A share price of McEwen Mining Inc [MUX] is currently trading at $8.34, up 2.84%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MUX shares have gain 7.20% over the last week, with a monthly amount drifted -0.95%, and not seem to be holding up well over a long-time horizon.
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.
McEwen Mining Inc experienced fluctuations in its stock price throughout the past year 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 $8.34 at the most recent close of the market. An investor can expect a potential return of 19.9% based on the average MUX price forecast.
Analyzing the MUX fundamentals
Trailing Twelve Months sales for McEwen Mining Inc [NYSE:MUX] were 199.63M which represents 36.05% growth. Gross Profit Margin for this corporation currently stands at 0.15% with Operating Profit Margin at -0.0%, Pretax Profit Margin comes in at 0.69%, and Net Profit Margin reading is 0.52%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.21 and Total Capital is -0.0. 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 8.16 points at the first support level, and at 7.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.46, and for the 2nd resistance point, it is at 8.59.
Ratios To Look Out For
To put it in perspective, the Current Ratio for McEwen Mining Inc [NYSE:MUX] is 1.17. Also, the Quick Ratio is 0.74, while the Cash Ratio stands at 0.57. Considering the valuation of this stock, the price to sales ratio is 2.21, the price to book ratio is 0.88 and price to earnings (TTM) ratio is 4.00.
Transactions by insiders
Recent insider trading involved Darveau-Garneau Nicolas, Director, that happened on Dec 06 ’24 when 2285.0 shares were purchased. General Counsel/Corp Sec, Diges Carmen L completed a deal on Jun 21 ’24 to sell 17066.0 shares. Meanwhile, VP Corporate Development Spears Stephan Michael sold 2503.0 shares on Jun 18 ’24.
