McEwen Mining (NYSE:MUX) Announces Quarterly Earnings Results, Misses Estimates By $0.02 EPS

McEwen Mining (NYSE:MUX) (TSE:MUX) issued its quarterly earnings data on Friday. The basic materials company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02), Zacks reports. McEwen Mining had a net margin of 51.31% and a return on equity of 20.77%.

McEwen Mining Stock Down 0.6 %

MUX traded down $0.04 during trading on Friday, reaching $7.49. The company had a trading volume of 703,246 shares, compared to its average volume of 913,830. The business’s fifty day moving average price is $7.80 and its 200 day moving average price is $8.60. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.17 and a quick ratio of 0.74. McEwen Mining has a 12 month low of $6.46 and a 12 month high of $12.50. The company has a market cap of $396.20 million, a P/E ratio of 3.42 and a beta of 1.39.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. HC Wainwright decreased their price target on shares of McEwen Mining from $19.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, January 30th. StockNews.com cut McEwen Mining from a “hold” rating to a “sell” rating in a research note on Wednesday, February 19th.

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.