McEwen Mining (NYSE:MUX) (TSE:MUX) posted its quarterly earnings results on Tuesday. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.05), MarketWatch Earnings reports. McEwen Mining had a negative return on equity of 12.17% and a negative net margin of 51.03%. The company had revenue of $32.36 million for the quarter, compared to the consensus estimate of $38.26 million.
Shares of MUX opened at $0.61 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.88 and a quick ratio of 0.56. McEwen Mining has a one year low of $0.53 and a one year high of $2.14. The firm has a market capitalization of $269.87 million, a P/E ratio of -3.57 and a beta of -0.19. The business has a fifty day moving average of $1.03 and a 200 day moving average of $1.34.
A number of research analysts recently weighed in on MUX shares. B. Riley raised their price objective on McEwen Mining from $4.00 to $4.40 and gave the company a “buy” rating in a research report on Tuesday, February 25th. HC Wainwright reissued a “buy” rating and issued a $2.00 target price on shares of McEwen Mining in a report on Thursday, January 16th. Zacks Investment Research lowered McEwen Mining from a “buy” rating to a “hold” rating in a report on Friday. Finally, ValuEngine lowered McEwen Mining from a “buy” rating to a “hold” rating in a report on Saturday, February 29th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $2.38.
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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