How to Buy Mcewen Mining Stock
Mcewen Mining Inc
Mcewen Mining is a precious metal company located in Ontario, Canada, which is part of the Basic Materials sector, and is traded under the ticker MUX on the NYSE exchange.
Mcewen Mining stock last closed at $11.61, up 0.52% from the previous day, and has increased 35% in one year. It has overperformed other stocks in the Other Precious Metals & Mining industry by 0.53 percentage points. Mcewen Mining stock is currently +96.11% from its 52-week low of $5.92, and -7.12% from its 52-week high of $12.50.
There are currently 49.44M MUX shares outstanding. The market value of MUX is $574.00M. In the past 24 hours, 343,194 MUX shares were traded.
How to Buy Mcewen Mining Stock
Not sure how to invest in Mcewen Mining stock? Here's how.
- Figure out where to buy Mcewen Mining stock: You need to pick a stock brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you choose where to buy Mcewen Mining stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit money your investment account: Pick your payment method and add your details.
- Analyze Mcewen Mining stock: The Mcewen Mining ticker symbol is MUX. Is Mcewen Mining stock a good investment? Should you buy shares of MUX? How do MUX's underlying business fundamentals look? Do top analysts think Mcewen Mining is a good buy? Why has MUX's stock price moved recently? (Hint: Our stock market research website can help you evaluate if MUX is a good stock to buy).
- Place your MUX buy order: Decide if you will purchase MUX shares at the current market price or use a limit order to purchase MUX shares at a particular price.
- Monitor your MUX investment: Create a watchlist to important notifications about your investment in Mcewen Mining stock.
Step 1: Figure out where to buy Mcewen Mining stock
You will need a brokerage account to access the NYSE market and buy MUX stock.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked the best brokerage, the next step is to fill out some personal info so you are able to buy MUX today.
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Step 3: Deposit money your investment account
Now that you've filled out your info on stock market apps, you need to deposit funds:
Watch the tutorial below to see the process of depositing money into your investment account.
Step 4: Analyze Mcewen Mining stock
Once you have identified the best place to buy Mcewen Mining stock, it's absolutely critical to evaluate their stock prior to investing, so you can understand the risk as well as the opportunity.
Mcewen Mining quick stats
MUX Overview
WallStreetZen was created to help everyday investors perform more in-depth fundamental analysis.
You can view all of the due diligence checks on MUX's stock page.
Is MUX stock undervalued or overvalued?
Analysts use many financial metrics, analyses, models, and charts to gauge MUX's true value.
Using relative valuations ratios:
- MUX could be undervalued based on its P/E ratio of 10.01x, relative to Other Precious Metals & Mining industry P/E ratio of 74.6x
- MUX could be undervalued based on its P/B ratio of 1.14x, relative to Other Precious Metals & Mining industry P/B ratio of 1.61x
You can access more valuation research on MUX's stock here.
MUX Financial Overview
Signs that MUX is financially healthy:
- There are more short-term assets than short-term liabilities on the MUX balance sheet.
- MUX profit margin has gone up from -73.4% to 33.3% in the past year.
- MUX has a low debt to equity ratio of 0.31.
Signs that MUX is not financially healthy:
- There are more long-term liabilities than short-term assets on the MUX balance sheet.
- MUX has cash burn of 65736000. It does not have sufficient cash and short-term investments to cover this.
- Total MUX debt is higher than 5 years ago, relative to shareholder equity.
- MUX has $29.25M in cash and short term investments. This is not sufficient to cover its annual cash burn of $65.74M.
Do analysts think it's a good time to buy Mcewen Mining stock
Out of 1 Equities analysts who give recommendations on MUX, the consensus analyst rating on Mcewen Mining is a Buy
Please note that analyst forecasts are not stock recommendations, nor are they investment advice.
You can dig deeper into what analysts are forecasting on the Mcewen Mining stock forecast page.
MUX Technicals
MUX Performance Metrics
Last year, MUX revenue was $166.23M. Over the past five year, MUX's revenue has increased by 5.34% per year. This was slower than the Other Precious Metals & Mining industry average of 63.76%.
Find out more about MUX's earnings and revenue performance here.
Are MUX insiders buying or selling the stock?
In the last year, executives and large shareholders at MUX have bought more shares than they have sold.
Ian J. Ball, Director of MUX, was the latest MUX insider to buy. They bought $19,011.65 worth of MUX stock on Jun 23, 2023.
Research more about who owns MUX shares here.
Can I rely on MUX as an income stream?
No, Mcewen Mining doesn't provide an income stream by paying out dividends.
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Step 5: Place your MUX buy order
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally sufficient. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a specific price, place a limit order.
Press the Open Trade button and your broker will execute your order.
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Step 6: Monitor your MUX investment
Now that you own some shares in MUX, you'll want to stay up-to-date on your new investment.
Make a watchlist to keep tabs on your MUX stock.
MUX Feed
How to Buy Stock in Mcewen Mining
To summarize, here are the 6 steps you need to take to buy Mcewen Mining stock right now:
- Figure out where to buy Mcewen Mining stock
- Sign up for your brokerage account
- Deposit money your investment account
- Analyze Mcewen Mining stock
- Place your MUX buy order
- Monitor your MUX investment
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