McEwen Mining (TSE:MUX) Hits New 52-Week High at $17.08

McEwen Mining Inc (TSE:MUX) (NYSE:MUX)’s stock price hit a new 52-week high on Friday . The company traded as high as C$17.08 and last traded at C$17.03, with a volume of 70665 shares traded. The stock had previously closed at C$16.31.

McEwen Mining Trading Up 2.7 %

The business’s 50 day simple moving average is C$12.34 and its 200 day simple moving average is C$10.58. 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 company has a market capitalization of C$828.12 million, a price-to-earnings ratio of 10.53 and a beta of 1.55.

McEwen Mining (TSE:MUX) (NYSE:MUX) last issued its quarterly earnings results on Thursday, February 29th. The company reported C$3.95 earnings per share (EPS) for the quarter, beating the consensus estimate of C($0.43) by C$4.38. McEwen Mining had a return on equity of 7.73% and a net margin of 33.27%. The firm had revenue of C$79.89 million for the quarter, compared to analysts’ expectations of C$71.55 million. Research analysts anticipate that McEwen Mining Inc will post 0.0794574 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.