McEwen Mining Inc (NYSE:MUX - Free Report) TSE: MUX - Stock analysts at HC Wainwright decreased their FY2025 earnings per share (EPS) estimates for shares of McEwen Mining in a note issued to investors on Wednesday, March 19th. HC Wainwright analyst H. Ihle now forecasts that the basic materials company will post earnings per share of ($0.42) for the year, down from their prior forecast 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.
Other equities analysts have also recently issued research reports about the stock. StockNews.com cut shares of McEwen Mining from a "hold" rating to a "sell" rating in a report on Wednesday, February 19th. 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.
Read Our Latest Analysis on MUX
McEwen Mining Stock Performance
Shares of NYSE MUX traded up $0.16 during midday trading on Friday, hitting $7.93. The company's stock had a trading volume of 743,342 shares, compared to its average volume of 730,270. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.74 and a current ratio of 1.17. McEwen Mining has a 1-year low of $6.46 and a 1-year high of $12.50. The firm's fifty day moving average price is $7.73 and its 200-day moving average price is $8.53. The firm has a market cap of $427.70 million, a P/E ratio of 3.62 and a beta of 1.39.
McEwen Mining (NYSE:MUX - Get Free Report) TSE: MUX last announced its quarterly earnings data 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). The firm had revenue of $33.52 million for the quarter, compared to the consensus estimate of $32.20 million. McEwen Mining had a return on equity of 20.77% and a net margin of 51.31%.
Institutional Trading of McEwen Mining
Several hedge funds have recently bought and sold shares of the company. GSA Capital Partners LLP acquired a new stake in shares of McEwen Mining in the third quarter valued at approximately $457,000. Quest Partners LLC acquired a new stake in McEwen Mining in the 3rd quarter valued at approximately $166,000. Connor Clark & Lunn Investment Management Ltd. raised its stake 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 valued at $3,659,000 after acquiring an additional 157,300 shares in the last quarter. Quantbot Technologies LP acquired a new position in McEwen Mining during the 3rd quarter worth $230,000. Finally, PDT Partners LLC bought a new position in shares of McEwen Mining in the third quarter worth $101,000. 17.03% of the stock is currently owned by institutional investors.
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.
Read More
Before you consider McEwen Mining, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and McEwen Mining wasn't on the list.
While McEwen Mining currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
