McEwen Mining Inc. (NYSE:MUX) represented a move of 0.99 percent or $-0.02 per share and closed its previous day trading session at $2.04. 2.31 Million Shares were traded in the last trading session with an Average Volume of 3.37 Million Shares. The stock currently has a Market Capitalization of 697.84 Million.
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.
The stock traded between $1.82 and $3.52 over 1-Year time period showing its price to sales ratio of 10.31. McEwen Mining Inc. (NYSE:MUX) is currently showing an DECREASING volatility over a period of 10-Days while the 20-Days Volatility showing a DECREASING trend.
Right now, the stock has a 50-Day Simple Moving Average of $-7.26 and 200-Day Simple Moving Average of $-10.62. Its Price to Free Cash Flow is 0 and Price to Book of 1.31.
Analyst’s recommended the stock as 2 where 1 represents Strong Buy and 5 represents Sell.
In the last Quarter, McEwen Mining Inc. (NYSE:MUX) reported its Actual EPS of $0.01/share. The analysts offering Earnings Estimates for the company were believing that McEwen Mining Inc. could bring EPS of $0.01/share. The difference between Actual EPS and Estimated EPS was 0 Percent. Thus showing an Earnings Surprise of 0 Percent.
Analysts Reveals Updates on Mcewen Mining Inc (MUX) By Alvin Sandler - March 13, 2018 25
Mcewen Mining Inc (NYSE:MUX) shares traded 0.99% up during most recent session to reach at the closing price of $2.04. The stock exchanged hands 2.31 Million shares versus average trading capacity of 3.37 Million shares, yielding a market cap of $697.84 Million. Wall Street analysts covering the stock are projecting that the stock will reach $3.58 within the next 52-weeks. The mean target projections are based on 3 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Mcewen Mining Inc (NYSE:MUX) high price target of $5 and with a conservative view have low price target of $2.5.
Roth Capital “Initiates Coverage On” Mcewen Mining Inc (NYSE:MUX) in a research note issued to investors on 12/11/17 to Buy with price target of $3.3.
Additionally on 6/29/15 H.C. Wainwright “Assumes” Mcewen Mining Inc (NYSE:MUX) to Buy setting price target at $1.3 and on 4/20/15 H.C. Wainwright “Initiates Coverage on” the stock to Buy. Furthermore on 6/12/13 Stifel Nicolaus “Maintained” the stock to Buy at $2.8.
On the other hand the company has Relative Strength Index (RSI 14) of 44.92 along with Average True Range (ATR 14) of 0.11, Consequently Mcewen Mining Inc (NYSE:MUX)’s weekly and monthly volatility is 3.90%, 5.35% respectively. The company’s beta value is at -1.2.
In terms of Buy, Sell or Hold recommendations, Mcewen Mining Inc (NYSE:MUX) has analysts’ mean recommendation of 2. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
Previously Mcewen Mining Inc (NYSE:MUX) reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01 by $0. The company posted an earnings surprise of 0%.
Mcewen Mining Inc (NYSE:MUX)’s revenue estimates for the current quarter are $25.81 Million according to 2 number of analysts, for the current quarter the company has high revenue estimates of $27 Million in contradiction of low revenue estimates of $24.62 Million. For the current year the company’s revenue estimates are $101.86 Million compared to low analyst estimates of $101.6 Million and high estimates of $102.12 Million according to 2 number of analysts.
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%.
Mcewen Mining Inc (NYSE:MUX) 52-week high price stands at $3.52 and low price stands at $1.82, its price distance from 52-week high is -41.96% while its distance from 52-week low price is 12.09%. The stock hit its 52-week high on 03/16/17, and 52-week low on 12/11/17.
Mcewen Mining Inc (NYSE:MUX)’s trailing twelve month revenues are $67.7 Million, whereas its price to sales ratio for the same period is 10.31. Its book value per share for the most recent quarter is $1.56 while its price to book ratio for the same period is 1.31, as for as the company’s cash per share for the most recent quarter is $0.1, however its price to cash per share ratio for the same period is 19.83. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0. https://expertgazette.com/2018/03/13/analysts-reveals-updates-on-mcewen-mining-inc-mux-4/
Mcewen Mining Inc (MUX) Seeing Increased Volatility in Session
Posted by Street Contributor on March 13, 2018 at 12:05 pm
Mcewen Mining Inc (MUX) shares are moving today on volatility 2.45% or 0.05 from the open. The NYSE listed company saw a recent bid of 2.09 and 772417 shares have traded hands in the session.
As soon as an individual decides what they want out of their investments, they can start formulating the best way to accomplish those goals. The time horizon for each investor may be different. Fluctuations in the financial markets can have a big effect on shorter-term investments. Investors that need a certain amount of money in a shorter amount of time may be looking to develop a stock market strategy with a bit less risk involved. On the other end of the spectrum, a younger investor with a longer time horizon might be able to search for stocks with a higher potential for growth that may involve much more risk. The volatility of today’s markets can test the nerves of any investor. Understanding volatility and market fluctuations can help the investor gauge their risk tolerance in the markets.
Taking a deeper look into the technical levels of Mcewen Mining Inc (MUX), we can see that the Williams Percent Range or 14 day Williams %R currently sits at -37.14. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.
Mcewen Mining Inc (MUX) currently has a 14-day Commodity Channel Index (CCI) of 62.64. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.
The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, Mcewen Mining Inc’s 14-day RSI is currently at 49.32, the 7-day stands at 55.99, and the 3-day is sitting at 75.15.
Currently, the 14-day ADX for Mcewen Mining Inc (MUX) is sitting at 17.48. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.
For further review, we can take a look at another popular technical indicator. In terms of moving averages, the 200-day is currently at 2.27, the 50-day is 2.19, and the 7-day is resting at 2.04. Moving averages are a popular trading tool among investors. Moving averages can be used to help filter out the day to day noise created by other factors. MA’s may be used to identify uptrends or downtrends, and they can be a prominent indicator for detecting a shift in momentum for a particular stock. Many traders will use moving averages for different periods of time in conjunction with other indicators to help gauge future stock price action.
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