McEwen Mining FY2025 EPS Estimate Lowered by HC Wainwright

McEwen Mining Inc (NYSE:MUX) (TSE:MUX) – Equities researchers at HC Wainwright reduced their FY2025 EPS estimates for shares of McEwen Mining in a research note issued on Wednesday, March 19th. HC Wainwright analyst H. Ihle now forecasts that the basic materials company will earn ($0.42) per share for the year, down from their prior forecast of ($0.39). HC Wainwright has a “Buy” rating and a $18.00 price target on the stock. The consensus estimate for McEwen Mining’s current full-year earnings is ($0.72) per share.

McEwen Mining (NYSE:MUX) (TSE:MUX) last posted its quarterly earnings data on Friday, March 14th. The basic materials company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.02). McEwen Mining had a net margin of 51.31% and a return on equity of 20.77%. The business had revenue of $33.52 million for the quarter, compared to the consensus estimate of $32.20 million.

Other equities analysts have also issued research reports about the stock. StockNews.com lowered shares of McEwen Mining from a “hold” rating to a “sell” rating in a research report on Wednesday, February 19th. Roth Mkm reduced their price objective on shares of McEwen Mining from $13.00 to $12.50 and set a “buy” rating for the company in a research note on Friday.

McEwen Mining Stock Performance

NYSE:MUX opened at $7.66 on Friday. McEwen Mining has a twelve month low of $6.46 and a twelve month high of $12.50. The company has a current ratio of 1.17, a quick ratio of 0.74 and a debt-to-equity ratio of 0.06. The company has a 50-day moving average of $7.75 and a 200-day moving average of $8.54. The firm has a market cap of $405.14 million, a price-to-earnings ratio of 3.50 and a beta of 1.39.

Institutional Trading of McEwen Mining

A number of hedge funds have recently bought and sold shares of the company. New Age Alpha Advisors LLC purchased a new stake in shares of McEwen Mining in the fourth quarter worth approximately $38,000. Quarry LP purchased a new stake in shares of McEwen Mining in the third quarter worth approximately $51,000. Aquatic Capital Management LLC lifted its position in shares of McEwen Mining by 357.9% in the fourth quarter. Aquatic Capital Management LLC now owns 7,327 shares of the basic materials company’s stock worth $57,000 after purchasing an additional 5,727 shares in the last quarter. PDT Partners LLC purchased a new stake in shares of McEwen Mining in the third quarter worth approximately $101,000. Finally, Total Wealth Planning & Management Inc. purchased a new stake in shares of McEwen Mining in the fourth quarter worth approximately $96,000. 17.03% of the stock is owned by hedge funds and other institutional investors.

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.