Shares of McEwen Mining Inc (TSE:MUX) (NYSE:MUX) traded down 6.9% during mid-day trading on Tuesday . The stock traded as low as C$1.88 and last traded at C$1.88. 129,925 shares were traded during trading, a decline of 43% from the average session volume of 227,713 shares. The stock had previously closed at C$2.02.
The company has a debt-to-equity ratio of 11.36, a quick ratio of 0.51 and a current ratio of 1.99. The stock has a market cap of $694.81 million and a PE ratio of -12.79.
McEwen Mining (TSE:MUX) (NYSE:MUX) last posted its quarterly earnings results on Tuesday, April 30th. The company reported C($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of C($0.03) by C($0.01). The business had revenue of C$20.79 million for the quarter, compared to analyst estimates of C$33.34 million. On average, equities analysts forecast that McEwen Mining Inc will post 0.139999994455446 EPS for the current fiscal year.
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.
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