McEwen Mining (TSE:MUX) Sets New 52-Week High at $17.08

Shares of McEwen Mining Inc (TSE:MUX) (NYSE:MUX) hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$17.08 and last traded at C$17.03, with a volume of 70665 shares changing hands. The stock had previously closed at C$16.31.

McEwen Mining Stock Performance

The company has a debt-to-equity ratio of 8.25, a quick ratio of 1.00 and a current ratio of 1.75. The stock’s fifty day moving average price is C$12.51 and its 200-day moving average price is C$10.63. The company has a market capitalization of C$828.12 million, a P/E ratio of 10.53 and a beta of 1.55.

McEwen Mining (TSE:MUX) (NYSE:MUX) last issued its earnings results on Thursday, February 29th. The company reported C$3.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($0.43) by C$4.38. The company had revenue of C$79.89 million for 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%. As a group, research analysts anticipate that McEwen Mining Inc will post 0.0794574 EPS for the current fiscal 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.