Is McEwen Mining Inc (MUX) Stock About to Get Hot Monday?

Overall market sentiment has been high on McEwen Mining Inc (MUX) stock lately. MUX receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

McEwen Mining Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MUX!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With MUX Stock Today?

McEwen Mining Inc (MUX) stock is higher by 5.64% while the S&P 500 is lower by -0.22% as of 10:59 AM on Monday, Apr 1. MUX is higher by $0.55 from the previous closing price of $9.85 on volume of 318,986 shares. Over the past year the S&P 500 is higher by 27.11% while MUX is higher by 17.12%. MUX earned $1.16 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 8.94. To screen for more stocks like McEwen Mining Inc click here.

More About McEwen Mining Inc

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, each comprising roughly half of total sales. 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 majority of silver production, is produced by the San Jose mine. Click Here to get the full Stock Report for McEwen Mining Inc stock.