At the time of writing, McEwen Mining Inc [MUX] stock is trading at $12.22, down -0.33%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MUX shares have gain 12.42% over the last week, with a monthly amount glided 23.94%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, B. Riley FBR started tracking the stock with Buy rating on September 10, 2019, and set its price target to $4.20. On December 11, 2017, ROTH Capital initiated with a Buy rating and assigned a price target of $3.25 on the stock. H.C. Wainwright initiated its recommendation with a Buy and recommended $1.25 as its price target on April 20, 2015. Stifel Nicolaus started tracking with a Buy rating for this stock on February 08, 2013, and assigned it a price target of $3.75.
For the past year, the stock price of McEwen Mining Inc fluctuated between $5.92 and $12.50. Currently, Wall Street analysts expect the stock to reach $10 within the next 12 months. McEwen Mining Inc [NYSE: MUX] shares were valued at $12.22 at the most recent close of the market. An investor can expect a potential drop of -18.17% based on the average MUX price forecast.
Analyzing the MUX fundamentals
According to McEwen Mining Inc [NYSE:MUX], the company’s sales were 166.23M for trailing twelve months, which represents an 107.79% jump. Gross Profit Margin for this corporation currently stands at 0.08% with Operating Profit Margin at -0.65%, Pretax Profit Margin comes in at 0.4%, and Net Profit Margin reading is 0.37%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.15 and Total Capital is -0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.08.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 12.01 points at the first support level, and at 11.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.45, and for the 2nd resistance point, it is at 12.68.
Ratios To Look Out For
It is important to note that McEwen Mining Inc [NYSE:MUX] has a current ratio of 1.76. Further, the Quick Ratio stands at 1.09, while the Cash Ratio is 0.77. Considering the valuation of this stock, the price to sales ratio is 3.63, the price to book ratio is 1.20 and price to earnings (TTM) ratio is 11.67.
Transactions by insiders
Recent insider trading involved Ball Ian J, Director, that happened on Jun 23 ’23 when 2656.0 shares were purchased.
