Shares of McEwen Mining Inc (TSE:MUX – Get Free Report) NYSE: MUX fell 17.5% during trading on Thursday . The stock traded as low as C$13.65 and last traded at C$13.78. 111,782 shares were traded during trading, an increase of 235% from the average session volume of 33,339 shares. The stock had previously closed at C$16.71.
McEwen Mining Stock Down 15.7 %
The company has a debt-to-equity ratio of 8.25, a current ratio of 1.75 and a quick ratio of 1.00. The firm’s 50-day moving average is C$13.78 and its 200 day moving average is C$10.96. The stock has a market cap of C$696.19 million, a price-to-earnings ratio of 8.87 and a beta of 1.55.
McEwen Mining (TSE:MUX – Get Free Report) NYSE: MUX last issued its quarterly earnings results on Thursday, February 29th. The company reported C$3.95 EPS for the quarter, topping the consensus estimate of C($0.43) by C$4.38. McEwen Mining had a net margin of 33.27% and a return on equity of 7.73%. The firm had revenue of C$79.89 million during the quarter, compared to analyst estimates of C$71.55 million. Sell-side analysts anticipate that McEwen Mining Inc will post 0.0820073 earnings per share for the current fiscal year.
McEwen Mining Company Profile
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.