McEwen Mining (TSE:MUX) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

Shares of McEwen Mining Inc (TSE:MUX) (NYSE:MUX) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$21.17 and traded as high as C$28.96. McEwen Mining shares last traded at C$28.33, with a volume of 57,381 shares traded.

Analyst Ratings Changes

Separately, Canaccord Genuity Group raised shares of McEwen Mining to a “strong-buy” rating in a research note on Wednesday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Strong Buy” and an average price target of C$20.00.

McEwen Mining Stock Up 2.0%

The stock’s 50-day moving average price is C$21.17 and its 200-day moving average price is C$15.50. The company has a current ratio of 1.17, a quick ratio of 1.00 and a debt-to-equity ratio of 8.46. The stock has a market cap of C$1.54 billion, a price-to-earnings ratio of -113.32 and a beta of 1.73.

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.