FY2025 EPS Estimates for McEwen Mining Decreased by Analyst

McEwen Mining Inc (NYSE:MUX) (TSE:MUX) – Research analysts at HC Wainwright decreased their FY2025 EPS estimates for shares of McEwen Mining in a research note issued on Wednesday, March 19th. HC Wainwright analyst H. Ihle now anticipates that the basic materials company will earn ($0.42) per share for the year, down from their previous estimate of ($0.39). HC Wainwright currently has a “Buy” rating and a $18.00 target price 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 released its earnings results on Friday, March 14th. The basic materials company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). The business had revenue of $33.52 million for the quarter, compared to analyst estimates of $32.20 million. McEwen Mining had a return on equity of 20.77% and a net margin of 51.31%.

A number of other research firms have also issued reports on MUX. StockNews.com lowered shares of McEwen Mining from a “hold” rating to a “sell” rating in a report on Wednesday, February 19th. Roth Mkm reduced their target price on shares of McEwen Mining from $13.00 to $12.50 and set a “buy” rating on the stock in a report on Friday.

McEwen Mining Price Performance

McEwen Mining stock opened at $7.66 on Friday. The firm has a market cap of $412.87 million, a PE ratio of 3.50 and a beta of 1.39. McEwen Mining has a 52-week low of $6.46 and a 52-week high of $12.50. The company has a quick ratio of 0.74, a current ratio of 1.17 and a debt-to-equity ratio of 0.06. The company’s 50 day moving average is $7.75 and its two-hundred day moving average is $8.54.

Institutional Investors Weigh In On McEwen Mining

A number of large investors have recently modified their holdings of the company. Tidal Investments LLC increased its position in shares of McEwen Mining by 556.7% in the 4th quarter. Tidal Investments LLC now owns 1,003,830 shares of the basic materials company’s stock valued at $7,810,000 after purchasing an additional 850,971 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of McEwen Mining by 369.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 556,718 shares of the basic materials company’s stock valued at $4,331,000 after purchasing an additional 438,088 shares during the last quarter. Geode Capital Management LLC increased its position in shares of McEwen Mining by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 484,792 shares of the basic materials company’s stock valued at $3,774,000 after purchasing an additional 13,673 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of McEwen Mining by 1.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 399,519 shares of the basic materials company’s stock valued at $3,103,000 after buying an additional 5,800 shares during the last quarter. Finally, U S Global Investors Inc. purchased a new position in shares of McEwen Mining in the 4th quarter valued at $2,557,000. 17.03% of the stock is owned by hedge funds and other institutional investors.

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.