McEwen Mining (TSE:MUX) Stock Passes Below 200-Day Moving Average – Should You Sell?

McEwen Mining Inc (TSE:MUX) (NYSE:MUX)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$30.42 and traded as low as C$22.93. McEwen Mining shares last traded at C$23.56, with a volume of 30,298 shares.

McEwen Mining Price Performance

The company has a current ratio of 1.14, a quick ratio of 1.00 and a debt-to-equity ratio of 19.65. The company has a 50 day moving average of C$26.40 and a 200-day moving average of C$30.42. The firm has a market capitalization of C$1.41 billion, a P/E ratio of 19.97 and a beta of 2.35.

McEwen Mining (TSE:MUX) (NYSE:MUX) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$0.65 earnings per share 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$102.95 million for the quarter. On average, sell-side analysts predict that McEwen Mining Inc will post 0.0677185 EPS for the current 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.