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

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.

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.

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Earnings History for McEwen Mining (NYSE:MUX)

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