A Peek At What McEwen Mining Inc. (MUX) Insiders Are Doing

McEwen Mining Inc. (NYSE:MUX) saw a downside of -0.92% to close Monday at $1.08 after subtracting -$0.01 on the day. The 5-day average trading volume is 1,949,920 shares of the company’s common stock. It has gained $1.1200 in the past week. An average of 2,923,670 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,785,494.

MUX’s 1-month performance is -6.09% or -$0.0700 on its low of $1.0100 reached on 09/30/21. The company’s shares have touched a 52-week low of $0.90 and high of $1.71, with the stock’s rally to the 52-week high happening on 06/16/21. YTD, MUX has achieved 9.64% or $0.0950. However, the current price is down -36.84%% from the 52-week high price.


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Valuation Metrics

McEwen Mining Inc. (MUX) has a trailing price-to-earnings (P/E) ratio of 20.90 for the broader industry and 13.47 for the sector. The company’s PE ratio for the last five years has touched a high of 329.00 and a low of 47.33. MUX stock has a beta of 1.17. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.11 while the price-to-book (PB) in the most recent quarter is 1.29.

McEwen Mining Inc.’s quick ratio for the recent quarter was 1.10, with the current ratio over the same period at 1.70 meaning that MUX stock is able to fulfill its debt obligations. In terms of profitability, the gross margin trailing 12 months is -12.80%. The trailing 12-month EBITDA margin is -40.80% while McEwen Mining Inc.’s operating margin was -42.20%. The firm’s gross profit as reported stood at -$26.95 million against revenue of $104.79 million.

Earnings Surprise

Net income and sales went up compared to those figures reported in the previous quarter. EBITDA for the quarter stood at more than -$5.46 million. MUX stock balance sheet for the recent quarter shows that total liabilities totaled 132.63 million, with total debt at $54.31 million. Shareholders hold equity totaling $459.19 million

Technical Picture

Let’s look briefly at McEwen Mining Inc. (MUX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 49.64% to suggest the stock is trending Neutral, with historical volatility in this time period at 32.68%.

The stock’s 5-day moving average is $1.0760, reflecting a +1.89% or $0.0200 change from its current price. MUX is currently trading -9.24% above its 20-day SMA, -20.00% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -10.00% and +10.19% respectively.

Stochastic %K and %D was 50.57% and 45.52% and the average true range (ATR) pointed at 0.0515. The RSI (14) points at 47.73%, while the 14-day stochastic is at 48.28% with the period’s ATR at 0.0548. The stock’s 9-day MACD Oscillator is pointing at 0.0211 and 0.0162 on the 14-day charts.

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