McEwen Mining (TSE:MUX) Stock Passes Above 50-Day Moving Average of $11.45

McEwen Mining Inc (TSE:MUX) (NYSE:MUX) 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.

McEwen Mining Stock Up 1.1 %

The stock’s fifty day moving average is C$11.68 and its 200 day moving average is C$10.34. The company has a market capitalization of C$751.49 million, a P/E ratio of 9.56 and a beta of 1.55. The company has a current ratio of 1.75, a quick ratio of 1.00 and a debt-to-equity ratio of 8.25.

McEwen Mining (TSE:MUX) (NYSE:MUX) last announced 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 company had revenue of C$79.89 million for the quarter, compared to the consensus estimate of C$71.55 million. Research 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.