McEwen Mining (TSE:MUX) Shares Cross Above Fifty Day Moving Average of $11.45

McEwen Mining Inc (TSE:MUX) (NYSE:MUX)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$11.45 and traded as high as C$15.53. McEwen Mining shares last traded at C$15.23, with a volume of 67,429 shares changing hands.

McEwen Mining Price Performance

The stock has a fifty day moving average of C$11.45 and a 200-day moving average of C$10.27. The company has a quick ratio of 1.00, a current ratio of 1.75 and a debt-to-equity ratio of 8.25. The firm has a market capitalization of C$752.97 million, a P/E ratio of 9.58 and a beta of 1.55.

McEwen Mining (TSE:MUX) (NYSE:MUX) last released its quarterly earnings results on Thursday, February 29th. The company reported C$3.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($0.43) by C$4.38. McEwen Mining had a return on equity of 7.73% and a net margin of 33.27%. The business had revenue of C$79.89 million during the quarter, compared to analysts’ expectations of C$71.55 million. Equities analysts predict that McEwen Mining Inc will post 0.0794574 EPS for the current fiscal year.

About McEwen Mining

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.