Does McEwen Mining Inc Have Any Gas After Today's Huge Increase?

The stock stands almost -26.34% off versus the 52-week high and 371.95% away from the 52-week low. Now shares have been rated as "Buy" from 0 Analysts. The latest trading activity showed that the McEwen Mining Inc. share price went up +369.52% from its 52-week low of $0.77 and trades lower -26.42% comparing its 52-week high of $4.92. (MUX). The consensus rating is 2, indicating analysts in general look favorably on the company's future prospects. Analyst's mean target price for Primero Mining Corp.

Alamos Gold, Inc. (NYSE:AGI) traded 2.03 Million shares on last trading day with closing price of $7.42.

For this year, McEwen Mining Inc. Its weekly performance is -5.97% while year to date (YTD) performance is 243.28%. Over the past five trading sessions it is -5.97%; -17.45% for the month; 49.13% for the last quarter; 89.74% for the past six-months; and 343.75% for the last 12 months. The Insider ownership stake in the company is 0.30% while the ATR stands at 0.29. After the 1st trading documented at $6.97, the company was seen striking $7.44 as it's a day high price and $6.84 as its low price. The company has its Price to Sales (P/S) ratio of 14.53 where Price to Book (P/B) ratio of 2.45, Price to Cash Per share (P/C) of 24.46 and Price to Free Cash Flow (P/FCF) has a value of 44.61. The Corporation has a Mean Rating of 2 based on the Reuters Analysts consensus issuing ratings. It has been assigned a low target price of $4.3 and a high target price of $8.

McEwen Mining Inc. (NYSE:MUX) showed bearish move with loss of -6.54% after exchanging volume of 5.63 million shares in last trading session ended on 8/31/2016. According to these analysts, the Low Revenue Estimate for McEwen Mining 72.4 Million and the High Revenue Estimate is 72.4 Million. The current price change puts the market capitalization at $5.25 bln. Underperform rating was given by 0 analyst and Outperform rating was given by 1 analyst. Also, the Hold rating count is 14 as of 9/1/2016. They now have a $9.50 price objective on the stock, up from their previous price objective of $8.50. The count of Hold ratings in that period was 11.

Gerdau S.A.'s (GGB) made a return of 23.08%% in one month through last close, displaying a 75.28% return during the past three months.

While looking at the Stock's Performance, McEwen Mining Inc. now shows a Weekly Performance of -5.97%, where Monthly Performance is -17.45%, Quarterly performance is 49.13%, 6 Months performance is 89.74% and yearly performance percentage is 343.75%.

  • Zachary Reyes