McEwen Mining Inc (MUX)

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MUX S & L


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Under Analysts’ Radar: Mcewen Mining Inc (MUX)
By
Melanie Gerald -Emn news

March 16, 2018

Mcewen Mining Inc (NYSE:MUX) down -2.48% to close at the price of $1.97. The stock has a market capitalization of $673.9 Million however its outstanding shares are 342.08 Million. The company’s beta value stood at -1.2.

Mcewen Mining Inc (NYSE:MUX) has an ABR of 1 which is the combined stock view of 2 analysts poll results. As per Zacks simplified descending rating scale the ABR rank is displayed in the range of 1 to 5 where 1 represents Strong Buy and 5 a Strong Sell. As the name implies that ABR will show you the Average of Brokerage Recommendations on a given stock. It helps you quickly get a picture of where Wall Street stands on a stock without reading huge research reports. The smaller number of ABR is the more favorable. The modest value of the stock is known as the current ABR of the stock.

However out of 2 analysts 0 suggest Mcewen Mining Inc (NYSE:MUX) a Strong Buy, 3 suggested Buy, 0 Hold and 0 Sell, while 0 analysts recommend the stock a Strong Sell.

Taking a broader look at the analyst consensus, brokerage firms have a price target of $3.58 on Mcewen Mining Inc (NYSE:MUX). Brokerage firms on the street have price targets on the name ranging from $2.5 to $5 based on 3 opinions.

Mcewen Mining Inc (NYSE:MUX) as of current trade, has shown weekly performance of -3.9% which was maintained at -10.05% in one month period. Year to date performance remained at -13.6%. During the past three months the stock gain 6.49%, however six months performance of the stock remained at -20.88%. Mcewen Mining Inc (NYSE:MUX)’s price sits -9.9% off from its SMA 50 of $2.14 and -13.29% away from the SMA 200 which is at $2.15.

Currently Mcewen Mining Inc (NYSE:MUX)’s shares owned by insiders are 0.2%, whereas shares owned by institutional owners are 30.3%. However the six-month change in the insider ownership was recorded 2.92%, as well as three-month change in the institutional ownership was recorded 6.55%.

The stock is trading -43.95% away from its 52 week high of $3.52 and 8.24% far from the stock’s low point over the past 52 weeks, which was $1.82.

The price-earnings ratio (P/E ratio) is the ratio for valuing a company that measures its current share price relative to its per-share earnings. Mcewen Mining Inc (NYSE:MUX)’s price to earnings ratio stood at 0. A high P/E suggests that investors are expecting higher earnings growth in the future compared to companies with a lower P/E. A low P/E can indicate either that a company may currently be undervalued or that the company is doing exceptionally well relative to its past trends.

The PEG ratio is used to determine a stock’s value while taking the company’s earnings growth into account, and is considered to provide a more complete picture than the P/E. Mcewen Mining Inc (NYSE:MUX) has a current PEG of 0. Mcewen Mining Inc (NYSE:MUX)’s price to sales ratio for trailing twelve month stands at 9.95, whereas its price to book ratio for the most recent quarters is at 1.26. However the company’s price to cash per share for most recent quarter stands at 0.1. Its price to free cash flow for trailing twelve months is 19.14.

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Quant Ratios & Signals in Focus For McEwen Mining Inc. (NYSE:MUX)


Posted by Street Contributor on March 16, 2018 at 9:01 am

McEwen Mining Inc. (NYSE:MUX) has a Q.i. Value of 68.00000. The purpose of the Q.i. Value is to help identify companies that are the most undervalued. Typically, the lower the value, the more undervalued the company tends to be. The Q.i. Value ranks companies using four ratios. These ratios consist of EBITDA Yield, FCF Yield, Liquidity, and Earnings Yield.

With the stock market still riding high, bear market scenarios may not be at the forefront of the average investor’s mind. There are plenty of professionals out there that are predicting that the markets will be turning south in the near future. There are others who believe that the bulls are still in control, and they will be leading the charge higher over the next few months. Nobody knows for sure which scenario will play out, but being ready for any market situation may turn out to be a portfolio savior in the long-term. Any time the stock market drops sharply or sees sustained losses, investors may start to worry. These declines are usually followed by extreme headlines from financial news outlets. It is important to remember that corrections are a normal part of market cycles. Being able to control panic and pessimism may be a great skill for the investor to use when times get tough. Knowing exactly what stocks are in the portfolio can help make unsettling market conditions bearable for investors. If the hard research has been done and the plan is in motion, there may not be any need to second guess and cause more problems before things turn around and smooth out.

Checking in on some valuation rankings, McEwen Mining Inc. (NYSE:MUX) has a Value Composite score of 68. Developed by James O’Shaughnessy, the VC score uses five valuation ratios. These ratios are price to earnings, price to cash flow, EBITDA to EV, price to book value, and price to sales. The VC is displayed as a number between 1 and 100. In general, a company with a score closer to 0 would be seen as undervalued, and a score closer to 100 would indicate an overvalued company. Adding a sixth ratio, shareholder yield, we can view the Value Composite 2 score which is currently sitting at 73.

Following volatility data can help measure how much the stock price has fluctuated over the specified time period. Although past volatility action may help project future stock volatility, it may also be vastly different when taking into account other factors that may be driving price action during the measured time period.

We can now take a quick look at some historical stock price index data. McEwen Mining Inc. (NYSE:MUX) presently has a 10 month price index of 0.66892. The price index is calculated by dividing the current share price by the share price ten months ago. A ratio over one indicates an increase in share price over the period. A ratio lower than one shows that the price has decreased over that time period.

McEwen Mining Inc. (NYSE:MUX) has a current ERP5 Rank of 12605. The ERP5 Rank may assist investors with spotting companies that are undervalued. This ranking uses four ratios. These ratios are Earnings Yield, ROIC, Price to Book, and 5 year average ROIC. When looking at the ERP5 ranking, it is generally considered the lower the value, the better.

Looking at some alternate time periods, the 12 month price index is 0.59459, the 24 month is 1.00505, and the 36 month is 2.05128. Narrowing in a bit closer, the 5 month price index is 0.96814, the 3 month is 0.94498, and the 1 month is currently 0.86404.

Watching some historical volatility numbers on shares of McEwen Mining Inc. (NYSE:MUX), we can see that the 12 month volatility is presently 47.351700. The 6 month volatility is 50.575900, and the 3 month is spotted at 56.884600.

Key Ratios

Turning to some key ratios, McEwen Mining Inc. (NYSE:MUX)’s Leverage Ratio was recently noted as 0.001011. This ratio is calculated by dividing total debt by total assets plus total assets previous year, divided by two. The leverage of a company is relative to the amount of debt on the balance sheet. This ratio is often viewed as one measure of the financial health of a firm.

McEwen Mining Inc. (NYSE:MUX) presently has a current ratio of 2.31. The current ratio, also known as the working capital ratio, is a liquidity ratio that displays the proportion of current assets of a business relative to the current liabilities. The ratio is simply calculated by dividing current liabilities by current assets. The ratio may be used to provide an idea of the ability of a certain company to pay back its liabilities with assets. Typically, the higher the current ratio the better, as the company may be more capable of paying back its obligations.

The price to book ratio or market to book ratio for McEwen Mining Inc. (NYSE:MUX) currently stands at 1.273800. The ratio is calculated by dividing the stock price per share by the book value per share. This ratio is used to determine how the market values the equity. A ratio of under 1 typically indicates that the shares are undervalued. A ratio over 1 indicates that the market is willing to pay more for the shares. There are often many underlying factors that come into play with the Price to Book ratio so all additional metrics should be considered as well.

Ever wonder how investors predict positive share price momentum? The Cross SMA 50/200, also known as the “Golden Cross” is the fifty day moving average divided by the two hundred day moving average. The SMA 50/200 for McEwen Mining Inc. (NYSE:MUX) is currently 0.94119. If the Golden Cross is greater than 1, then the 50 day moving average is above the 200 day moving average – indicating a positive share price momentum. If the Golden Cross is less than 1, then the 50 day moving average is below the 200 day moving average, indicating that the price might drop.

C Score (Montier)

The C-Score is a system developed by James Montier that helps determine whether a company is involved in falsifying their financial statements. The C-Score is calculated by a variety of items, including a growing difference in net income verse cash flow, increasing days outstanding, growing days sales of inventory, increasing assets to sales, declines in depreciation, and high total asset growth. The C-Score of McEwen Mining Inc. (NYSE:MUX) is 4.00000. The score ranges on a scale of -1 to 6. If the score is -1, then there is not enough information to determine the C-Score. If the number is at zero (0) then there is no evidence of fraudulent book cooking, whereas a number of 6 indicates a high likelihood of fraudulent activity. The C-Score assists investors in assessing the likelihood of a company cheating in the books.


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Could McEwen Mining Inc. (MUX) See a Reversal After Having Formed Several Months Bullish Inverse Head & Shoulders Pattern

March 16, 2018 - By Louis Casey KL Daily

The stock of McEwen Mining Inc. (MUX) formed H&SI with $2.11 price target or 7.00 % above the current $1.97 share price. The 6 months Head & Shoulders Inverse reveals low risk for the $664.00M company. This trade was featured by Faxor.com on Mar, 16. If the $2.11 target price is reached, the company’s valuation will be $46.48M more.
Inverse Head-and-shoulders are some of the best chart patterns to trade. These formations work as in bear as in bull markets and many researchers states that they have very low failure rates. Despite the high pullback rate, these trading patterns are usually good places to trade based on their risk-reward profile. Industry experts’s backtests show that 55% of these patterns reach their targets.

The stock decreased 2.48% or $0.05 during the last trading session, reaching $1.97. About 1.83M shares traded. McEwen Mining Inc. (NYSE:MUX) has risen 12.45% since March 16, 2017 and is uptrending. It has underperformed by 4.25% the S&P500.

McEwen Mining Inc. (NYSE:MUX) Ratings Coverage

Among 2 analysts covering McEwen Mining (NYSE:MUX), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. McEwen Mining had 10 analyst reports since July 18, 2017 according to SRatingsIntel. The rating was maintained by H.C. Wainwright with “Buy” on Tuesday, January 16. The firm earned “Buy” rating on Thursday, August 3 by H.C. Wainwright. The rating was maintained by H.C. Wainwright with “Buy” on Wednesday, October 11. Roth Capital maintained the shares of MUX in report on Tuesday, January 16 with “Buy” rating. The rating was maintained by H.C. Wainwright with “Buy” on Thursday, October 19. The stock of McEwen Mining Inc. (NYSE:MUX) has “Buy” rating given on Friday, November 3 by H.C. Wainwright. The stock has “Buy” rating by H.C. Wainwright on Tuesday, July 18. The firm has “Buy” rating given on Thursday, November 9 by H.C. Wainwright. The stock of McEwen Mining Inc. (NYSE:MUX) has “Buy” rating given on Friday, August 11 by H.C. Wainwright.

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Stock Under the Microscope: McEwen Mining Inc. (NYSE:MUX)

Newberry Journal

Sharp investors are usually looking for true bargains in the stock market. Finding these stocks can help give the stock portfolio a boost. Shares of McEwen Mining Inc. (NYSE:MUX) have come into focus recently. Checking in on the stock, we can see that it has been trading near the $1.97 level. Going forward, the investment community will be closely monitoring shares looking for signs of positive momentum. Investors will often follow the current stock price relative to its 52-week high and low levels. The 52-week high is presently 3.4, and the 52-week low is sitting at 1.83. When the stock is trading near the 52-week high or 52-week low, investors may pay increased attention to see if there will be a move through that level. Scanning back over the past 12 weeks, the stock has moved -12.83%. Heading back to the beginning of the calendar year, we can see that shares have changed -13.6%. Over the last 4 weeks, shares have seen a change of -18.26%. Over the last 5 sessions, the stock has moved -3.9%.

Strictly technical traders typically don’t pay a whole lot of attention to fundamental factors such as value, competition, or company management. Technical analysts want to figure out trends based on indicators, charts, and prior price data. These types of traders are usually highly active and hold positions for short periods of time in order to capitalize on short-term price fluctuations. Active traders may be quick to unload a position if it does not pan out as expected. Technicians often pay a great deal of attention to support and resistance levels. These are levels where traders believe a specific stock will either see a bounce or a pullback.

Sell-side analysts have the capability of providing stock ratings for companies that they cover. According to analysts polled by Zacks Research, the current average broker rating on shares of McEwen Mining Inc. (NYSE:MUX) is 1. This average rating includes analysts who have offered Sell, Buy and Hold ratings on the stock. This rating falls on a numeric scale from 1 to 5. A score of 1 would indicate a Buy recommendation, and a score of 5 would represent a Sell recommendation. Out of all the analysts offering ratings, 2 have pegged the stock a Strong Buy or Buy, based on data provided by Zacks Research.

Tracking the current quarter consensus EPS estimate for McEwen Mining Inc. (NYSE:MUX), we have noted that the number is currently 0.01. This estimate is using 1 contributing analysts polled by Zacks Research. For the last quarter, the company posted a quarterly EPS of -0.03. Sell-side Wall Street analysts study companies and provide their opinions of where the stock might be going in the future. A lot of weight is given to analyst estimates, and earnings beats or misses revolve around these predictions. Sometimes these estimates are very close to the actual, and other times they are not. When a company announces actual earnings results, a large surprise factor can result in increased volatility. If a company beats estimates and posts a positive earnings surprise, the stock may see a near-term bump in price. On the flip side, a negative surprise may move the stock lower. Based on the unknown, many investors may choose to trade with caution around earnings releases.

Analysts have set a target price on shares of McEwen Mining Inc. (NYSE:MUX). The current consensus price target is $4.13. Wall Street analysts often provide price target projections on stocks that they cover. Price target projections can be created using a wide variety of methods. Many investors will closely track stock target prices, especially when analysts make updates. A thorough research report will generally offer detailed reasoning for a certain target projection. Some investors may watch sell-side targets very closely and use the information to help with their own stock research.

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McEwen Mining Inc. (NYSE:MUX): Are These Shares Yielding Returns For Investors?


Posted by Chapman Beat Writer on March 16, 2018 at 12:04 am

In trying to determine how profitable a company is per asset dollar, we can take a look at the firm’s Return on Assets. Return on assets is calculated by dividing a company’s net income (usually annual income) by its total assets, and is displayed as a percentage. At the time of writing, McEwen Mining Inc. (NYSE:MUX) has -0.021340 ROA. The measure is commonly used to compare the performance of businesses within the same industry, since it is very difficult for someone to obfuscate the cash flow figure. Thus, the ratio is quite a reliable and comparable measure of asset performance across an industry.

Valuation Scores

Checking in on some valuation rankings, McEwen Mining Inc. (NYSE:MUX) has a Value Composite score of 68. Developed by James O’Shaughnessy, the VC score uses five valuation ratios. These ratios are price to earnings, price to cash flow, EBITDA to EV, price to book value, and price to sales. The VC is displayed as a number between 1 and 100. In general, a company with a score closer to 0 would be seen as undervalued, and a score closer to 100 would indicate an overvalued company. Adding a sixth ratio, shareholder yield, we can view the Value Composite 2 score which is currently sitting at 73.

McEwen Mining Inc. (NYSE:MUX) has a current MF Rank of 12995. Developed by hedge fund manager Joel Greenblatt, the intention of the formula is to spot high quality companies that are trading at an attractive price. The formula uses ROIC and earnings yield ratios to find quality, undervalued stocks. In general, companies with the lowest combined rank may be the higher quality picks.

The price to book ratio or market to book ratio for McEwen Mining Inc. (NYSE:MUX) currently stands at 1.306129. The ratio is calculated by dividing the stock price per share by the book value per share. This ratio is used to determine how the market values the equity. A ratio of under 1 typically indicates that the shares are undervalued. A ratio over 1 indicates that the market is willing to pay more for the shares. There are often many underlying factors that come into play with the Price to Book ratio so all additional metrics should be considered as well.

Ever wonder how investors predict positive share price momentum? The Cross SMA 50/200, also known as the “Golden Cross” is the fifty day moving average divided by the two hundred day moving average. The SMA 50/200 for McEwen Mining Inc. (NYSE:MUX) is currently 0.95536. If the Golden Cross is greater than 1, then the 50 day moving average is above the 200 day moving average – indicating a positive share price momentum. If the Golden Cross is less than 1, then the 50 day moving average is below the 200 day moving average, indicating that the price might drop.

The Leverage Ratio of McEwen Mining Inc. (NYSE:MUX) is 0.001011. Leverage ratio is the total debt of a company divided by total assets of the current and past year divided by two. Companies take on debt to finance their day to day operations. The leverage ratio can measure how much of a company’s capital comes from debt. With this ratio, investors can better estimate how well a company will be able to pay their long and short term financial obligations.

Volatility

Stock volatility is a percentage that indicates whether a stock is a desirable purchase. Investors look at the Volatility 12m to determine if a company has a low volatility percentage or not over the course of a year. The Volatility 12m of McEwen Mining Inc. (NYSE:MUX) is 47.351700. This is calculated by taking weekly log normal returns and standard deviation of the share price over one year annualized. The lower the number, a company is thought to have low volatility. The Volatility 3m is a similar percentage determined by the daily log normal returns and standard deviation of the share price over 3 months. The Volatility 3m of McEwen Mining Inc. (NYSE:MUX) is 59.099800. The Volatility 6m is the same, except measured over the course of six months. The Volatility 6m is 52.452700.

Quant Scores

The Q.i. Value of McEwen Mining Inc. (NYSE:MUX) is 68.00000. The Q.i. Value is a helpful tool in determining if a company is undervalued or not. The Q.i. Value is calculated using the following ratios: EBITDA Yield, Earnings Yield, FCF Yield, and Liquidity. The lower the Q.i. value, the more undervalued the company is thought to be.

The Piotroski F-Score is a scoring system between 1-9 that determines a firm’s financial strength. The score helps determine if a company’s stock is valuable or not. The Piotroski F-Score of McEwen Mining Inc. (NYSE:MUX) is 3. A score of nine indicates a high value stock, while a score of one indicates a low value stock. The score is calculated by the return on assets (ROA), Cash flow return on assets (CFROA), change in return of assets, and quality of earnings. It is also calculated by a change in gearing or leverage, liquidity, and change in shares in issue. The score is also determined by change in gross margin and change in asset turnover.

The M-Score, conceived by accounting professor Messod Beneish, is a model for detecting whether a company has manipulated their earnings numbers or not. McEwen Mining Inc. (NYSE:MUX) has an M-Score of -3.112618. The M-Score is based on 8 different variables: Days’ sales in receivables index, Gross Margin Index, Asset Quality Index, Sales Growth Index, Depreciation Index, Sales, General and Administrative expenses Index, Leverage Index and Total Accruals to Total Assets. A score higher than -1.78 is an indicator that the company might be manipulating their numbers.

The Gross Margin Score is calculated by looking at the Gross Margin and the overall stability of the company over the course of 8 years. The score is a number between one and one hundred (1 being best and 100 being the worst). The Gross Margin Score of McEwen Mining Inc. (NYSE:MUX) is 65.00000. The more stable the company, the lower the score. If a company is less stable over the course of time, they will have a higher score.

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Have a Nice Weekend All

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