MUX Stock Summary and Trading Ideas (Mcewen Mining | NYSE:MUX)

McEwen Mining Inc is a mining and minerals production and exploration company focused on precious and base minerals in Argentina, Mexico, and the United States. The company's overall revenue is principally derived from the production of gold and silver. The company owns and operates the wholly-owned El Gallo 1 mine in Mexico, and has a minority shareholding in the company that operates the San Jose mine in Argentina. More than half the company's gold output is produced by the El Gallo 1 mine. The remaining gold production, and the majority of silver production, is produced by the San Jose mine. Geographically, the majority is from Canada.

Mcewen Mining trades on the NYSE stock market under the symbol MUX.

As of February 7, 2025, MUX stock price declined to $7.25 with 4,748,687 million shares trading.

MUX has a beta of 1.17, meaning it tends to be more sensitive to market movements. MUX has a correlation of 0.09 to the broad based SPY ETF.

MUX has a market cap of $383.70 million. This is considered a Small Cap stock.

Last quarter Mcewen Mining reported $52 million in Revenue and -$.04 earnings per share. This fell short of revenue expectation by $-11 million and exceeded earnings estimates by $.12.

In the last 3 years, MUX traded as high as $12.50 and as low as $2.81.

The top ETF exchange traded funds that MUX belongs to (by Net Assets): GDXJ, SILJ, SIL, XME, VXF.

MUX has underperformed the market in the last year with a price return of +2.5% while the SPY ETF gained +23.0%. MUX has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -20.2% and -12.3%, respectively, while the SPY returned +1.9% and -1.5%, respectively.

MUX support price is $8.40 and resistance is $8.90 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MUX shares will trade within this expected range on the day.