McEwen Mining (TSE:MUX) Shares Pass Above 50-Day Moving Average of $13.12

Shares of 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$13.12 and traded as high as C$16.09. McEwen Mining shares last traded at C$16.08, with a volume of 15,499 shares traded.

McEwen Mining Price Performance

The stock has a 50-day simple moving average of C$13.28 and a 200 day simple moving average of C$10.84. 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 company has a market cap of C$794.51 million, a P/E ratio of 10.11 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, topping analysts’ consensus estimates of C($0.43) by C$4.38. McEwen Mining had a return on equity of 7.73% and a net margin of 33.27%. The business had revenue of C$79.89 million during the quarter, compared to analysts’ expectations of C$71.55 million. On average, equities analysts expect that McEwen Mining Inc will post 0.0820073 EPS 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.