HC Wainwright Boosts Earnings Estimates for McEwen Mining

McEwen Mining Inc (TSE:MUX) (NYSE:MUX) – Equities research analysts at HC Wainwright upped their FY2025 earnings estimates for shares of McEwen Mining in a report issued on Tuesday, July 29th. HC Wainwright analyst H. Ihle now forecasts that the company will post earnings of ($0.62) per share for the year, up from their previous estimate of ($0.68). The consensus estimate for McEwen Mining’s current full-year earnings is $0.07 per share.

A number of other research analysts have also issued reports on the company. National Bank Financial upgraded McEwen Mining to a “strong-buy” rating in a research report on Tuesday, April 29th. National Bankshares set a C$20.00 price target on McEwen Mining and gave the company an “outperform” rating in a report on Wednesday, April 30th.

McEwen Mining Price Performance

MUX opened at C$14.03 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 8.46. The company’s 50-day moving average price is C$13.56 and its 200 day moving average price is C$11.78. McEwen Mining has a fifty-two week low of C$9.13 and a fifty-two week high of C$16.04. The firm has a market cap of C$530.33 million, a price-to-earnings ratio of 5.05 and a beta of 1.45.

About McEwen Mining

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.