McEwen Mining (TSE:MUX) Stock Price Passes Below 50 Day Moving Average – Should You Sell?

Shares of McEwen Mining Inc (TSE:MUX) (NYSE:MUX) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$30.91 and traded as low as C$28.99. McEwen Mining shares last traded at C$29.46, with a volume of 28,559 shares traded.

McEwen Mining Stock Up 1.7%

The firm has a market cap of C$1.76 billion, a P/E ratio of 24.97 and a beta of 2.18. The firm’s 50-day moving average price is C$30.91 and its 200 day moving average price is C$30.56. The company has a debt-to-equity ratio of 19.65, a current ratio of 1.14 and a quick ratio of 1.00.

McEwen Mining (TSE:MUX) (NYSE:MUX) last released its quarterly earnings data on Wednesday, May 6th. The company reported C$0.65 earnings per share for the quarter. The firm had revenue of C$102.95 million for the quarter. McEwen Mining had a net margin of 31.39% and a return on equity of 13.64%. On average, equities research 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. 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.