McEwen Mining (TSE:MUX) Stock Price Passes Below 50 Day Moving Average – Time to Sell?

Shares of McEwen Mining Inc (TSE:MUX) (NYSE:MUX) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$29.92 and traded as low as C$24.11. McEwen Mining shares last traded at C$24.62, with a volume of 60,193 shares traded.

McEwen Mining Price Performance

The business’s 50-day simple moving average is C$29.75 and its two-hundred day simple moving average is C$30.65. The stock has a market cap of C$1.52 billion, a price-to-earnings ratio of 21.55 and a beta of 2.22. The company has a debt-to-equity ratio of 19.65, a current ratio of 1.14 and a quick ratio of 1.00.

McEwen Mining (TSE:MUX) (NYSE:MUX) last announced its quarterly earnings results on Wednesday, May 6th. The company reported C$0.65 earnings per share (EPS) for the quarter. McEwen Mining had a net margin of 31.39% and a return on equity of 13.64%. The company had revenue of C$102.95 million during the quarter. Research analysts expect that McEwen Mining Inc will post 0.0677185 earnings per share 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. It also owns interests in the Fuller, Davidson-Tisdale, Buffalo Ankerite, and Paymaster exploration properties located in Canada; and a 49% interest in the San José mine located in Argentina.