McEwen Mining (TSE:MUX) Stock Passes Above 50 Day Moving Average of $12.05

Shares of McEwen Mining Inc (TSE:MUX) (NYSE:MUX) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$12.05 and traded as high as C$15.25. McEwen Mining shares last traded at C$14.96, with a volume of 57,897 shares traded.

McEwen Mining Price Performance

The stock has a market capitalization of C$739.62 million, a PE ratio of 9.41 and a beta of 1.55. The company has a current ratio of 1.75, a quick ratio of 1.00 and a debt-to-equity ratio of 8.25. The company’s 50 day simple moving average is C$12.05 and its 200 day simple moving average is C$10.51.

McEwen Mining (TSE:MUX) (NYSE:MUX) last released its earnings results on Thursday, February 29th. The company reported C$3.95 EPS for the quarter, topping the consensus estimate of C($0.43) by C$4.38. The firm had revenue of C$79.89 million during the quarter, compared to analysts’ expectations of C$71.55 million. McEwen Mining had a net margin of 33.27% and a return on equity of 7.73%. On average, equities analysts anticipate that McEwen Mining Inc will post 0.0794574 earnings per share 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.