McEwen Mining (TSE:MUX) Shares Cross Below 50-Day Moving Average of $14.87

McEwen Mining Inc (TSE:MUX) (NYSE:MUX)’s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$14.87 and traded as low as C$12.39. McEwen Mining shares last traded at C$12.55, with a volume of 9,596 shares.

McEwen Mining Stock Up 6.8 %

The company has a current ratio of 1.37, a quick ratio of 1.00 and a debt-to-equity ratio of 8.64. The firm’s 50 day simple moving average is C$14.78 and its two-hundred day simple moving average is C$12.23. The firm has a market cap of C$655.67 million, a price-to-earnings ratio of 5.85 and a beta of 1.48.

McEwen Mining (TSE:MUX) (NYSE:MUX) last released its earnings results on Wednesday, May 8th. The company reported C($0.55) EPS for the quarter, missing the consensus estimate of C($0.04) by C($0.51). McEwen Mining had a net margin of 45.16% and a return on equity of 9.96%. The firm had revenue of C$55.58 million during the quarter, compared to the consensus estimate of C$54.05 million. On average, equities analysts forecast that McEwen Mining Inc will post 0.0801204 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.