McEwen Mining FY2025 EPS Forecast Lifted by HC Wainwright

Key Points

• HC Wainwright has raised its FY2025 earnings estimates for McEwen Mining from ($0.68) to ($0.62) per share, reflecting improved expectations for the company's performance.
• The consensus estimate for McEwen Mining's full-year earnings remains at $0.07 per share, indicating a significant gap between analyst projections and market consensus.
• Several brokerages, including National Bankshares, have given McEwen Mining an "outperform" rating with a price objective set at C$20.00, highlighting positive sentiment towards the stock.

McEwen Mining Inc (TSE:MUX - Free Report) NYSE: MUX - HC Wainwright upped their FY2025 earnings per share (EPS) estimates for shares of McEwen Mining in a research note issued on Tuesday, July 29th. HC Wainwright analyst H. Ihle now anticipates that the company will earn ($0.62) per share for the year, up from their prior estimate of ($0.68). The consensus estimate for McEwen Mining's current full-year earnings is $0.07 per share.

Other research analysts also recently issued research reports about the company. National Bank Financial upgraded McEwen Mining to a "strong-buy" rating in a research note on Tuesday, April 29th. National Bankshares set a C$20.00 price target on McEwen Mining and gave the stock an "outperform" rating in a research note on Wednesday, April 30th.

McEwen Mining Stock Performance

TSE:MUX traded up C$0.79 during trading on Friday, reaching C$14.65. The company's stock had a trading volume of 39,586 shares, compared to its average volume of 47,461. The firm has a market cap of C$553.77 million, a price-to-earnings ratio of 5.28 and a beta of 1.45. The company has a debt-to-equity ratio of 8.46, a quick ratio of 1.00 and a current ratio of 1.17. The firm has a 50 day moving average of C$13.68 and a 200-day moving average of C$11.80. McEwen Mining has a 12 month low of C$9.13 and a 12 month high of C$16.04.

McEwen Mining Company Profile

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.