McEwen Mining Inc (NYSE:MUX) to Post FY2025 Earnings of ($0.21) Per Share, HC Wainwright Forecasts

McEwen Mining Inc (NYSE:MUXFree Report) (TSE:MUX) – Equities researchers at HC Wainwright issued their FY2025 earnings per share (EPS) estimates for shares of McEwen Mining in a research note issued to investors on Friday, May 10th. HC Wainwright analyst H. Ihle anticipates that the basic materials company will earn ($0.21) per share for the year. HC Wainwright currently has a “Buy” rating and a $15.00 target price on the stock. The consensus estimate for McEwen Mining’s current full-year earnings is ($0.70) per share.

Several other analysts also recently issued reports on MUX. TheStreet raised McEwen Mining from a “d” rating to a “c” rating in a research note on Friday, March 1st. Roth Mkm restated a “buy” rating and issued a $12.00 target price (up previously from $11.00) on shares of McEwen Mining in a research note on Friday, May 10th.

View Our Latest Stock Report on MUX

McEwen Mining Trading Up 5.1 %

Shares of NYSE:MUX opened at $10.70 on Monday. The firm has a market cap of $528.76 million, a price-to-earnings ratio of 6.52 and a beta of 1.48. McEwen Mining has a 12 month low of $5.92 and a 12 month high of $12.50. The company’s fifty day simple moving average is $10.37 and its 200 day simple moving average is $8.17. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 0.08.

McEwen Mining (NYSE:MUXGet Free Report) (TSE:MUX) last posted its earnings results on Thursday, February 29th. The basic materials company reported $2.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.32) by $3.22. The firm had revenue of $58.68 million during the quarter, compared to analysts’ expectations of $53.00 million. McEwen Mining had a return on equity of 16.46% and a net margin of 44.83%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its position in shares of McEwen Mining by 1.0% in the first quarter. Van ECK Associates Corp now owns 2,050,635 shares of the basic materials company’s stock valued at $20,219,000 after buying an additional 20,587 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in McEwen Mining by 3.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,103,550 shares of the basic materials company’s stock worth $10,881,000 after acquiring an additional 40,205 shares during the period. Polunin Capital Partners Ltd bought a new stake in shares of McEwen Mining during the 1st quarter valued at $6,730,000. Vanguard Group Inc. grew its holdings in shares of McEwen Mining by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 616,066 shares of the basic materials company’s stock worth $6,074,000 after purchasing an additional 6,082 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of McEwen Mining in the first quarter worth $1,023,000. 17.03% of the stock is owned by institutional investors and hedge funds.

About McEwen Mining

(Get Free Report)

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.

Further Reading

Earnings History and Estimates for McEwen Mining (NYSE:MUX)

Receive News & Ratings for McEwen Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McEwen Mining and related companies with MarketBeat.com's FREE daily email newsletter.