Mcewen Mining Stock Today
MUX Stock | CAD 15.20 0.31 2.08% |
Performance18 of 100
| Odds Of DistressLess than 24
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McEwen Mining is selling at 15.20 as of the 24th of April 2024; that is 2.08 percent up since the beginning of the trading day. The stock's open price was 14.89. McEwen Mining has about a 24 % chance of experiencing some form of financial distress in the next two years of operation and had a somewhat solid performance during the last 90 days. Equity ratings for McEwen Mining are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of February 2024 and ending today, the 24th of April 2024. Click here to learn more.
Business Domain Materials | Category Basic Materials |
McEwen Mining Inc. engages in the exploration, development, production, and sale of gold and silver deposits in the United States, Canada, Mexico, and Argentina. McEwen Mining Inc. was incorporated in 1979 and is headquartered in Toronto, Canada. MCEWEN MINING operates under Other Precious Metals Mining classification in Canada and is traded on Toronto Stock Exchange. The company has 49.41 M outstanding shares of which 1.07 M shares are now shorted by private and institutional investors with about 18.98 days to cover all short positions. More on McEwen Mining
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McEwen Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. McEwen Mining's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding McEwen Mining or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Chairman, CEO and Chief Owner | Robert McEwen | ||||
Business Concentration | Diversified Metals & Mining, Other Precious Metals & Mining, Basic Materials, Materials, Metals & Mining, Other Precious Metals & Mining, Basic Materials (View all Sectors) | ||||
McEwen Mining's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to McEwen Mining's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand McEwen Mining's financial leverage. It provides some insight into what part of McEwen Mining's total assets is financed by creditors.
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McEwen Mining (MUX) is traded on Toronto Exchange in Canada and employs 1,977 people. McEwen Mining is listed under Diversified Metals & Mining category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 752.11 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate McEwen Mining's market, we take the total number of its shares issued and multiply it by McEwen Mining's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. McEwen Mining operates under Metals & Mining sector and is part of Materials industry. The entity has 49.41 M outstanding shares of which 1.07 M shares are now shorted by private and institutional investors with about 18.98 days to cover all short positions.
McEwen Mining has accumulated about 46.42 M in cash with (39.64 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.98.
Check McEwen Mining Probability Of Bankruptcy
Ownership AllocationMcEwen Mining holds a total of 49.41 Million outstanding shares. McEwen Mining secures 16.74 % of its outstanding shares held by insiders and 21.0 % owned by institutional investors. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check McEwen Ownership Details
McEwen Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of McEwen Mining jumping above the current price in 90 days from now is about 7.23%. The McEwen Mining probability density function shows the probability of McEwen Mining stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon the stock has a beta coefficient of 1.229. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, McEwen Mining will likely underperform. Additionally, mcEwen Mining has an alpha of 0.7817, implying that it can generate a 0.78 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of McEwen Mining to move above the current price in 90 days from now is about 7.23 (This McEwen Mining probability density function shows the probability of McEwen Stock to fall within a particular range of prices over 90 days) .
McEwen Mining Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. McEwen Mining market risk premium is the additional return an investor will receive from holding McEwen Mining long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in McEwen Mining. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although McEwen Mining's alpha and beta are two of the key measurements used to evaluate McEwen Mining's performance over the market, the standard measures of volatility play an important role as well.
Mean Deviation | 2.6 | |||
Semi Deviation | 1.95 | |||
Standard Deviation | 3.65 | |||
Variance | 13.33 |
McEwen Stock Against Markets
Picking the right benchmark for McEwen Mining stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in McEwen Mining stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for McEwen Mining is critical whether you are bullish or bearish towards McEwen Mining at a given time. Please also check how McEwen Mining's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in McEwen Mining without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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McEwen Mining Corporate Directors
McEwen Mining corporate directors refer to members of a McEwen Mining board of directors. The board of directors generally takes responsibility for the McEwen Mining's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of McEwen Mining's board members must vote for the resolution. The McEwen Mining board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.Leanne Baker | Independent Director | Profile | |
Michael Stein | Independent Director | Profile | |
Donald Quick | Independent Director | Profile | |
William PEng | Interim Director | Profile |
How to buy McEwen Stock?
Before investing in McEwen Mining, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in McEwen Mining. To buy McEwen Mining stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of McEwen Mining. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase McEwen Mining stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located McEwen Mining stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased McEwen Mining stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as McEwen Mining, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy McEwen Stock please use our How to Invest in McEwen Mining guide.
Already Invested in McEwen Mining?
The danger of trading McEwen Mining is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of McEwen Mining is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than McEwen Mining. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile McEwen Mining is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether McEwen Mining offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of McEwen Mining's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Mcewen Mining Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mcewen Mining Stock: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in McEwen Mining. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in McEwen Stock, please use our How to Invest in McEwen Mining guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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When running McEwen Mining's price analysis, check to measure McEwen Mining's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy McEwen Mining is operating at the current time. Most of McEwen Mining's value examination focuses on studying past and present price action to predict the probability of McEwen Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move McEwen Mining's price. Additionally, you may evaluate how the addition of McEwen Mining to your portfolios can decrease your overall portfolio volatility.
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