What is HC Wainwright's Estimate for McEwen FY2025 Earnings?

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 - Analysts at HC Wainwright raised their FY2025 earnings per share estimates for shares of McEwen in a report issued on Thursday, August 7th. HC Wainwright analyst H. Ihle now expects that the basic materials company will post earnings of ($0.32) per share for the year, up from their prior forecast of ($0.45). HC Wainwright has a "Buy" rating and a $17.00 price objective on the stock. The consensus estimate for McEwen's current full-year earnings is ($0.72) per share.

MUX has been the topic of several other research reports. Roth Capital set a $15.00 target price on McEwen and gave the company a "buy" rating in a research report on Tuesday, July 1st. Wall Street Zen downgraded McEwen from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. National Bank Financial raised McEwen to a "strong-buy" rating in a research report on Tuesday, April 29th. Finally, National Bankshares reaffirmed an "outperform" rating on shares of McEwen in a research report on Wednesday, July 16th. One research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $14.83.

McEwen Trading Down 1.0%

Shares of NYSE MUX traded down $0.11 during trading hours on Monday, hitting $10.42. 285,150 shares of the company traded hands, compared to its average volume of 842,689. The stock has a market capitalization of $563.99 million, a price-to-earnings ratio of -41.78 and a beta of 0.88. The company has a current ratio of 2.35, a quick ratio of 1.82 and a debt-to-equity ratio of 0.26. The company's 50 day moving average price is $10.33 and its 200 day moving average price is $8.58. McEwen has a 12 month low of $6.38 and a 12 month high of $11.80.

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

Institutional Investors Weigh In On McEwen

A number of hedge funds have recently made changes to their positions in MUX. Aquatic Capital Management LLC raised its stake in shares of 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 purchasing an additional 5,727 shares during the last quarter. Total Wealth Planning & Management Inc. purchased a new position in shares of McEwen in the fourth quarter valued at approximately $96,000. Pale Fire Capital SE purchased a new position in shares of McEwen in the second quarter valued at approximately $119,000. SBI Securities Co. Ltd. lifted its position in shares of McEwen by 9,935.0% in the first quarter. SBI Securities Co. Ltd. now owns 14,350 shares of the basic materials company's stock valued at $108,000 after acquiring an additional 14,207 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of McEwen in the second quarter valued at approximately $141,000. 17.03% of the stock is currently owned by hedge funds and other 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.