FY2024 EPS Estimate for McEwen Mining Decreased by Analyst

McEwen Mining Inc (TSE:MUX) (NYSE:MUX) – Analysts at Roth Capital cut their FY2024 earnings estimates for McEwen Mining in a research report issued on Thursday, January 30th. Roth Capital analyst J. Reagor now anticipates that the company will post earnings of ($1.20) per share for the year, down from their prior estimate of ($1.05). The consensus estimate for McEwen Mining’s current full-year earnings is $0.07 per share. Roth Capital also issued estimates for McEwen Mining’s Q4 2024 earnings at ($0.19) EPS, Q1 2025 earnings at ($0.17) EPS, Q2 2025 earnings at ($0.20) EPS, Q3 2025 earnings at $0.07 EPS, Q4 2025 earnings at $0.06 EPS and FY2025 earnings at ($0.25) EPS.

McEwen Mining Trading Down 3.4 %

TSE:MUX opened at C$12.00 on Monday. McEwen Mining has a one year low of C$8.05 and a one year high of C$17.08. The business’s 50-day simple moving average is C$11.83 and its 200 day simple moving average is C$12.40. The company has a debt-to-equity ratio of 8.53, a quick ratio of 1.00 and a current ratio of 1.68. The stock has a market cap of C$635.88 million, a price-to-earnings ratio of 4.72 and a beta of 1.45.

McEwen Mining (TSE:MUX) (NYSE:MUX) last posted its quarterly earnings data on Tuesday, November 5th. The company reported C($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.10). McEwen Mining had a net margin of 46.63% and a return on equity of 16.78%. During the same quarter in the previous year, the firm earned ($0.52) earnings per share.

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.