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

McEwen Mining (NYSE:MUX) (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.

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.