FY2025 EPS Estimates for McEwen Mining Lowered by Analyst

McEwen Mining Inc (NYSE:MUX - Free Report) TSE: MUX - HC Wainwright cut their FY2025 earnings per share (EPS) estimates for McEwen Mining in a research note issued to investors on Wednesday, March 19th. HC Wainwright analyst H. Ihle now forecasts that the basic materials company will post earnings of ($0.42) per share for the year, down from their previous estimate of ($0.39). HC Wainwright has a "Buy" rating and a $18.00 price objective on the stock. The consensus estimate for McEwen Mining's current full-year earnings is ($0.72) per share.

MUX has been the topic of several other research reports. Roth Mkm cut their price target on McEwen Mining from $13.00 to $12.50 and set a "buy" rating on the stock in a report on Friday. StockNews.com cut McEwen Mining from a "hold" rating to a "sell" rating in a report on Wednesday, February 19th.

McEwen Mining Stock Up 0.9 %

Shares of MUX stock traded up $0.07 on Friday, reaching $7.72. 480,909 shares of the company were exchanged, compared to its average volume of 959,985. McEwen Mining has a one year low of $6.46 and a one year high of $12.50. The company has a market cap of $416.38 million, a price-to-earnings ratio of 3.53 and a beta of 1.39. The company has a 50-day moving average of $7.75 and a 200-day moving average of $8.54. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.17 and a quick ratio of 0.74.

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McEwen Mining (NYSE:MUX - Get Free Report) TSE: MUX last issued its earnings results 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 company had revenue of $33.52 million for the quarter, compared to the consensus estimate of $32.20 million.

Hedge Funds Weigh In On McEwen Mining

Several large investors have recently added to or reduced their stakes in the business. Tidal Investments LLC raised its stake in shares of McEwen Mining by 556.7% in the fourth quarter. Tidal Investments LLC now owns 1,003,830 shares of the basic materials company's stock worth $7,810,000 after purchasing an additional 850,971 shares during the last quarter. Dimensional Fund Advisors LP raised its position in 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 buying an additional 438,088 shares during the last quarter. U S Global Investors Inc. purchased a new stake in McEwen Mining in the 4th quarter valued at $2,557,000. Bridgeway Capital Management LLC bought a new position in McEwen Mining during the 4th quarter valued at $2,111,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in McEwen Mining by 66.5% during 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 last quarter. Institutional investors own 17.03% of the company's stock.

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.