McEwen Mining Inc (MUX)

[JD400]

Great presentation charts Thanks wshaw Looks like Rob got that one for a steal.

Another cornerstone placed in the MUX MONSTER WALL .

RG must of needed the money. They gave it away IMO.

Can't find squat out there on this. Hey

How bout a edition on Salt & Light LOL

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Rick Rule Sees Gold Reaching US$1,400 if Trade War Breaks Out

Rick Rule of Sprott US Holdings says the gold price could receive a boost as escalating trade tensions drive investors to safe-haven assets.

The gold price could hit US$1,400 per ounce, reaching its highest level in five years, if a trade war breaks out, Sprott US Holdings CEO Rick Rule told Bloomberg.

Rule said gold could receive a boost as escalating trade tensions drive investors to safe-haven assets and the three-decade bull market in bonds nears an end.

Trade war fears have increased since US President Donald Trump imposed tariffs on aluminum and steel and ordered at least US$50 billion worth of tariffs on Chinese imports.

In response, China imposed its own levies on US$3 billion in imports of US goods on Monday (April 3), fueling investors’ worries and boosting demand for gold.

“In the 40 years I’ve been involved in the gold market, the most important determinant of the gold price has been international confidence in the US dollar and in particular, the US dollar as expressed by the US 10-year Treasury,” Rule said.

“The fact that the US seems to be bound to engage in a zero-sum trade war has begun to strike people as something that’s bad for everybody in the world, not just the US. The potential for a winnerless trade war certainly gives cause to some concern,” he added.

According to Rule, the aggregate federal, state and local debt in the US, both on balance sheet and entitlements, relative to levels of savings and investments in the economy, will contribute to worries over the longer-term purchasing power of the US dollar, particularly in view of low current yields.

Other experts also expect the gold price to increase in the long term, such as Rob McEwen of McEwen Mining (TSX:MUX,NYSE:MUX), who is well known for his US$5,000 call, and John Kaiser of Kaiser Research who thinks the yellow metal could climb as high as US$1,600 to US$2,000 this year.

Even Goldman Sachs (NYSE:GS) has turned bullish on gold for the first time in half a decade. The bank expects gold to outperform in the coming months on the back of rate hikes, an uptick in inflation and an “increased risk” of a stock market correction.

https://investingnews.com/daily/resource-investing/precious-metals-investing/gold-investing/rick-rule-sees-gold-reaching-us1400-trade-war-breaks/

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Hot Stock of the Day – McEwen Mining Inc. (NYSE: MUX)
April 4, 2018Carl Duval

McEwen Mining Inc. (NYSE: MUX) has a good repute in the Basic Materials sector. But the most critical factor is that the company is coping with paradoxical condition. To mitigate noise level on price table, shares of the company has 20-days simple moving average (SMA) price up to 1.12% from previous ending price of 2.08 and function as support or altercation of price limit.

By implementing the simple moving average system, short-term traders can evaluate the stocks effortlessly as compared to the long-term moving average. In this regard, small scale traders will be able to save their precious time. The SMA formula is mainly used to indicate a shift in the trend and stabilize the volatility in the stock market.

As simple moving average (SMA) is a short term and proactive investment approach, it delivers the optimal results to the small traders and investors regarding the price changes in the financial markets in a short span of time. For that reason, the MUX’s analysis of SMA 20 Days and SMA 50 Days would give you a clear-cut picture on the spot. Meanwhile, the trading corporation has 50 days moving average ratio of -2.36% related to its latest price change.

As far as the long term moving average approach is concerned, the SMA200 days can also help traders and corporate investors to snatch a creative idea about online trading system. In the meantime, the MUX has a simple moving average of -6.98% that symbolizes bearish trends in the market. Hence, this helps to make unraveling trends quite easy and trouble-free in the stock market.

McEwen Mining Inc. (NYSE:MUX) has revealed a visible change in the trend volumes of the stock market recently. In this regard, MUX has assorted numbers for different time periods. The stock has returned -6.31% during the last five consecutive trading sessions. The term Perf Week is often used by stock analysts in order to weigh up the weekly performance of shares, dividends, bonds, gold, silver and other items existing in the stock market.

On the other hand, the Perf Month was shifted 6.12%. The Perf Month is commonly used by stock traders for evaluating the monthly performance of the financial management companies, stakeholders, investors, corporate owners, tycoons and entrepreneur groups in the stock markets. The key purpose of using Perf Month indicator is to evaluate the actual value of shares existing in the stock market.

Using this figure, stock traders in the market are able to analyze that whether not a stock is making progress and covering both buying side as well as selling side. This evaluation process is critical in measuring whether corporate investors and stock traders are compelled to buy stock in bulk, or in contrast selling stock in bulk. This is very handy information for corporate investors and stock traders for making wise decisions regarding online trading. The Perf Year indicator expressed a reduced efficacy of the firm, which was settled -31.58%. The Perf Year indicator is often used to evaluate the annual performance of the trading organizations working in the stock markets.

There are many marked values in the financial market, which will require a lot of effort, dedication, commitment and motivational spirit of a self to evaluate the recent stock activities efficiently. In this regard, investors will need to grasp concrete information regarding the trends of the stock market. The stock traders and corporate investors will also need to scrutinize both the fundamental and technical data vigilantly.

McEwen Mining Inc. (NYSE: MUX) has obvious gauge of stock volatility. For that reason, the corporate firm has a moving average (MA) of 14 trading days on the factual basis. When we talk about the concept of Volatility, it is a numerical gauge of the dispersal of returns for a certain security or market index. If you the propensity of Volatility is high, then risk of security will be high. But when the volume of Volatility is low, then the security’s value will not fluctuate considerably. Thus, it expresses smooth changes in security value with the passage of time.

Meanwhile, the company has average true range (ATR) of up to 0.09, which is a high-low trend in the stock market. These unwavering changes and matching up its overall performances have twisted an elevated daily volatility, thereby making other factors as persistent factors. It covers both microeconomic and macroeconomic factors. A statistical gauge of the dispersal of returns (Volatility) for MUX has secured investors. It has weekly volatility range of 4.30% whereas it has monthly volatility range of 3.95% in the market.

The volatility value is used by the investors for various reasons and purposes in measuring the fundamental price change and the rate of variation in MUX’s price. The ART is a specific type of indicator, which is capable of weighing up stock volatility in the financial markets effectively.
Stock trading desk

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Project Future Performance Before Investment – McEwen Mining Inc (NYSE: MUX)
April 3, 2018 David Rich 0 Comments McEwen Mining Inc, MUX, NYSE: MUX, U.S. Stocks, Wall Street
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Stocks closed sharply lower on Wall Street as technology companies took heavy losses and shareholders worried about escalating trade tensions with China.

Big-name tech companies like Microsoft fell more than the rest of the market Monday.

Intel dove 6.07 percent following a report in Bloomberg News that Apple plans to start using its own chips in Mac computers as early as 2020.

Tesla dropped 5.13 percent after saying the vehicle in a fatal crash last week in California was operating on Autopilot mode.

Tyson Foods dropped 6.22 percent after China raised tariffs on imported U.S. goods counting pork.

Health insurer Humana jumped 4.42 percent on continued reports Walmart might buy the company or declare a new partnership with it.

The S&P 500 fell 58 points, or 2.23 percent, to 2,581, slightly above its low for the year reached February 8.

The Dow Jones industrial average lost 458 points, or 1.90 percent, to 23,644.19. It was down as much as 758 earlier.

The Nasdaq gave up 193 points, or 2.74 percent, to 6,870. (Source: ABC News)

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

Investors rushed to trade on McEwen Mining Inc (NYSE: MUX) Monday, soon after a drastic change of 2.88% in the share price was observed and the stock become able to close its trade at $2.14. The stock becomes active when traders or investors changed hands with 1,931,186 shares contrast to the three-month volume average of 3.17M shares. The ratio between current volume and 3-month average value, also known as Relative volume was observed at 0.61, 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 -35.15% from 52-week high and 17.58% away from its 52-week low price. We observed -0.47% rate of return for a stock for the last 5-trading days, which was maintained for the month at 8.08%. Likewise, the performance for the quarter was recorded as -3.60% and for the year was -28.67%. 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 4.49% from 20 days simple moving average, and its distance from 50 days simple moving average is 0.38% while it has a distance of -4.38% 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 4.27%, while for the month it is maintained at 4.01%.

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 -1.15. 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).
Stocks pen

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Is McEwen Mining Inc. (NYSE:MUX)’s Target Price of $3.58 Reasonable?
April 5, 2018 Mik Veccio

Investors are keeping an eye on McEwen Mining Inc. (NYSE:MUX) as shares gapped 0.00% ahead of the bell with the stock currently sitting at $2.09. Based on the stock’s volatility for the past 5 days, which is a statistical measure of the dispersion of returns for a given stock, shows average daily high/low percentage range of 4.02% and month of 3.95%.

So are analysts giving the Buy signal at this juncture? Brokerage research firms currently have a consensus recommendation of 2 on the shares. This is based on a 1 to 5 formula where 1 indicates a Strong Buy and 5 a Strong Sell. Analysts are projecting the stock to trade at $3.58 within the next 12-18 months.

After a recent look, Mcewen Mining Inc (NYSE:MUX) has a 50-day Moving Average of 2.12, the 200-day Moving Average is 2.23, and the 7-day is noted at 2.08. A popular tool among technical stock analysts is the moving average. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time. Moving averages can be very useful for identifying peaks and troughs. They may also be used to help the trader figure out proper support and resistance levels for the stock.

Traders may be relying in part on technical stock analysis. Mcewen Mining Inc (NYSE:MUX) currently has a 14-day Commodity Channel Index (CCI) of -15.28. Despite the name, CCI can be used on other investment tools such as stocks. The CCI was designed to typically stay within the reading of -100 to +100. Traders may use the indicator to determine stock trends or to identify overbought/oversold conditions. A CCI reading above +100 would imply that the stock is overbought and possibly ready for a correction. On the other hand, a reading of -100 would imply that the stock is oversold and possibly set for a rally.

At the time of writing, the 14-day ADX for Mcewen Mining Inc (NYSE:MUX) is 12.35. Many technical chart analysts believe that an ADX value over 25 would suggest a strong trend. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. The ADX is typically plotted along with two other directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI). Some analysts believe that the ADX is one of the best trend strength indicators available.

The Relative Strength Index (RSI) is one of multiple popular technical indicators created by J. Welles Wilder. Wilder introduced RSI in his book “New Concepts in Technical Trading Systems” which was published in 1978. RSI measures the magnitude and velocity of directional price movements. The data is represented graphically by fluctuating between a value of 0 and 100. The indicator is computed by using the average losses and gains of a stock over a certain time period. RSI can be used to help spot overbought or oversold conditions. An RSI reading over 70 would be considered overbought, and a reading under 30 would indicate oversold conditions. A level of 50 would indicate neutral market momentum. The 14-day RSI is currently sitting at 49.72, the 7-day is at 49.91, and the 3-day is spotted at 48.62 for Mcewen Mining Inc (NYSE:MUX).

McEwen Mining Inc. (NYSE:MUX) shares have traded -2.37% for the week and are -9.65% for the year to date. At the time of writing, the stock is trading at $2.09, a change of 1.21% from the previous clsoing price.

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Digging Into The Data: McEwen Mining Inc. (NYSE:MUX)
By James Ajayi -
April 4, 2018
17

McEwen Mining Inc. (NYSE:MUX) closed its last session at $2.08. The stock traded within a range of $2.06 and $2.14. The company operates in the Basic Materials sector with a market capitalization of 677500. Trading volume for McEwen Mining Inc. was 1.76 Million in its previous trading session. Currently, McEwen Mining Inc. (NYSE:MUX) has an average volume of 3.12 Million.


Company Profile

U.S. GOLD CORP. is primarily engaged in the precious metal mining business in the continental United States, however, it may also evaluate properties outside the United States.


Analyst Views

McEwen Mining Inc. (NYSE:MUX) received a Buy rating from 1 analysts. 0 analysts gave its stock an Outperform rating. 0 analysts say it’s a Hold while 0 analysts provided their expert opinion as Sell.

McEwen Mining Inc. (NYSE:MUX) touched its 1-Year High price of $3.30 on 04/11/17 and its 1-Year Low price of $1.82 on 12/11/17.


EPS & Financials

McEwen Mining Inc. (NYSE:MUX) reported its EPS in the last quarter as $0.01/Share lagging the analyst estimate of $0.01/Share by a difference of $0. This showed a surprise of 0% in the last quarter earnings.

For the current quarter, 2 analysts are projecting a mean EPS of $-0.01/share. According to their observations and findings, the stock could provide a high EPS of $0.01/share and a low EPS of $-0.02/share.

Analysts believe that the company has the potential to earn average revenue of $25.81 Million for the current quarter. According to their predictions high & low revenue estimates are 27 Million and 24.62 Million respectively.


Technical Analysis

By taking a look at the stock’s current statistics it can gauged that the stock candle is BEARISH with LOW volatility. McEwen Mining Inc. (NYSE:MUX) has a 20-Day average volume of 2.31 Million. According to today’s trading volume McEwen Mining Inc. is BELOW its 20-Day Avg. volume with the stock showing BELOW Abnormal volume in the past 150 days.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. The trend for the past 10-days shows that the company was in BULLISH territory while an analysis of the last 40-Day trend shows a BEARISH signal. The 100-Day trend also shows a BULLISH trend as well.

The company currently has an insider ownership of 0.1 Percent and Institutional ownership of 30.3 Percent. The return on assets stands at -1.9%, Return on Equity currently is -2.2% and the Return on Investment value is -5.2%.

McEwen Mining Inc. (NYSE:MUX) gross margin percentage stands at 33.3% while its operating margin for the past trailing twelve month is -39 percent and its overall profit margin (ttm) is -15.7 Percent. The stock is currently moving above its 20-Day Simple Moving Average of 1.12% with a 50-Day Simple Moving Average of -2.36 percent. As of today, the company has a SMA200 (200-day simple moving average) of -6.98 Percent. The Stock has YTD (year to date) performance of -8.77 percent.

The TTM operating margin for the company stands at -39%. The return on invested capital is at -5.2%, which is good, compared to its peers. The Free Cash Flow or FCF margin is 0.

The company’s stock is currently moving with a -ve distance from the 200 day SMA of approximately -6.98%, and has a solid year to date (YTD) performance of -8.77% which means that the stock is constantly adding to its value from the previous fiscal year end price.

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Well I'm stopping here. These daily reads are a dime a dozen when your talking about the Best Junior Miner in the World.

they all seem the same in a lot of ways. I know.

a beautiful day down here in the Az. desert of the old pueblo. temps to reach 90 for the next week. Lots of fun planting the gardens, Can't wait for my daily sunset walk.

Have a good one everyone

Cheers