McEwen Stock Hits New 52-Week Low (MUX)

NEW YORK ( TheStreet) -- McEwen Mining (NYSE: MUX) hit a new 52-week low Tuesday as it is currently trading at $2.17, below its previous 52-week low of $2.18 with 2.5 million shares traded as of 2:30 p.m. ET. Average volume has been 2.6 million shares over the past 30 days.

McEwen has a market cap of $409.6 million and is part of the basic materials sector and metals & mining industry. Shares are down 28.6% year to date as of the close of trading on Monday.

McEwen Mining Inc. engages in the exploration for, development of, production, and sale of gold, silver, and copper. It holds interests in various properties located in the state of Nevada, Mexico, and Argentina.

TheStreet Ratings rates McEwen as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full McEwen Ratings Report.

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