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

McEwen Mining (NYSE:MUXGet Free Report) (TSE:MUX) issued its quarterly earnings results on Tuesday. The basic materials company reported ($0.04) earnings per share (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 company had revenue of $52.25 million during the quarter, compared to analyst estimates of $48.60 million. During the same quarter last year, the firm earned ($0.39) EPS.

McEwen Mining Price Performance

McEwen Mining stock traded up $0.18 during mid-day trading on Thursday, reaching $9.27. The company had a trading volume of 716,362 shares, compared to its average volume of 660,809. The stock’s 50-day simple moving average is $9.57 and its 200-day simple moving average is $9.96. McEwen Mining has a 1 year low of $5.92 and a 1 year high of $12.50. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.68 and a quick ratio of 1.21. The company has a market capitalization 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 a number of analyst reports. HC Wainwright lifted their price objective on shares of McEwen Mining from $15.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday. StockNews.com upgraded shares of McEwen Mining from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Roth Mkm reduced their price objective on shares of McEwen Mining from $12.75 to $12.25 and set a “buy” rating for the company in a research report on Thursday.

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McEwen Mining Company Profile

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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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Earnings History for McEwen Mining (NYSE:MUX)

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