Roth Capital Decreases Earnings Estimates for McEwen Mining

McEwen Mining Inc (TSE:MUX) (NYSE:MUX) – Analysts at Roth Capital decreased their FY2024 EPS estimates for McEwen Mining in a research note issued on Thursday, January 30th. Roth Capital analyst J. Reagor now expects that the company will post earnings per share of ($1.20) for the year, down from their prior estimate of ($1.05). The consensus estimate for McEwen Mining’s current full-year earnings is $0.07 per share. Roth Capital also issued estimates for McEwen Mining’s Q4 2024 earnings at ($0.19) EPS, Q1 2025 earnings at ($0.17) EPS, Q2 2025 earnings at ($0.20) EPS, Q3 2025 earnings at $0.07 EPS, Q4 2025 earnings at $0.06 EPS and FY2025 earnings at ($0.25) EPS.

McEwen Mining (TSE:MUX) (NYSE:MUX) last issued its earnings results on Tuesday, November 5th. The company reported C($0.05) EPS for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.10). McEwen Mining had a net margin of 46.63% and a return on equity of 16.78%. During the same period in the prior year, the business earned ($0.52) earnings per share.

McEwen Mining Stock Up 1.4 %

Shares of TSE MUX opened at C$12.44 on Monday. The company has a debt-to-equity ratio of 8.53, a current ratio of 1.68 and a quick ratio of 1.00. McEwen Mining has a 1 year low of C$8.05 and a 1 year high of C$17.08. The stock has a market capitalization of C$659.20 million, a P/E ratio of 4.90 and a beta of 1.45. The company has a 50-day moving average price of C$11.86 and a 200-day moving average price of C$12.39.

About McEwen Mining

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.