McEwen Mining (TSE:MUX) Shares Pass Above 50 Day Moving Average – What’s Next?

McEwen Mining Inc (TSE:MUX) (NYSE:MUX) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$13.00 and traded as high as C$14.92. McEwen Mining shares last traded at C$14.40, with a volume of 27,196 shares traded.

McEwen Mining Stock Down 2.4 %

The company has a debt-to-equity ratio of 8.53, a current ratio of 1.68 and a quick ratio of 1.00. The company has a market cap of C$763.06 million, a P/E ratio of 5.67 and a beta of 1.45. The stock has a 50-day moving average of C$13.00 and a 200 day moving average of C$13.74.

McEwen Mining (TSE:MUX) (NYSE:MUX) last released its earnings results on Wednesday, August 7th. The company reported C($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.30) by C($0.06). McEwen Mining had a net margin of 46.63% and a return on equity of 16.78%. The business had revenue of C$64.96 million during the quarter, compared to the consensus estimate of C$60.14 million. Research analysts anticipate that McEwen Mining Inc will post 0.0677185 earnings per share for the current year.

About McEwen Mining

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.