McEwen Mining (TSE:MUX) Stock Crosses Below 50 Day Moving Average – Time to Sell?

McEwen Mining Inc (TSE:MUX) (NYSE:MUX) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$30.59 and traded as low as C$29.00. McEwen Mining shares last traded at C$29.09, with a volume of 54,875 shares trading hands.

McEwen Mining Trading Up 1.5%

The firm has a market cap of C$1.81 billion, a P/E ratio of 25.69 and a beta of 2.18. The company has a debt-to-equity ratio of 19.65, a current ratio of 1.14 and a quick ratio of 1.00. The company’s 50 day moving average is C$30.61 and its two-hundred day moving average is C$30.36.

McEwen Mining (TSE:MUX) (NYSE:MUX) last announced its quarterly earnings results on Tuesday, March 17th. The company reported C$0.78 EPS for the quarter. The firm had revenue of C$86.06 million during the quarter. McEwen Mining had a net margin of 31.39% and a return on equity of 13.64%. On average, sell-side analysts predict that McEwen Mining Inc will post 0.0677185 earnings per share for the current year.

McEwen Mining Company Profile

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. It also owns interests in the Fuller, Davidson-Tisdale, Buffalo Ankerite, and Paymaster exploration properties located in Canada; and a 49% interest in the San José mine located in Argentina.