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

McEwen Mining Inc (TSE:MUX) (NYSE:MUX)’s stock price passed 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.

McEwen Mining Stock Performance

The stock has a market cap of C$1.74 billion, a P/E ratio of 24.65 and a beta of 2.18. The company has a fifty day moving average of C$30.59 and a 200 day moving average of C$30.31. 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 announced its earnings results on Tuesday, March 17th. The company reported C$0.78 EPS for the quarter. McEwen Mining had a return on equity of 13.64% and a net margin of 31.39%.The firm had revenue of C$86.06 million for the quarter. On average, equities analysts predict 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.