McEwen Mining (NYSE:MUX) Announces Earnings Results, Misses Estimates By $0.02 EPS

McEwen Mining (NYSE:MUXGet Free Report) (TSE:MUX) announced its quarterly earnings data on Friday. The basic materials company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02), Zacks reports. McEwen Mining had a return on equity of 20.77% and a net margin of 51.31%. The business had revenue of $33.52 million for the quarter, compared to analyst estimates of $32.20 million.

McEwen Mining Price Performance

McEwen Mining stock traded down $0.04 during trading hours on Friday, hitting $7.49. The stock had a trading volume of 703,246 shares, compared to its average volume of 913,955. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.17 and a quick ratio of 0.74. The stock has a market capitalization of $396.20 million, a price-to-earnings ratio of 3.42 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 stock’s fifty day moving average is $7.80 and its two-hundred day moving average is $8.60.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. HC Wainwright dropped their price objective on 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 lowered McEwen Mining from a “hold” rating to a “sell” rating in a report on Wednesday, February 19th.

Read Our Latest Analysis on McEwen Mining

About McEwen Mining

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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.

See Also

Earnings History for McEwen Mining (NYSE:MUX)

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