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

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. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With MUX Stock Today?

McEwen Mining Inc (MUX) stock has fallen -1.61% while the S&P 500 has risen 0.29% as of 9:46 AM on Wednesday, Nov 15. MUX is lower by -$0.12 from the previous closing price of $7.46 on volume of 67,598 shares. Over the past year the S&P 500 is up 13.93% while MUX has risen 38.23%. MUX lost -$2.58 per share in the over the last 12 months. To see InvestorsObserver's Sentiment Score for 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.