McEwen Mining (TSE:MUX) Shares Pass Above Fifty Day Moving Average – Time to Sell?

McEwen Mining Inc (TSE:MUX) (NYSE:MUX)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$13.00 and traded as high as C$14.92. McEwen Mining shares last traded at C$14.40, with a volume of 27,196 shares traded.

McEwen Mining Stock Down 2.4 %

The firm has a market capitalization of C$763.06 million, a price-to-earnings ratio of 5.67 and a beta of 1.45. The stock has a 50 day moving average of C$13.00 and a 200 day moving average of C$13.76. The company has a quick ratio of 1.00, a current ratio of 1.68 and a debt-to-equity ratio of 8.53.

McEwen Mining (TSE:MUX) (NYSE:MUX) last posted its quarterly earnings results on Wednesday, August 7th. The company reported C($0.36) EPS for the quarter, missing analysts’ consensus estimates of C($0.30) by C($0.06). McEwen Mining had a return on equity of 16.78% and a net margin of 46.63%. The firm had revenue of C$64.96 million during the quarter, compared to analyst estimates of C$60.14 million. As a group, analysts expect that McEwen Mining Inc will post 0.0677185 earnings per share for the current fiscal year.

About McEwen Mining

McEwen Mining Inc engages in the exploration, development, production, and sale of gold and silver. It also explores for copper deposits. The company owns 100% interests in the El Gallo and Fenix projects located in Mexico; and the Black Fox Mine and Stock Mill, Grey Fox, and Froome and Tamarack properties in Canada.