McEwen Mining (MUX) Trading Down 6.9%

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.

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About McEwen Mining (TSE:MUX)

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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