McEwen Mining (NYSE:MUX) (TSE:MUX) announced its earnings results on Tuesday. The basic materials company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.02), MarketWatch Earnings reports. McEwen Mining had a negative return on equity of 13.94% and a negative net margin of 112.02%. The business had revenue of $31.40 million for the quarter, compared to analyst estimates of $31.66 million.
Shares of MUX stock opened at $0.79 on Friday. The stock has a market cap of $341.26 million, a P/E ratio of -2.02 and a beta of 0.69. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.53 and a quick ratio of 1.10. The company has a fifty day moving average price of $0.92 and a two-hundred day moving average price of $1.09. McEwen Mining has a one year low of $0.53 and a one year high of $2.14.
MUX has been the subject of several recent research reports. Zacks Investment Research cut shares of McEwen Mining from a “buy” rating to a “hold” rating in a report on Friday, March 20th. B. Riley increased their target price on shares of McEwen Mining from $3.60 to $3.70 and gave the stock a “buy” rating in a report on Tuesday. ValuEngine upgraded shares of McEwen Mining from a “hold” rating to a “buy” rating in a research note on Tuesday, April 14th. Finally, HC Wainwright reiterated a “buy” rating and issued a $1.75 price target on shares of McEwen Mining in a research note on Wednesday.
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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