McEwen Mining (NYSE:MUX) Releases Earnings Results, Misses Expectations By $0.02 EPS

McEwen Mining (NYSE:MUX - Get Free Report) TSE: MUX released its earnings results on Friday. The basic materials company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.02), Zacks reports. McEwen Mining had a net margin of 51.31% and a return on equity of 20.77%. The company had revenue of $33.52 million during the quarter, compared to analysts' expectations of $32.20 million.

McEwen Mining Stock Up 4.6 %

Shares of MUX traded up $0.35 during mid-day trading on Tuesday, reaching $7.88. The company's stock had a trading volume of 1,534,113 shares, compared to its average volume of 725,699. The business has a fifty day moving average of $7.77 and a 200 day moving average of $8.56. The company has a market cap of $416.78 million, a price-to-earnings ratio of 3.60 and a beta of 1.39. McEwen Mining has a 1 year low of $6.46 and a 1 year 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.

Wall Street Analyst Weigh In

Several analysts recently issued reports on MUX shares. HC Wainwright cut their price target on shares of McEwen Mining from $19.00 to $18.00 and set a "buy" rating on the stock in a report on Thursday, January 30th. StockNews.com downgraded McEwen Mining from a "hold" rating to a "sell" rating in a research report on Wednesday, February 19th.

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McEwen Mining Company Profile

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.