McEwen Mining Inc (MUX)

[JD400]

MUX Salt & Light 3orThurs.

Good Morning

Here's whats in the air EnJoy

Remember the grain of salt thang maybe needed.

Let me know if you have seen enough of this daily segment looks like it's stacking up

Thanks

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Investors also need to beware of the McEwen Mining Inc. (NYSE:MUX) valuations. The stock trades on a P/S of 10.2, which suggests that the shares are not attractive compared with peers. The broad Gold industry has an average P/S ratio of 10.02, which is significantly worse than the sector’s 3.17. In the past 13-year record, this ratio went down as low as 3.25 and as high as 415. Also, it is down from 87% of the total 699 rivals across the globe.
McEwen Mining Inc. (MUX)’s Lead Over its Technicals

McEwen Mining Inc. by far traveled 10.99% versus a 1-year low price of $1.82. The share price was last seen -1.46% lower, reaching at $2.02 on 03/14/2018. At recent session, the prices were hovering between $2.02 and $2.08. This company shares are 77.23% off its target price of $3.58 and the current market capitalization stands at $691M. The recent change has given its price a -7.83% deficit over SMA 50 and -42.53% deficit over its 52-week high. The stock witnessed -6.48% declines, 9.19% gains and -22.01% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found MUX’s volatility during a week at 3.08% and during a month it has been found around 4.85%.
McEwen Mining Inc. (NYSE:MUX) Intraday Metrics

McEwen Mining Inc. (MUX) exchanged hands at an unexpectedly low level of 1.65 million shares over the course of the day. Noting its average daily volume at 3.33 million shares each day over the month, this signifies a pretty significant change over the norm.
McEwen Mining Inc. Target Levels

The market experts are predicting a 147.52% rally, based on the high target price ($5) for McEwen Mining Inc. shares that is likely to be hit in the 52 weeks. Analysts anticipate that traders could see stock price minimum in the $2.5 range (lowest target price). If faced, it would be a 23.76% jump from its current position. Overall, the share price is down -11.4% year to date.

Running on Post Analyst today

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Price to Earnings Ratio to Watch – McEwen Mining Inc (NYSE: MUX)

March 15, 2018


The Dow slid 249 points on Wednesday as President Trump escalated threats to clamp down on China. Earlier in the day, the Dow was down as much as 338. The S&P 500 dropped 0.5%, and the Nasdaq shed 0.1%.

Reuters stated on Tuesday that Trump was considering tariffs of up to $60 billion on Chinese imports in response to its alleged theft of US intellectual property. The US Trade Representative’s office declined to comment on possible tariffs.

The report came after Trump blocked a $117 billion deal between chipmakers Broadcom and Qualcomm — an attempt to curb China’s growing progress in the global technology race.

“The market is hyper-vigilant on potential action from the White House,” Quincy Krosby, chief market strategist at Prudential Financial, said.

Boeing (BA), the United States’ leading exporter, lost 2.5%, shaving about 60 points off the Dow. Shareholders are worried that Boeing would be caught in the crosshairs of a trade fight between the two countries. China is Boeing’s second-leading market behind the United States.

The market has been under pressure since Trump declared plans to impose 25% tariffs on imported steel and 10% on aluminum. Trump signed off on the tariffs last week, granting exemptions to Mexico and Canada. Other countries could still be granted exemptions.

On Wednesday, retail sales data came in weaker than economists estimated, a signal the Fed may not need a fourth hike to keep inflation in check. New Fed chair Jerome Powell will preside over his first Fed meeting next week. (Source: CNN Money)

Stock to Watch: McEwen Mining Inc (NYSE: MUX)

On Wednesday, Shares of McEwen Mining Inc (NYSE: MUX) -1.46% and ended its trading session at $2.02. The company saw 1,652,609 shares trade hands over the course of the day. Given that its average daily volume over the 30 days has been 3.33M shares a day, this signifies a pretty noteworthy change over the norm.

Technical Analysis:

The analysts, on average, are forecasting a $3.58 price target, but the individual stock is already up 10.99% from its recent lows. However, the stock is trading at -42.53% as compared to recent highs. Leading up to this report, we have seen a -6.48% return in the stock price over the last 30 days and a 9.19% return over the past 3 months. Since the starting of the calendar year, the stock’s performance is recorded at -11.40%.

The stock price recently practiced a 5-day change of -0.49% with 0.10 as average true range (ATR). MUX has a beta of -1.20 and RSI is 43.12. The stock declared an annual dividend of $0.50% per share.

http://stocksmarketcap.com/2018/03/15/price-to-earnings-ratio-to-watch-mcewen-mining-inc-nyse-mux/

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Most Recent Figure Make This Stock Even More Attractive – McEwen Mining Inc (NYSE: MUX)


March 14, 2018


Hot Stock Analysis: McEwen Mining Inc (NYSE: MUX)

Investors rushed to trade on McEwen Mining Inc (NYSE: MUX) Tuesday, soon after a drastic change of 0.49% in the share price was observed and the stock become able to close its trade at $2.05. The stock becomes active when traders or investors changed hands with 2,307,624 shares contrast to the three-month volume average of 3.37M shares. The ratio between current volume and 3-month average value, also known as Relative volume was observed at 0.68, validating the stock’s In Play state.

Stock Technical’s & Performances to Explore:

Based on a recent bid, this stock (MUX) was trading at a distance of -41.68% from 52-week high and 12.64% away from its 52-week low price. We observed -1.44% rate of return for a stock for the last 5-trading days, which was maintained for the month at 0.99%. Likewise, the performance for the quarter was recorded as 12.02% and for the year was -37.50%. The comparison of these above mentioned historical values gives an idea to investor whether the stock is ready to shift trend (up to down or down to up) or how the stock has recovered the losses or shed gains during its historical phase. For example, if stock’s weekly and monthly performances are positive as compared to year and YTD performance percentage also seems to decrease in comparison to the previous year performance, then one can say that the stock is bouncing back and may able to gain more and more in near future and vice versa. Although stock’s historical performances are key to consider, don’t invest (or not invest) based solely on it. It’s just one measure of value. As a serious shareholder, you need to look at plentiful factors that can assist you determine whether any given stock is a good investment.

Simple Moving Averages (SMAs) in Focus:

Moving averages is one of the key indicator and the most powerful tool used by traders. A simple moving average is easy to calculate, which allows it to be employed fairly quickly and easily. A textbook definition of a moving average is an average price for a security using a specified time period. The simplest form of a moving average, appropriately known as a simple moving average (SMA), is calculated by taking the arithmetic mean of a given set of values. For example, to calculate a basic 10-day moving average you would add up the closing prices from the past 10 days and then divide the result by 10. If a trader wishes to see a 50-day average instead, the same type of calculation would be made, but it would include the prices over the past 50 days and the same process goes on for 200 days.

Do SMAs Signal a Trend Reversal?

Based on a recent bid, this stock (MUX) was trading at a distance of -2.80% from 20 days simple moving average, and its distance from 50 days simple moving average is -6.61% while it has a distance of -10.03% from the 200 days simple moving average. A moving average’s greatest strength is its ability to assist a trader identifies a current trend or spots a possible trend reversal. Moving averages can also identify a level of support or resistance for the security, or act as a simple entry or exit signal.

Stock’s Volatility Analysis:

Volatility is the degree of variation of a trading price series over time as measured by the standard deviation of logarithmic returns. It generally deals with the amount of uncertainty or risk about the size of changes in a security’s value. It can either be calculated by means of the standard deviation or variance between returns from that same security or market index. The Rule of thumb is higher the volatility, the riskier the security. A higher volatility means that a security’s value can potentially be spread out over a larger range of values. This means that the price of the security can change dramatically over a short time period in either direction. A lower volatility means that a security’s value does not fluctuate dramatically, but changes in value at a steady pace over a period of time.

What about MUX Stock’s Volatility?

According to finviz data, MUX stock’s volatility for the week is measured at 3.33%, while for the month it is maintained at 5.06%.

An Eye on Beta Factor:

One gauge of the relative volatility of a specific stock to the market is its beta. A beta approximates the overall volatility of a security’s returns against the returns of a relevant benchmark (usually the S&P 500 is used). Presently, Beta factor for MUX stock stands at -1.20. A beta of 1 indicates that the security’s price moves with the market. A beta of less than 1 means that the security is theoretically less volatile than the market. A beta of greater than 1 indicates that the security’s price is theoretically more volatile than the market. For example, if a stock’s beta is 1.2, it’s theoretically 20% more volatile than the market. Conversely, if an ETF’s beta is 0.65, it is theoretically 35% less volatile than the market. Therefore, the fund’s excess return is predictable to underperform the benchmark by 35% in up markets and outperform by 35% during down markets.

What Do Analysts’ Recommend?

Analysts mean recommendation for the stock is 2.00, (where 1 is Strong Buy and 5 is Strong Sell).

http://stockspen.com/03/14/most-recent-figure-make-this-stock-even-more-attractive-mcewen-mining-inc-nyse-mux/

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Have a good day everybody