McEwen Mining (NYSE:MUX) Price Target Raised to $15.00

McEwen Mining (NYSE:MUX - Free Report) TSE: MUX had its target price increased by HC Wainwright from $13.00 to $15.00 in a report published on Monday morning, Benzinga reports. They currently have a buy rating on the basic materials company's stock. HC Wainwright also issued estimates for McEwen Mining's FY2025 earnings at ($0.21) EPS.

MUX has been the topic of several other reports. Roth Mkm reaffirmed a buy rating and set a $12.00 price target (up from $11.00) on shares of McEwen Mining in a research report on Friday. TheStreet raised shares of McEwen Mining from a d rating to a c rating in a report on Friday, March 1st.

McEwen Mining Stock Down 0.7 %

Shares of NYSE MUX traded down $0.07 during mid-day trading on Monday, hitting $10.21. The company had a trading volume of 627,435 shares, compared to its average volume of 744,595. McEwen Mining has a one year low of $5.92 and a one year high of $12.50. The company has a market capitalization of $504.54 million, a PE ratio of 6.22 and a beta of 1.48. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 0.08. The firm has a 50-day simple moving average of $10.31 and a two-hundred day simple moving average of $8.15.

McEwen Mining (NYSE:MUX - Get Free Report) TSE: MUX last posted its quarterly earnings results on Thursday, February 29th. The basic materials company reported $2.90 earnings per share for the quarter, topping the consensus estimate of ($0.32) by $3.22. McEwen Mining had a return on equity of 16.46% and a net margin of 44.83%. The firm had revenue of $58.68 million for the quarter, compared to analyst estimates of $53.00 million. On average, equities analysts expect that McEwen Mining will post -0.3 EPS for the current year.

Institutional Investors Weigh In On McEwen Mining

A number of large investors have recently added to or reduced their stakes in the business. Polunin Capital Partners Ltd bought a new stake in shares of McEwen Mining during the first quarter worth approximately $6,730,000. Susquehanna Fundamental Investments LLC bought a new stake in McEwen Mining in the 1st quarter valued at $1,023,000. Van ECK Associates Corp grew its holdings in McEwen Mining by 2.9% in the 4th quarter. Van ECK Associates Corp now owns 2,030,048 shares of the basic materials company's stock valued at $14,637,000 after buying an additional 56,698 shares in the last quarter. GSA Capital Partners LLP bought a new position in McEwen Mining during the 1st quarter worth $529,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of McEwen Mining during the fourth quarter worth $377,000. Institutional investors own 17.03% of the company's stock.

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.