McEwen Mining FY2025 EPS Estimate Lowered by HC Wainwright

McEwen Mining Inc (NYSE:MUX) (TSE:MUX) – Equities researchers at HC Wainwright dropped their FY2025 EPS estimates for McEwen Mining in a note issued to investors on Wednesday, March 19th. HC Wainwright analyst H. Ihle now forecasts that the basic materials company will post earnings per share of ($0.42) for the year, down from their previous estimate 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 issued 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). The business had revenue of $33.52 million for the quarter, compared to the consensus estimate of $32.20 million. McEwen Mining had a net margin of 51.31% and a return on equity of 20.77%.

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

McEwen Mining Price Performance

Shares of 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 debt-to-equity ratio of 0.06, a quick ratio of 0.74 and a current ratio of 1.17. The firm’s 50 day moving average price is $7.75 and its 200 day moving average price is $8.54. The firm has a market cap of $405.14 million, a PE ratio of 3.50 and a beta of 1.39.

Hedge Funds Weigh In On McEwen Mining

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. New Age Alpha Advisors LLC acquired a new position in McEwen Mining during the fourth quarter valued at approximately $38,000. Quarry LP acquired a new stake in shares of McEwen Mining in the third quarter worth $51,000. Aquatic Capital Management LLC grew its stake 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 acquiring an additional 5,727 shares during the last quarter. Total Wealth Planning & Management Inc. acquired a new stake in shares of McEwen Mining in the fourth quarter worth $96,000. Finally, Private Advisor Group LLC grew its stake in shares of McEwen Mining by 18.8% in the fourth quarter. Private Advisor Group LLC now owns 12,645 shares of the basic materials company’s stock worth $98,000 after acquiring an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 17.03% of the company’s stock.

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.