McEwen Mining Inc. (MUX) closed at $2.58 with 0.39%

McEwen Mining Inc. (MUX) closed at $2.58 with 0.39%”

The company said that the acquisition strategically increases its gold production by 50,000 ounces in 2018 and significantly increases its gold resources in the Timmins region. (MUX) now has a value of $2.34 while the company's 52 week low is at $2.15, the shares dropped to the 52 week low on 08/09/17. As we move into the second half of the year, investors may be looking to jumpstart their portfolios. This would be a significant uptick for a stock that has flirted with 5.00 before when it set the previously mentioned 52-week high of 4.43. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 8.39% where SMA50 and SMA200 are 2.28% and -14.89% respectively. The average volume of a stock suggests the liquidity of a particular company. The return on equity ratio or ROE stands at -1.1 percent while most common profitability ratio return on investment (ROI) was 4.1 percent. Oppenheimer & Close, LLC now owns 1,121,795 shares with a value of $2,950,000. A high ROE indicates successfully earning more assets and value for its shareholders off its reinvested earnings. The larger the gross profit margin, the better for the company. The Company kept a record of 231.86 million floated shares and 311.45 million shares outstanding.

The Company's EPS growth has been almost 16.70%. Yearly performance of the stock shows a bearish trend of -33.07% while year-to-date (YTD) performance reflected -11.68% negative outlook.

P/E ratio of the company is 43.11.

For passive investors (long-term) earning per shares and its growth is most valuable indicator for investment, as MUX has EPS growth of 202.90% for this year, while NRZ EPS growth standing at 59.80%for this year.

While the mining industry now has better buying opportunities than McEwen, the additional gold production gained from the Black Fox Complex may have a positive impact on the market value of this stock. There are numerous metrics that measure volatility in differing contexts, and each trader has favorites.

A volatility based measure Bollinger Bands suggests this stock poses high risk. When investing in a volatile security, the risk of success is increased just as much as the risk of failure.

Traders are feeling more bearish recently if you look at the motion in short interest.

The Relative Strength Index (RSI) is a highly popular technical indicator. 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. Technical analysts have little regard for the value of a company. They use historic price data to observe stock price patterns to predict the direction of that price going forward. Different analysts and financial institutions use various valuation methods and consider different economic forces when deciding on a price target.

Analyst mean recommendation rating on a stock by the analyst community is at 2.90. Analyst rating score as published on FINVIZ are rated on a 1 to 5 scale.

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