McEwen Mining FY2025 EPS Forecast Lifted by HC Wainwright

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 upped their FY2025 earnings estimates for McEwen Mining in a note issued to investors on Thursday, August 7th. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings of ($0.44) per share for the year, up from their previous forecast of ($0.62). The consensus estimate for McEwen Mining's current full-year earnings is $0.07 per share.

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

McEwen Mining Price Performance

MUX stock traded down C$0.13 during midday trading on Monday, reaching C$14.41. The company had a trading volume of 42,381 shares, compared to its average volume of 47,997. 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 1 year low of C$9.13 and a 1 year high of C$16.04. The company has a market capitalization of C$544.70 million, a P/E ratio of 5.19 and a beta of 1.45. The firm has a 50-day moving average price of C$14.09 and a 200-day moving average price of C$11.93.

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.