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

Shares of McEwen Mining Inc (TSE:MUX) (NYSE:MUX) crossed above its fifty day moving average during trading on Friday . The stock has a fifty 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 Stock Down 2.4 %

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

McEwen Mining (TSE:MUX) (NYSE:MUX) last posted its quarterly earnings data 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 analyst estimates 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 forecast that McEwen Mining Inc will post 0.0677185 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.