McEwen Mining (TSE:MUX) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

McEwen Mining Inc (TSE:MUX) (NYSE:MUX) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$10.59 and traded as high as C$11.17. McEwen Mining shares last traded at C$10.98, with a volume of 8,449 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. National Bank Financial raised shares of McEwen Mining to a “strong-buy” rating in a report on Tuesday, April 29th. National Bankshares set a C$20.00 price target on shares of McEwen Mining and gave the company an “outperform” rating in a report on Wednesday, April 30th.

McEwen Mining Stock Down 1.5%

The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 8.46. The company has a market capitalization of C$415.04 million, a PE ratio of 3.96 and a beta of 1.45. The business’s 50 day simple moving average is C$10.59 and its 200 day simple moving average is C$11.14.

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.