Purchase Of Shares In McEwen Mining Inc. (MUX) By Mah G. Peter

As of Friday close, McEwen Mining Inc.’s (NYSE:MUX) stock was up $0.04, moving up 9.11 percent to $0.50. The average number of shares traded per day over the past five days has been 3,696,660 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.1370 fall in that time frame. In the last twenty days, the average volume was 2,657,030, while in the previous 50 days, it was 2,730,148.


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Since last month, MUX stock retreated -40.47%. Shares of the company fell to $0.4610 on 05/12/22, the lowest level in the past month. A 52-week high of $1.71 was reached on 01/20/22 after having rallying from a 52-week low of $0.46. Since the beginning of this year, MUX’s stock price has dropped by -43.26% or -$0.3835, and marked a new high 5 times. However, the stock has declined by -70.58% since its 52-week high.

McEwen Mining Inc. (MUX) last reported insider trading activity 60 days ago on Mar 15. Mah G. Peter, the CHIEF OPERATING OFFICER of the company, purchased of 23,575 shares for $1.06 on Mar 15. It resulted in a $24,990 investment by the insider. Ladd-Kruger Anna Man-Yue added 10,000 shares at an average price of $1.04 on Aug 17. The insider now owns 50,000 shares following the transaction. On Aug 09, CHIEF FINANCIAL OFFICER Ladd-Kruger Anna Man-Yue bought 20,000 shares at $1.07 apiece. The transaction was valued at $21,400.

Valuation Metrics

The stock’s beta is 1.22. Besides these, the trailing price-to-sales (P/S) ratio of 1.72, the price-to-book (PB) ratio of 0.61.

The latest dividend of $0.0050 per share was paid out, remained unchanged from last year’s $0.0050.

Financial Health

In the recent quarter, McEwen Mining Inc.’s quick ratio stood at 1.30, while its current ratio was 1.60, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.13. On the profitability front, the trailing twelve-month gross margin is -4.70% percent. In the recent year, operating margins totaled -44.50%. Based on annual data, MUX earned -$6.48 million in gross profit and brought in $136.54 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -12.60%. Return on equity (ROE) for the past 12 months was -14.60%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. MUX’s revenue fell -8.46% to $37.13 million during the quarter, while net income inched up to $25.54 million. During the quarter, the company generated -$21.62 million in EBITDA. The liabilities of McEwen Mining Inc. were 156.39 million at the end of its most recent quarter , and its total debt was $53.78 million. The value of shareholders’ equity is $474.28 million.

Technical Picture

This quick technical analysis looks at McEwen Mining Inc.’s (MUX) price momentum. With a historical volatility rate of 64.82%, the RSI 9-day stood at 25.31% on 13 May.

With respect to its five-day moving average, the current McEwen Mining Inc. price is down by -21.41% percent or -$0.1370. At present, MUX shares trade -40.82% below its 20-day simple moving average and -42.18% percent below its 100-day simple moving average. However, the stock is currently trading approximately -31.10% below its SMA50 and -59.11% below its SMA200.

Stochastic coefficient K was 7.86% and Stochastic coefficient D was 4.67%, while ATR was 0.0527. Given the Stochastic reading of 15.06% for the 14-day period, the RSI (14) reading has been calculated as 26.09%. As of today, the MACD Oscillator reading stands at -0.0812, while the 14-day reading stands at -0.1145.

Analyst Ratings

McEwen Mining Inc. (MUX) has been rated Buy by analysts. According to 0 brokerage firms , MUX is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate McEwen Mining Inc. stock as buy, with 4 recommending it as overweight.

With a median target price of $1.60, the current consensus forecast for the stock is $1.00 – $1.75. Based on these forecasts, analysts predict McEwen Mining Inc. (MUX) will achieve an average price target of $1.49.

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