HC Wainwright Estimates McEwen's FY2025 Earnings (NYSE:MUX)

Key Points

• HC Wainwright upgraded its FY2025 earnings per share estimate for McEwen from (0.45) to (0.32), maintaining a "Buy" rating with a price target of $17.00.
• McEwen reported a quarterly EPS of $0.06, missing expectations of $0.09, with revenue of $46.70 million falling short of the consensus estimate of $49.05 million.
• The stock currently has a consensus rating of "Moderate Buy" with an average target price of $14.83, amidst varied ratings from different analysts.

McEwen Inc. (NYSE:MUX - Free Report) TSE: MUX - Investment analysts at HC Wainwright boosted their FY2025 EPS estimates for shares of McEwen in a research note issued to investors on Thursday, August 7th. HC Wainwright analyst H. Ihle now expects that the basic materials company will earn ($0.32) per share for the year, up from their previous estimate of ($0.45). HC Wainwright has a "Buy" rating and a $17.00 price target on the stock. The consensus estimate for McEwen's current full-year earnings is ($0.72) per share.

McEwen (NYSE:MUX - Get Free Report) TSE: MUX last posted its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.03). The firm had revenue of $46.70 million during the quarter, compared to the consensus estimate of $49.05 million. McEwen had a negative return on equity of 2.76% and a negative net margin of 8.05%.

Other equities research analysts have also recently issued reports about the company. National Bankshares reissued an "outperform" rating on shares of McEwen in a report on Wednesday, July 16th. National Bank Financial upgraded McEwen to a "strong-buy" rating in a research report on Tuesday, April 29th. Wall Street Zen cut McEwen from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Finally, Roth Capital set a $15.00 price target on McEwen and gave the stock a "buy" rating in a research note on Tuesday, July 1st. One research analyst has rated the stock with a sell rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $14.83.

McEwen Stock Down 4.9%

MUX opened at $10.21 on Monday. The stock has a market cap of $552.46 million, a price-to-earnings ratio of -40.84 and a beta of 0.88. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.82 and a current ratio of 2.35. The firm's fifty day moving average is $10.23 and its 200 day moving average is $8.53. McEwen has a fifty-two week low of $6.38 and a fifty-two week high of $11.80.

Hedge Funds Weigh In On McEwen

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in shares of McEwen by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 509,426 shares of the basic materials company's stock worth $4,897,000 after buying an additional 1,585 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of McEwen by 16.6% in the 1st quarter. Private Advisor Group LLC now owns 14,743 shares of the basic materials company's stock valued at $111,000 after acquiring an additional 2,098 shares during the last quarter. Aquatic Capital Management LLC grew its position in McEwen by 357.9% in the fourth quarter. Aquatic Capital Management LLC now owns 7,327 shares of the basic materials company's stock worth $57,000 after acquiring an additional 5,727 shares in the last quarter. American Century Companies Inc. increased its stake in McEwen by 9.9% during the first quarter. American Century Companies Inc. now owns 101,508 shares of the basic materials company's stock worth $766,000 after acquiring an additional 9,162 shares during the last quarter. Finally, Total Wealth Planning & Management Inc. purchased a new stake in McEwen during the fourth quarter valued at approximately $96,000. 17.03% of the stock is owned by institutional investors.

McEwen 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.

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