How Have McEwen Mining Inc. (MUX) Insiders Been Trading?

McEwen Mining Inc. (NYSE:MUX) finished Wednesday with an addition of $0.09 to close at $1.18, an upside of 8.26 percent. An average of 2,457,980 shares of common stock have been traded in the last five days. There was a gain of $0.1100 in the past week. The last 20 days have seen an average of 3,031,320 shares traded, while the 50-day average volume stands at 2,820,714.

MUX stock has increased by 0.85% in the last month. The company shares reached their 1-month lowest point of $1.0100 on 09/30/21. With the stock rallying to its 52-week high on 06/16/21, shares of the company touched a low of $0.90 and a high of $1.71 in 52 weeks. In spite of this, the price is down -30.99% from the 52-week high.

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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 13.61 for the sector. In the last five years, McEwen Mining Inc.’s PE ratio has ranged between 329.00 and 47.33. The stock’s beta is 1.17. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.49, the price-to-book (PB) ratio at 1.40.

The company’s most recent quarterly dividend payment was $0.0050 a share, without any change from last year.

The quick ratio of McEwen Mining Inc. for the recent quarter was 1.10, and the current ratio was 1.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.12 and a total debt to equity ratio of 0.00 for the recent quarter. On the profitability front, the trailing 12-month gross margin is -12.80% against a 5-year average of 14.4%. McEwen Mining Inc.’s EBITDA margin is -40.80%, while its operating margin for the same period stands at -42.20%. Its gross profit as reported stood at -$26.95 million compared to revenue of $104.79 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, McEwen Mining Inc.’s return on assets was -10.10%, compared to -8.3% over the last five years. In the past year, the return on investment has been -35.20%, and the 5-year average is -9.0%. Meanwhile, the return on equity (ROE) for the past 12 months has been -13.60% and the 5-year average holds at -10.7%. For the broader industry, ROE averaged -13.62 over the past year.

Technical Picture

From a technical analysis perspective, let’s take a brief look at McEwen Mining Inc. (MUX) price momentum. RSI 9-day as of the close on 13 October was 72.30%, suggesting the stock is Overbought, with historical volatility in this time frame at 36.13%.

As of today, MUX’s price is $1.1040 +10.28% or $0.1100 from its 5-day moving average. However, the stock’s current price level is -2.48% below the SMA50 and +20.33% above the SMA200.

The stochastic %K and %D were 73.67% and 60.99%, respectively, and the average true range (ATR) was 0.0546. With the 14-day stochastic at 100.00% and the average true range at 0.0563, the RSI (14) stands at 62.58%. The stock has reached 0.0322 on the 9-day MACD Oscillator while the 14-day reading was at 0.0424.


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