National Bank Financial Predicts McEwen FY2027 Earnings

Key Points

• National Bank Financial forecasts McEwen Inc. will earn $3.05 per share in FY2027, significantly higher than the current consensus estimate of ($0.72) per share.
• McEwen reported $0.06 earnings per share for the last quarter, missing expectations, and has a negative net margin of 8.05%.
• Institutional investors own 17.03% of McEwen's stock, with significant stake increases from firms like JPMorgan Chase and Dimensional Fund Advisors in the last quarter.

McEwen Inc. (NYSE:MUX - Free Report) TSE: MUX - Investment analysts at National Bank Financial issued their FY2027 earnings per share estimates for shares of McEwen in a research report issued on Tuesday, August 12th. National Bank Financial analyst D. Demarco expects that the basic materials company will earn $3.05 per share for the year. National Bank Financial has a "Strong-Buy" rating 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 (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.03). The company had revenue of $46.70 million during the quarter, compared to analyst estimates of $49.05 million. McEwen had a negative net margin of 8.05% and a negative return on equity of 2.76%.

MUX has been the topic of several other research reports. HC Wainwright raised their target price on McEwen from $15.50 to $17.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Roth Capital set a $15.00 target price on McEwen and gave the stock a "buy" rating in a research report on Tuesday, July 1st. Wall Street Zen lowered McEwen from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Finally, National Bankshares reissued an "outperform" rating on shares of McEwen in a research report on Wednesday, July 16th. One 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 stock. According to data from MarketBeat, McEwen currently has an average rating of "Moderate Buy" and an average target price of $14.83.

McEwen Stock Down 0.9%

MUX stock traded down $0.09 during mid-day trading on Thursday, reaching $10.44. The company had a trading volume of 143,356 shares, compared to its average volume of 841,842. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.82 and a current ratio of 2.35. McEwen has a fifty-two week low of $6.38 and a fifty-two week high of $11.80. The company has a market capitalization of $564.80 million, a price-to-earnings ratio of -41.82 and a beta of 0.88. The firm has a fifty day simple moving average of $10.33 and a 200 day simple moving average of $8.58.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in MUX. JPMorgan Chase & Co. grew its stake in shares of McEwen by 282,420.0% in the 4th quarter. JPMorgan Chase & Co. now owns 42,378 shares of the basic materials company's stock valued at $330,000 after purchasing an additional 42,363 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of McEwen by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 484,792 shares of the basic materials company's stock valued at $3,774,000 after buying an additional 13,673 shares during the period. Invesco Ltd. lifted its holdings in shares of McEwen by 8.6% in the 4th quarter. Invesco Ltd. now owns 254,431 shares of the basic materials company's stock valued at $1,979,000 after buying an additional 20,200 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of McEwen by 170.5% in the 4th quarter. Renaissance Technologies LLC now owns 162,186 shares of the basic materials company's stock valued at $1,262,000 after buying an additional 102,231 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of McEwen by 369.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 556,718 shares of the basic materials company's stock valued at $4,331,000 after buying an additional 438,088 shares during the period. Hedge funds and other institutional investors own 17.03% of the company's stock.

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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