Does McEwen Mining Inc Have Any Gas After Today's Huge Increase?
- Author: Zachary Reyes Sep 03, 2016,
Sep 03, 2016, 23:29
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 Inc.is 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%.