McEwen Mining FY2025 EPS Estimate Lowered by HC Wainwright

McEwen Mining Inc (NYSE:MUX) (TSE:MUX) – Stock analysts at HC Wainwright lowered their FY2025 earnings per share (EPS) estimates for shares of McEwen Mining in a research 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 currently has a “Buy” rating and a $18.00 target price 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 earnings results on Friday, March 14th. The basic materials company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). The company had revenue of $33.52 million during the quarter, compared to analyst estimates of $32.20 million. McEwen Mining had a return on equity of 20.77% and a net margin of 51.31%.

Separately, StockNews.com downgraded McEwen Mining from a “hold” rating to a “sell” rating in a report on Wednesday, February 19th.

McEwen Mining Stock Performance

Shares of NYSE MUX opened at $8.35 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.17 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $441.66 million, a price-to-earnings ratio of 3.81 and a beta of 1.39. The stock’s fifty day simple moving average is $7.76 and its 200 day simple moving average is $8.55. McEwen Mining has a 52-week low of $6.46 and a 52-week high of $12.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. boosted its position in McEwen Mining by 66.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 393,719 shares of the basic materials company’s stock valued at $3,659,000 after purchasing an additional 157,300 shares during the last quarter. Private Advisor Group LLC boosted its position in McEwen Mining by 18.8% during the fourth quarter. Private Advisor Group LLC now owns 12,645 shares of the basic materials company’s stock valued at $98,000 after purchasing an additional 2,000 shares during the last quarter. Geode Capital Management LLC boosted its position in McEwen Mining by 5.8% during the third quarter. Geode Capital Management LLC now owns 471,119 shares of the basic materials company’s stock valued at $4,383,000 after purchasing an additional 25,844 shares during the last quarter. Empowered Funds LLC acquired a new stake in McEwen Mining during the fourth quarter valued at $788,000. Finally, GSA Capital Partners LLP acquired a new stake in McEwen Mining during the third quarter valued at $457,000. Hedge funds and other institutional investors 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.