Roth Capital Comments on McEwen Mining Inc’s FY2024 Earnings (TSE:MUX)

McEwen Mining Inc (TSE:MUX) (NYSE:MUX) – Equities researchers at Roth Capital raised their FY2024 earnings estimates for shares of McEwen Mining in a note issued to investors on Monday, October 7th. Roth Capital analyst J. Reagor now anticipates that the company will post earnings of ($0.79) per share for the year, up from their prior estimate of ($1.00). The consensus estimate for McEwen Mining’s current full-year earnings is $0.06 per share. Roth Capital also issued estimates for McEwen Mining’s Q4 2024 earnings at $0.04 EPS, Q1 2025 earnings at ($0.15) EPS, Q2 2025 earnings at ($0.16) EPS, Q3 2025 earnings at $0.05 EPS, Q4 2025 earnings at $0.04 EPS and FY2025 earnings at ($0.20) EPS.

McEwen Mining Trading Up 2.0 %

McEwen Mining stock opened at C$13.56 on Wednesday. The company has a debt-to-equity ratio of 8.53, a quick ratio of 1.00 and a current ratio of 1.68. McEwen Mining has a fifty-two week low of C$8.05 and a fifty-two week high of C$17.08. The stock has a market cap of C$718.54 million, a P/E ratio of 5.45 and a beta of 1.45. The firm’s fifty day moving average price is C$12.40 and its 200-day moving average price is C$13.72.

McEwen Mining (TSE:MUX) (NYSE:MUX) last posted its earnings results on Wednesday, August 7th. The company reported C($0.36) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.30) by C($0.06). McEwen Mining had a return on equity of 16.78% and a net margin of 46.63%. The firm had revenue of C$64.96 million for the quarter, compared to the consensus estimate of C$60.14 million.

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.