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McEwen Mining (TSE:MUX) Share Price Crosses Above 50 Day Moving Average - Here's What Happened

McEwen Mining logo with Basic Materials background

McEwen Mining Inc (TSE:MUX - Get Free Report) NYSE: MUX crossed 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 trading hands.

McEwen Mining Price Performance

The firm has a market cap of C$763.06 million, a P/E ratio of 5.67 and a beta of 1.45. 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 firm's 50 day moving average is C$13.00 and its 200 day moving average is C$13.74.

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

McEwen Mining Company Profile

(Get Free Report)

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.

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