MUXS&L Zone
MUX Salt & Light analyst articles
Good afternoon
A few out there today
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Stock Investors Should Love Valuation Of McEwen Mining Inc. (MUX)
March 20, 2018
By Post analyst
McEwen Mining Inc. (NYSE:MUX) current P/S is an impressive 10. The overall Gold group has an average P/S ratio of 11.72, which is significantly worse than the sector’s 3.09. 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.
MUX traded at an unexpectedly low level on 03/19/2018 when the stock experienced a -0.5% loss to a closing price of $2. The company saw 2.36 million shares trade hands over the course of the day. Given that its average daily volume over the 30 days has been 3.23 million shares a day, this signifies a pretty significant change over the norm.
McEwen Mining Inc. (MUX) Analyst Gushes
Analysts are speculating a 150% move, based on the high target price ($5) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $3.58 price target, but the stock is already up 9.89% from its recent lows. However, the stock is trading at -40.65% versus recent highs ($3.37). Analysts believe that we could see stock price minimum in the $2.5 range (lowest target price), allowing for another 25% jump from its current position. Leading up to this report, we have seen a -17.01% fall in the stock price over the last 30 days and a -1.96% decline over the past 3 months. Overall, the share price is down -12.28% so far this year. Additionally, MUX had a day price range of $1.96 to $2.03
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McEwen Mining Inc. (MUX) Price Potential
Heading into the stock price potential, McEwen Mining Inc. needs to grow just 62.5% to cross its median price target of $3.25. In order to determine directional movement, the 50-day and 200-day moving averages for McEwen Mining Inc. (NYSE:MUX) are $2.11 and $2.14. Given that liquidity is king in short-term, MUX is a stock with 330.35 million shares outstanding that normally trades 18.01% of its float. The stock price recently experienced a 5-day loss of -1.96% with 0.1 average true range (ATR). MUX has a beta of -1.2 and RSI is 44.05.
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McEwen Mining Inc. (NYSE: MUX) – Breathtaking Stocks:
MarketUpdates
While Shares of McEwen Mining Inc. (NYSE: MUX) constructed a change of -0.5% and closed at $2. Discovery Communications, Inc. is an exciting player in the Basic Materials space, with a center of attention on Gold.
Trading volume is an essential technical indicator a shareholder uses to confirm a trend or trend reversal. The amount gives a shareholder an idea of the price action of security and whether he should buy or sell the security. The company exchanged hands with 2361663 shares contrast to its average daily volume of 3.23M shares while its relative volume is stand at 0.73. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s current data. Trading volume can assist a shareholder to identify momentum in stock and confirm a trend. If trading volume increases, prices move in the same direction. That is, if security is continuing higher in an uptrend, the amount of the protection should also increase and vice versa.
Notable Indicators to Watch:
Traders seeking a better understanding of the stock can look at the underlying technical data. The company has 330.35M shares outstanding with 0.2% insider ownership. Volatility is just a measure of the predictable daily price range—the range in which a day trader operates. More evaporation means more significant profit or loss. After a recent check, (NYSE: MUX) stock is found to be 3.69% volatile for the week, while 4.56% volatility recorded for the month with ATR of 0.1.
What do we know by simple moving average(SMA)?
A simple moving average is an indicator that calculates the average price of a security over a specified number of periods. If security is exceptionally volatile, then a moving average will assist to smooth the data. A moving average filters out random noise and offers a smoother perspective of the price action. The stock is trading away to its 50-day and 200-day moving averages by -7.84% and -11.74%, respectively. The price target set for the stock is $3.58, and this sets up an impressive set of potential movement for the stock.
Why is EPS essential to watch?
The current EPS for the company has recorded at $-0.08. To calculate EPS, you take the profits left over for shareholders and divide by the number of shares outstanding. As a result, the company has an (Earning per Share) EPS growth of 300% for the coming year. Company’s EPS for the prior five-years is valued at -20.7%, leading it to an EPS value of 0% for the next five years.
Execution Review:
Taking an investigate the execution of MUX stock, a financial specialist will come to realize that the week by week execution for this stock is esteemed at -1.96%, bringing about a performance for the month at -15.7%. The year-to-date (YTD) execution mirrored at -12.28 percent. Throughout the prior 3-months, the stock performs -1.96 percent, turning over six-month performance to -22.48 percent.
Analysts have suggested a mean rating of 2 on the shares. This based on a 1-5 numeric scale where Rating Scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell, 5.0 Strong Sell.
Investigating the productivity proportions of McEwen Mining Inc. stock, the speculator will discover its ROE, ROA, ROI remaining at -2.2%, -1.9%, and -5.2%, individually. A company that manages their assets well will have a high return, while if manages their assets poorly will have a low performance.
Specialized Analysis:
The organization has the market capitalization of $660.70M. MUX institutional proprietorship is held at 30.3%. And beta factor stands at -1.2.
Understanding PE gives the shareholders an idea if the stock has sufficient growth potential. Stocks with low PE can be considered good bargains as their growth potential is still unknown to the market. As MUX has a P/S, P/E and P/B estimations of 9.76, 0 and 1.28 separately.
The present relative strength index (RSI) reading is 44.05.The technical indicator does not lead us to believe the stock will see more gains/loss anytime soon.
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Investment Grade Analysis On McEwen Mining Inc. (NYSE:MUX) Shares
Posted by Herald Staff Writer on March 19, 2018 at 7:26 pm
In trying to determine the current valuation of McEwen Mining Inc. (NYSE:MUX) shares, we note that the Book to Market ratio of the shares stands at 0.769430. It’s commonly accepted that a Book to Market ratio greater than one indicates that the shares might be undervalued. The book to market ratio has some limitations in certain industries however where intangible assets (such as knowledge) often are not represented on a balance sheet. The ratio is calculated by dividing the market price per share by book value per share.
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.
Return on Assets
There are many different tools to determine whether a company is profitable or not. One of the most popular ratios is the “Return on Assets” (aka ROA). This score indicates how profitable a company is relative to its total assets. The Return on Assets for McEwen Mining Inc. (NYSE:MUX) is -0.021340. This number is calculated by dividing net income after tax by the company’s total assets. A company that manages their assets well will have a higher return, while a company that manages their assets poorly will have a lower return.
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.
ERP5 Rank
The ERP5 Rank is an investment tool that analysts use to discover undervalued companies. The ERP5 looks at the Price to Book ratio, Earnings Yield, ROIC and 5 year average ROIC. The ERP5 of McEwen Mining Inc. (NYSE:MUX) is 12606. The lower the ERP5 rank, the more undervalued a company is thought to be.
FCF Yield 5yr Avg
The FCF Yield 5yr Average is calculated by taking the five year average free cash flow of a company, and dividing it by the current enterprise value. Enterprise Value is calculated by taking the market capitalization plus debt, minority interest and preferred shares, minus total cash and cash equivalents. The average FCF of a company is determined by looking at the cash generated by operations of the company. The Free Cash Flow Yield 5 Year Average of McEwen Mining Inc. (NYSE:MUX) is -0.058990.
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.
Magic Formula
The MF Rank (aka the Magic Formula) is a formula that pinpoints a valuable company trading at a good price. The formula is calculated by looking at companies that have a high earnings yield as well as a high return on invested capital. The MF Rank of McEwen Mining Inc. (NYSE:MUX) is 13053. A company with a low rank is considered a good company to invest in. The Magic Formula was introduced in a book written by Joel Greenblatt, entitled, “The Little Book that Beats the Market”.
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 56.884600. The Volatility 6m is the same, except measured over the course of six months. The Volatility 6m is 50.575900.
Yield
After a recent scan, we can see that McEwen Mining Inc. (NYSE:MUX) has a Shareholder Yield of -0.119942 and a Shareholder Yield (Mebane Faber) of -0.11935. The first value is calculated by adding the dividend yield to the percentage of repurchased shares. The second value adds in the net debt repaid yield to the calculation. Shareholder yield has the ability to show how much money the firm is giving back to shareholders via a few different avenues. Companies may issue new shares and buy back their own shares. This may occur at the same time. Investors may also use shareholder yield to gauge a baseline rate of return.
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McEwen Mining Inc. (NYSE:MUX) Value Composition Score in Focus
Newberry Journal
US Treasury prices opened lower in the New York session amid steeper curves as markets appeared to still have a little fear linked to the Federal Reserve, tariffs, the budget, and DC turmoil.
– Global bond yields are mixed in Asia and Europe with peripheral yields lower while Germany and UK yields are higher.
– Asian stocks mixed, EU better, allowing US to look for a higher open.
– Overnight bond trading was slightly below average with 10Y most active.
– Overnight price action has left rates to drift back up to where they were before stocks started their plunge.
– EU rates are 3bp lower than Monday’s intra-day high, while 10Y UST are just 1.5bp below the high for the last 5 days.
– Equities haven’t regained all their lost ground, but sit poised for a further recovery after the overnight session stopped the bleeding.
– Japanese stocks did far worse, though, as central bank comments left open the possibility of raising rates before inflation hits 2%. Oddly, the yen is a little weaker on balance, usually a short-run negative for longer Treasury prices.
McEwen Mining Inc. (NYSE:MUX) currently has a Value Composite score of 68. The Value Composite One (VC1) is a method that investors use to determine a company’s value. A company with a value of 0 is thought to be an undervalued company, while a company with a value of 100 is considered an overvalued company. The VC1 is calculated using the price to book value, price to sales, EBITDA to EV, price to cash flow, and price to earnings. Similarly, the Value Composite Two (VC2) is calculated with the same ratios, but adds the Shareholder Yield. The Value Composite Two of McEwen Mining Inc. (NYSE:MUX) is 73.
Investors who have stayed on the sidelines may be considering if the markets will continue to rally higher. Staying vigilant and watching for signs of the next bear may prove to be a crucial element for helping to guide certain portfolio moves. Keeping an eye on historical corrections as well as sentiment and technicals, may help provide the proper insight needed. Investors may be mindful of any meaningful pullback or correction, and they may have a certain percentage in mind for when things seem to be getting out of hand. Cautious optimism may prove to be a profit saver when the bearish winds start to blow. Investors may need to figure out a plan for when to take some profit off the table. Conducting thorough fundamental research on stocks even after they have broken out may help the investor understand the reason behind the move, and whether it is likely to continue or if it is just a temporary spike.
Investors might be reviewing portfolio performance over the last six months. Many investors will be tracking shares that are trading near important levels such as the 52-week high and 52-week low. When a stock is trading near new 52-week high, investors may have to decide whether they should sell or hold on for future gains. Stocks that are moving towards a new 52-week low may also be worth keeping an eye on. There are many factors that can have an impact on the health of a particular stock. This is one reason why stock picking can be extremely tough at times. Because there are always so many things to monitor, it may be next to impossible to build a formula that will continually beat the market. Even after all the applicable information has been examined, the investor still has to make sense of the data and figure out what to do with it. Knowing how to use company data can end up being the difference between handsome gains and crippling losses.
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 0.93479. 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 Return on Invested Capital (aka ROIC) for McEwen Mining Inc. (NYSE:MUX) is -0.046550. The Return on Invested Capital is a ratio that determines whether a company is profitable or not. It tells investors how well a company is turning their capital into profits. The ROIC is calculated by dividing the net operating profit (or EBIT) by the employed capital. The employed capital is calculated by subrating current liabilities from total assets. Similarly, the Return on Invested Capital Quality ratio is a tool in evaluating the quality of a company’s ROIC over the course of five years. The ROIC Quality of McEwen Mining Inc. (NYSE:MUX) is -0.906638. This is calculated by dividing the five year average ROIC by the Standard Deviation of the 5 year ROIC. The ROIC 5 year average is calculated using the five year average EBIT, five year average (net working capital and net fixed assets). The ROIC 5 year average of McEwen Mining Inc. (NYSE:MUX) is -0.065933.
In taking a look at some other notable technicals, McEwen Mining Inc. (NYSE:MUX)’s ROIC is -0.046550. The ROIC 5 year average is -0.065933 and the ROIC Quality ratio is -0.906638. ROIC is a profitability ratio that measures the return that an investment generates for those providing capital. ROIC helps show how efficient a firm is at turning capital into profits.
Shareholder Yield
We also note that McEwen Mining Inc. (NYSE:MUX) has a Shareholder Yield of -0.119917 and a Shareholder Yield (Mebane Faber) of -0.11933. The first value is calculated by adding the dividend yield to the percentage of repurchased shares.
The second value adds in the net debt repaid yield to the calculation. Shareholder yield has the ability to show how much money the firm is giving back to shareholders via a few different avenues. Companies may issue new shares and buy back their own shares. This may occur at the same time. Investors may also use shareholder yield to gauge a baseline rate of return.
McEwen Mining Inc. (NYSE:MUX) has a current MF Rank of 12972. 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.
We can now take aquick look at some historical stock price index data. McEwen Mining Inc. (NYSE:MUX) presently has a 10 month price index of 0.70280. 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. Looking at some alternate time periods, the 12 month price index is 0.63407, the 24 month is 1.03061, and the 36 month is 1.91509. Narrowing in a bit closer, the 5 month price index is 0.99257, the 3 month is 0.92824, and the 1 month is currently 0.90498.
QI Value
Shifting gears, we can see that McEwen Mining Inc. (NYSE:MUX) has a Q.i. Value of 68.00000. The Q.i. Value ranks companies using four ratios. These ratios consist of EBITDA Yield, FCF Yield, Liquidity, and Earnings Yield. 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.
Gross Margin score
Investors may be interested in viewing the Gross Margin score on shares of McEwen Mining Inc. (NYSE:MUX). The name currently has a score of 65.00000. This score is derived from the Gross Margin (Marx) stability and growth over the previous eight years. The Gross Margin score lands on a scale from 1 to 100 where a score of 1 would be considered positive, and a score of 100 would be seen as negative.
FCF Yield
The FCF Yield 5yr Average is calculated by taking the five year average free cash flow of a company, and dividing it by the current enterprise value. Enterprise Value is calculated by taking the market capitalization plus debt, minority interest and preferred shares, minus total cash and cash equivalents. The average FCF of a company is determined by looking at the cash generated by operations of the company. The Free Cash Flow Yield 5 Year Average of McEwen Mining Inc. (NYSE:MUX) is -0.059290.
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