FY2025 EPS Estimates for McEwen Mining Decreased by Analyst

McEwen Mining Inc (NYSE:MUX) (TSE:MUX) – Research analysts at HC Wainwright lowered their FY2025 EPS estimates for shares of McEwen Mining in a report released on Wednesday, March 19th. HC Wainwright analyst H. Ihle now expects that the basic materials company will post earnings per share of ($0.42) for the year, down from their prior forecast of ($0.39). HC Wainwright currently has a “Buy” rating and a $18.00 price target on the stock. The consensus estimate for McEwen Mining’s current full-year earnings is ($0.72) per share.

McEwen Mining (NYSE:MUX) (TSE:MUX) last issued its quarterly earnings data on Friday, March 14th. The basic materials company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.02). McEwen Mining had a return on equity of 20.77% and a net margin of 51.31%. The business had revenue of $33.52 million for the quarter, compared to analysts’ expectations of $32.20 million.

Several other research analysts also recently issued reports on MUX. StockNews.com downgraded shares of McEwen Mining from a “hold” rating to a “sell” rating in a research report on Wednesday, February 19th. Roth Mkm lowered their price objective on shares of McEwen Mining from $13.00 to $12.50 and set a “buy” rating on the stock in a research report on Friday.

McEwen Mining Trading Down 8.2 %

Shares of McEwen Mining stock opened at $7.66 on Friday. McEwen Mining has a 1 year low of $6.46 and a 1 year high of $12.50. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.74 and a current ratio of 1.17. The company has a market capitalization of $412.87 million, a P/E ratio of 3.50 and a beta of 1.39. The company’s fifty day moving average is $7.75 and its two-hundred day moving average is $8.54.

Institutional Trading of McEwen Mining

Hedge funds have recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of McEwen Mining by 66.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 393,719 shares of the basic materials company’s stock worth $3,659,000 after acquiring an additional 157,300 shares during the period. Private Advisor Group LLC lifted its stake in shares of McEwen Mining by 18.8% in the 4th quarter. Private Advisor Group LLC now owns 12,645 shares of the basic materials company’s stock worth $98,000 after acquiring an additional 2,000 shares during the period. Geode Capital Management LLC lifted its stake in shares of McEwen Mining by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 471,119 shares of the basic materials company’s stock worth $4,383,000 after acquiring an additional 25,844 shares during the period. Empowered Funds LLC acquired a new stake in shares of McEwen Mining in the 4th quarter worth $788,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of McEwen Mining in the 3rd quarter worth $457,000. Institutional investors and hedge funds own 17.03% of the company’s stock.

McEwen Mining Company Profile

McEwen Mining Inc engages in the exploration, development, production, and sale of gold and silver. It also explores for copper deposits. The company owns 100% interests in the El Gallo and Fenix projects located in Mexico; and the Black Fox Mine and Stock Mill, Grey Fox, and Froome and Tamarack properties in Canada.