analysts’ expectations of C$71.55 million. As a group, sell-side analysts expect that McEwen Mining Inc will post 0.0820073 EPS for the current year.

McEwen Mining Company Profile

McEwen Mining Inc engages in the exploration, development, production, and sale of gold and silver. It also explores for copper deposits. The company owns 100% interests in the El Gallo and Fenix projects located in Mexico; and the Black Fox Mine and Stock Mill, Grey Fox, and Froome and Tamarack properties in Canada.