McEwen Mining (TSE:MUX) Shares Pass Below 50 Day Moving Average – Here’s Why

McEwen Mining Inc (TSE:MUX) (NYSE:MUX)’s share price 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 trading hands.

McEwen Mining Stock Performance

The company has a debt-to-equity ratio of 19.65, a quick ratio of 1.00 and a current ratio of 1.14. The company has a market cap of C$1.47 billion, a PE ratio of 20.86 and a beta of 2.22. The company’s 50 day moving average price is C$29.92 and its 200-day moving average price is C$30.69.

McEwen Mining (TSE:MUX) (NYSE:MUX) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$0.65 EPS for the quarter. McEwen Mining had a return on equity of 13.64% and a net margin of 31.39%.The business had revenue of C$102.95 million for the quarter. Equities research analysts anticipate that McEwen Mining Inc will post 0.0677185 earnings per share for the current fiscal 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. 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.