Analysts Set Expectations for McEwen Mining FY2025 Earnings

Key Points

• HC Wainwright has raised its FY2025 earnings per share estimate for McEwen Mining to ($0.44) from a previous forecast of ($0.62).
• The consensus estimate for McEwen Mining's current full-year earnings stands at $0.07 per share, indicating a positive outlook despite the anticipated loss.
• National Bank Financial upgraded McEwen Mining to a "strong-buy" rating, while also setting a target price of C$20.00 in recent assessments.

McEwen Mining Inc (TSE:MUX - Free Report) NYSE: MUX - Equities researchers at HC Wainwright raised their FY2025 EPS estimates for shares of McEwen Mining in a research note issued to investors on Thursday, August 7th. HC Wainwright analyst H. Ihle now forecasts that the company will earn ($0.44) per share for the year, up from their prior forecast of ($0.62). The consensus estimate for McEwen Mining's current full-year earnings is $0.07 per share.

A number of other research firms have also issued reports on MUX. National Bank Financial raised shares of McEwen Mining to a "strong-buy" rating in a research note on Tuesday, April 29th. National Bankshares set a C$20.00 target price on shares of McEwen Mining and gave the company an "outperform" rating in a research note on Wednesday, April 30th.

McEwen Mining Stock Performance

Shares of TSE:MUX traded up C$0.07 during trading on Monday, reaching C$14.49. 45,569 shares of the company's stock traded hands, compared to its average volume of 48,087. The company has a debt-to-equity ratio of 8.46, a current ratio of 1.17 and a quick ratio of 1.00. McEwen Mining has a 12 month low of C$9.13 and a 12 month high of C$16.04. The company has a 50 day moving average of C$14.05 and a 200-day moving average of C$11.91. The stock has a market capitalization of C$547.72 million, a P/E ratio of 5.22 and a beta of 1.45.

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.