McEwen Mining’s (MUX) “Buy” Rating Reaffirmed at HC Wainwright

HC Wainwright restated their buy rating on shares of McEwen Mining (TSE:MUX – Get Rating) (NYSE:MUX) in a research report report published on Friday, PriceTargets.com reports.

McEwen Mining Trading Down 2.0 %

TSE:MUX opened at C$4.52 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.61 and a debt-to-equity ratio of 17.74. McEwen Mining has a 1-year low of C$4.15 and a 1-year high of C$15.40. The firm has a market capitalization of C$214.37 million and a price-to-earnings ratio of -25.25. The stock has a fifty day simple moving average of C$1.18 and a 200 day simple moving average of C$1.05.

McEwen Mining (TSE:MUX – Get Rating) (NYSE:MUX) last released its quarterly earnings results on Tuesday, May 10th. The company reported C($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.01). The company had revenue of C$32.36 million during the quarter, compared to analyst estimates of C$40.34 million. Sell-side analysts forecast that McEwen Mining will post 0.14 earnings per share for the current year.

About McEwen Mining

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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.