Do McEwen Mining Inc. (MUX) beta value of 1.10 signposts another twist?

McEwen Mining Inc. (MUX) is priced at $1.12 after the most recent trading session. At the very opening of the session, the stock price was $1.11 and reached a high price of $1.11, prior to closing the session it reached the value of $1.08. The stock touched a low price of $1.07.

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Recently in News on March 29, 2021, MCEWEN MINING: Normal Operation Restored in Mexico. McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is pleased to report that activities at its El Gallo Project in Mexico have been restored following successful resolution of the concerns raised by members of the nearby communities. A new 10-year agreement has been reached providing additional support to the communities and greater long-term certainty for the El Gallo operation. You can read further details here


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McEwen Mining Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $1.6000 on 02/01/21, with the lowest value was $0.9000 for the same time period, recorded on 01/27/21.

McEwen Mining Inc. (MUX) full year performance was 46.46%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, McEwen Mining Inc. shares are logging -30.31% during the 52-week period from high price, and 45.75% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.76 and $1.60.

The company’s shares, operating in the sector of Basic Materials managed to top a trading volume set approximately around 2110132 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the McEwen Mining Inc. (MUX) recorded performance in the market was 9.64%, having the revenues showcasing 2.86% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 473.22M, as it employees total of 377 workers.

Analysts verdict on McEwen Mining Inc. (MUX)

During the last month, 2 analysts gave the McEwen Mining Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 1.0613, with a change in the price was noted +0.1201. In a similar fashion, McEwen Mining Inc. posted a movement of +12.13% for the period of last 100 days, recording 5,920,736 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for MUX is recording 0.13 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.13.

McEwen Mining Inc. (MUX): Technical Analysis

Raw Stochastic average of McEwen Mining Inc. in the period of last 50 days is set at 30.00%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 50.00%. In the last 20 days, the company’s Stochastic %K was 42.59% and its Stochastic %D was recorded 42.29%.

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Let’s take a glance in the erstwhile performances of McEwen Mining Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 9.64%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -2.70%, alongside a boost of 46.46% for the period of the last 12 months. The shares increased approximately by 3.85% in the 7-day charts and went down by 5.88% in the period of the last 30 days. Common stock shares were driven by 2.86% during last recorded quarter.

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