Analysts Set Expectations for McEwen Mining FY2024 Earnings

McEwen Mining Inc (TSE:MUX) (NYSE:MUX) – Equities research analysts at HC Wainwright boosted their FY2024 earnings estimates for shares of McEwen Mining in a report issued on Thursday, November 7th. HC Wainwright analyst H. Ihle now anticipates that the company will earn ($0.83) per share for the year, up from their previous estimate of ($1.21). The consensus estimate for McEwen Mining’s current full-year earnings is $0.07 per share. HC Wainwright also issued estimates for McEwen Mining’s FY2025 earnings at ($0.21) EPS.

McEwen Mining Stock Performance

TSE:MUX opened at C$11.54 on Monday. The stock has a 50-day moving average price of C$13.09 and a 200 day moving average price of C$13.52. The stock has a market capitalization of C$611.50 million, a P/E ratio of 4.54 and a beta of 1.45. McEwen Mining has a 12-month low of C$8.05 and a 12-month high of C$17.08. The company has a current ratio of 1.68, a quick ratio of 1.00 and a debt-to-equity ratio of 8.53.

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.