McEwen Mining Inc. (MUX) Is Worth Investing In

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McEwen Mining Inc. (NYSE:MUX) concluded the trading at $0.68 on Thursday, April 28 with a rise of 2.30% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $0.66 and 5Y monthly beta was reading 1.20 with its price kept floating in the range of $0.6679 and $0.7052 on the day. Considering stock’s 52-week price range provides that MUX hit a high price of $1.71 and saw its price falling to a low level of $0.66 during that period. Over a period of past 1-month, stock came subtracting -17.68% in its value.

Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of $55.4 million. They suggested that in the process company could generate revenue of as low as $55.4 million which could climb up to $55.4 million to hit a high. The average estimate is representing a decrease of -18.20% in sales growth from that of posted by the company in the same quarter of last year. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $55.4 million in 2018, which will be -18.20% less from revenue generated by the company last year.

In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review MUX stock’s current outlook then short term indicators are assigning it an average of 100% Sell, while medium term indicators are categorizing the stock at an average of 100% Sell. Long term indicators are suggesting an average of 100% Sell for it.

Digging deeper we become aware of the PEG ratio of the MUX stock which is currently positioned at 0. It further provides that stock’s current price level is -14.94% away from its 20-day simple moving average and is -16.87% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 29.81 while volatility remained at 7.82% over the past week which changes to 5.43% when measuring it over the past month. Beta is valued at 1.16, while measure of average true range or ATR is currently at 0.04. In predicting price targets of as low as $1.50 and as high as $1.75, analysts are in agreement on assigning the stock over the next 12 months average price target of $1.61. Stock’s current price level is -120.59% above from estimated low price target while it is -157.35% below the estimated high; and even if the MUX’s share succeeded to reach the median price of $1.60, then the outlook of -135.29% could come to the excitement of the investors.

In comparing McEwen Mining Inc. (MUX)’s stock with other industry players reveals that stock’s current price change of 2.30% and that of -45.60% over the past 12 months is in competing position with that of Hecla Mining Company (HL) which saw its stock price raised by 2.09% in the last trading and went through a decrease of -10.68% in past 12-month trading. Industry’s another major player Yamana Gold Inc. (AUY) has rise 4.69% up in previous session, but over the past year has faced a rise of 20.52%, while First Majestic Silver Corp. (AG) was also up 2.31% however its price remained floating in the red at -31.60% over the same period. McEwen Mining Inc. has a P/E ratio of 0 against that of Hecla Mining Company’s 83.91 while Yamana Gold Inc. is showing 36.47 for the same. On the other hand, the S&P 500 Index was up 2.47% in the last trading session while the Dow Jones Industrial closed the session higher at 1.85%.

Having a second look at McEwen Mining Inc. (NYSE:MUX) provides that stock’s average daily trading volume for 3 months was 2.38 million. Number of outstanding shares of the stock stood at 459.24 million.

The percentage of outstanding shares held by the insiders is 18.22% while it is 25.70% for the institutional holders. Subtraction of -23.29% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.