McEwen Mining (TSE:MUX) Stock Crosses Below 200-Day Moving Average – Should You Sell?

Shares of McEwen Mining Inc (TSE:MUX) (NYSE:MUX) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$29.20 and traded as low as C$27.20. McEwen Mining shares last traded at C$27.91, with a volume of 41,891 shares trading hands.

McEwen Mining Trading Down 1.9%

The stock has a market capitalization of C$1.70 billion, a PE ratio of 21.97 and a beta of 2.30. The firm has a 50 day moving average price of C$26.11 and a 200 day moving average price of C$29.15. The company has a quick ratio of 1.00, a current ratio of 2.04 and a debt-to-equity ratio of 19.02.

McEwen Mining (TSE:MUX) (NYSE:MUX) last announced its earnings results on Wednesday, May 6th. The company reported C$0.65 earnings per share (EPS) for the quarter. The company had revenue of C$102.95 million for the quarter. McEwen Mining had a return on equity of 13.47% and a net margin of 32.45%. Equities analysts expect that McEwen Mining Inc will post 0.0677185 EPS for the current fiscal 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. It also owns interests in the Fuller, Davidson-Tisdale, Buffalo Ankerite, and Paymaster exploration properties located in Canada; and a 49% interest in the San José mine located in Argentina.