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FY2024 EPS Estimates for McEwen Mining Lowered by Analyst

McEwen Mining logo with Basic Materials background

McEwen Mining Inc (TSE:MUX - Free Report) NYSE: MUX - Research analysts at Roth Capital decreased their FY2024 EPS estimates for shares of 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 previous forecast 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 - Get Free Report) NYSE: MUX last posted its quarterly earnings results on Tuesday, November 5th. The company reported C($0.05) earnings per share for the quarter, missing the consensus estimate 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 quarter in the prior year, the company earned ($0.52) earnings per share.

McEwen Mining Stock Down 0.8 %

McEwen Mining stock traded down C$0.10 during midday trading on Monday, reaching C$12.40. The stock had a trading volume of 16,719 shares, compared to its average volume of 20,340. The company has a current ratio of 1.68, a quick ratio of 1.00 and a debt-to-equity ratio of 8.53. McEwen Mining has a 12 month low of C$8.05 and a 12 month high of C$17.08. The company has a fifty day moving average price of C$11.90 and a two-hundred day moving average price of C$12.39. The company has a market capitalization of C$657.08 million, a P/E ratio of 4.88 and a beta of 1.45.

McEwen Mining Company Profile

(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.

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