McEwen Mining (MUX) Shares are Up 0.83%

McEwen Mining (MUX) has been under a strong bear grip, hence the stock is down -18.48% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.29% in the past 1 week. The stock has risen by 0.83% in the past week indicating that the buyers are active at lower levels, but the stock is down -20.13% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 7.28% and the 50-Day Moving Average is 12.73%.The 200 Day SMA reached 43.77% McEwen Mining Inc. is up 10.06% in the last 3-month period. Year-to-Date the stock performance stands at 246.12%.


For the current week, the company shares have a recommendation consensus of Buy. McEwen Mining (NYSE:MUX): stock was range-bound between the intraday low of $3.51 and the intraday high of $3.78 after having opened at $3.67 on Fridays session. The stock finally closed in the red at $3.67, a loss of -2.93%. The stock remained in the red for the whole trading day. The total traded volume was 22,889,432 shares. The stock failed to cross $3.78 in Fridays trading. The stocks closing price on Thursday was $3.65.

McEwen Mining Inc. is a mining and minerals exploration company. The Company is focused on precious and base metals in Argentina, Mexico and the United States. Its operating segments include Argentina, Mexico and the United States. It has a land position consisting of mining claims, leases of mining claims or concessions of around 814 square miles in Argentina, 697 square miles in Mexico and 241 square miles in Nevada. It holds around 49% interest in Minera Santa Cruz S.A. (MSC), owner and operator of the producing San Jose mine in Santa Cruz, Argentina, which is controlled by the majority owner of the joint venture, Hochschild Mining plc (Hochschild). It also owns the El Gallo 1 gold mine in Sinaloa, Mexico. In addition to its operating properties, it also holds interests in numerous exploration stage properties and projects in Argentina, Mexico and the United States, including the Gold Bar (Gold Bar) and Los Azules (Los Azules) projects.

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