McEwen Mining Inc (MUX) Clearly Signals Buy-Into the Stock: Don’t ignore the signals

With 0.98 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.56 million shares. During the session, the Other Precious Metals & Mining company that operates in wider Basic Materials sector, reached to the highest price of $8.665 whereas the lowest price it dropped to was $8.0994. The 52-week range on MUX shows that it touched its highest point at $12.50 and its lowest point at $5.92 during that stretch. It currently has a 1-year price target of $14.44. MUX paid its most recent dividend on 1551916800, while the ex-dividend date for that was 1551916800. Beta for the stock currently stands at 1.46.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MUX was down-trending over the past week, with a drop of -8.95%, but this was down by -17.10% over a month. Three-month performance dropped to -5.01% while six-month performance fell -18.07%. The stock gained 20.35% in the past year, while it has gained 15.67% so far this year. A look at the trailing 12-month EPS for MUX yields 2.09 with Next year EPS estimates of -0.08. For the next quarter, that number is -0.09. This implies an EPS growth rate of -151.30% for this year and 87.25% for next year.

Float and Shares Shorts:

At present, 49.44 million MUX shares are outstanding with a float of 44.45 million shares on hand for trading. On 2024-10-15, short shares totaled 1.43 million, which was 270.0 higher than short shares on 1726185600. In addition to Mr. Robert Ross McEwen as the firm’s Chairman, CEO, President & Chief Owner, Mr. Perry Y. Ing B.Com., B.Comm, C.A., C.F.A., CPA serves as its Interim Chief Financial Officer.

Institutional Ownership:

Through their ownership of 0.31365 of MUX’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, MUX reported revenue of $52250000.0 and operating income of $2983000.0. The EBITDA in the recently reported quarter was $12204000.0 and diluted EPS was -$0.04.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MUX since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With MUX analysts setting a high price target of 16.47 and a low target of 16.47, the average target price over the next 12 months is 16.47. Based on these targets, MUX could surge 97.48% to reach the target high and rise by 97.48% to reach the target low. Reaching the average price target will result in a growth of 97.48% from current levels.

Analysts have provided yearly estimates in a range of -$0.52059 being high and -$0.65074 being low. For MUX, this leads to a yearly average estimate of -$0.59. The surprise factor in the prior quarter was -$0.32. Based on analyst estimates, the high estimate for the next quarter is -$0.1 and the low estimate is -$0.1. The average estimate for the next quarter is thus -$0.1.