McEwen Mining (TSE:MUX) Shares Cross Above 50 Day Moving Average of $11.45

McEwen Mining Inc (TSE:MUX) (NYSE:MUX)’s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$11.45 and traded as high as C$15.53. McEwen Mining shares last traded at C$15.23, with a volume of 67,429 shares changing hands.

McEwen Mining Trading Up 1.1 %

The business’s 50 day simple moving average is C$11.68 and its two-hundred day simple moving average is C$10.34. The stock has a market cap of C$751.49 million, a P/E ratio of 9.56 and a beta of 1.55. The company has a quick ratio of 1.00, a current ratio of 1.75 and a debt-to-equity ratio of 8.25.

McEwen Mining (TSE:MUX) (NYSE:MUX) last issued its quarterly earnings data on Thursday, February 29th. The company reported C$3.95 earnings per share for the quarter, topping analysts’ consensus estimates of C($0.43) by C$4.38. The business had revenue of C$79.89 million for the quarter, compared to analyst estimates of C$71.55 million. McEwen Mining had a return on equity of 7.73% and a net margin of 33.27%. As a group, analysts expect that McEwen Mining Inc will post 0.0794574 EPS for the current year.

McEwen Mining Company Profile

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.