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

McEwen Mining (NYSE:MUX) (TSE:MUX) posted 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. The firm had revenue of $33.52 million for the quarter, compared to the consensus estimate of $32.20 million. McEwen Mining had a return on equity of 20.77% and a net margin of 51.31%.

McEwen Mining Stock Performance

MUX opened at $7.49 on Friday. McEwen Mining has a 12-month low of $6.46 and a 12-month high of $12.50. The stock has a market cap of $396.20 million, a price-to-earnings ratio of 3.42 and a beta of 1.39. The business has a 50 day moving average of $7.78 and a 200-day moving average of $8.58. The company has a quick ratio of 0.74, a current ratio of 1.17 and a debt-to-equity ratio of 0.06.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. StockNews.com downgraded McEwen Mining from a “hold” rating to a “sell” rating in a research note on Wednesday, February 19th. HC Wainwright decreased their price target on McEwen Mining from $19.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, January 30th.

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.