McEwen Mining (NYSE:MUX) Posts Quarterly Earnings Results, Misses Expectations By $0.08 EPS

by · The Cerbat Gem

McEwen Mining (NYSE:MUX – Get Free Report) (TSE:MUX) announced its earnings results on Tuesday. The basic materials company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.08), Zacks reports. McEwen Mining had a net margin of 46.32% and a return on equity of 18.08%. The firm had revenue of $52.25 million during the quarter, compared to analysts’ expectations of $48.60 million. During the same quarter in the prior year, the company earned ($0.39) EPS.

McEwen Mining Stock Performance

NYSE:MUX traded up $0.18 during trading hours on Thursday, reaching $9.27. The stock had a trading volume of 716,362 shares, compared to its average volume of 660,809. McEwen Mining has a 12-month low of $5.92 and a 12-month high of $12.50. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.21 and a current ratio of 1.68. The stock has a 50 day simple moving average of $9.57 and a 200 day simple moving average of $9.96. The stock has a market cap of $473.42 million, a P/E ratio of 5.01 and a beta of 1.43.

Analyst Upgrades and Downgrades

MUX has been the topic of several recent analyst reports. StockNews.com raised shares of McEwen Mining from a “sell” rating to a “hold” rating in a research report on Wednesday. HC Wainwright boosted their price objective on McEwen Mining from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Roth Mkm decreased their target price on McEwen Mining from $12.75 to $12.25 and set a “buy” rating for the company in a research report on Thursday.

Check Out Our Latest Stock Report on McEwen Mining

McEwen Mining Company Profile

(Get Free Report)

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.

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