Roth Capital Increases Earnings Estimates for McEwen Mining

McEwen Mining Inc. (NYSE:MUX - Free Report) TSE: MUX - Roth Capital raised their Q2 2025 earnings estimates for shares of McEwen Mining in a research report issued to clients and investors on Monday, June 30th. Roth Capital analyst J. Reagor now expects that the basic materials company will post earnings of $0.09 per share for the quarter, up from their previous forecast of $0.05. Roth Capital has a "Buy" rating and a $15.00 price objective on the stock. The consensus estimate for McEwen Mining's current full-year earnings is ($0.72) per share.

Other equities analysts have also recently issued reports about the company. National Bankshares reiterated an "outperform" rating on shares of McEwen Mining in a report on Tuesday, June 24th. National Bank Financial upgraded McEwen Mining to a "strong-buy" rating in a report on Tuesday, April 29th. Wall Street Zen cut McEwen Mining from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. HC Wainwright lowered their price target on McEwen Mining from $18.00 to $15.50 and set a "buy" rating for the company in a report on Friday, May 9th. Finally, Roth Mkm lowered their price target on McEwen Mining from $13.00 to $12.50 and set a "buy" rating for the company in a report on Friday, March 21st. One investment 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, the company currently has an average rating of "Moderate Buy" and a consensus price target of $14.33.

McEwen Mining Trading Up 3.3%

NYSE:MUX traded up $0.37 on Wednesday, hitting $11.36. The stock had a trading volume of 827,889 shares, compared to its average volume of 706,630. The company has a quick ratio of 1.89, a current ratio of 2.35 and a debt-to-equity ratio of 0.26. The stock has a market cap of $613.06 million, a price-to-earnings ratio of -19.92 and a beta of 0.98. The company has a fifty day moving average price of $8.54 and a two-hundred day moving average price of $8.04. McEwen Mining has a 1-year low of $6.38 and a 1-year high of $11.46.

McEwen Mining (NYSE:MUX - Get Free Report) TSE: MUX last posted its earnings results on Wednesday, May 7th. The basic materials company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.02. The company had revenue of $35.70 million for the quarter, compared to analyst estimates of $39.06 million. McEwen Mining had a negative net margin of 17.51% and a negative return on equity of 6.03%.

Hedge Funds Weigh In On McEwen Mining

Hedge funds have recently bought and sold shares of the company. Private Advisor Group LLC lifted its stake in McEwen Mining by 18.8% during the 4th quarter. Private Advisor Group LLC now owns 12,645 shares of the basic materials company's stock worth $98,000 after acquiring an additional 2,000 shares in the last quarter. Bank of America Corp DE lifted its stake in McEwen Mining by 74.9% during the 4th quarter. Bank of America Corp DE now owns 115,080 shares of the basic materials company's stock worth $895,000 after acquiring an additional 49,301 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in McEwen Mining during the 4th quarter worth about $526,000. Quantbot Technologies LP lifted its stake in McEwen Mining by 53.5% during the 4th quarter. Quantbot Technologies LP now owns 37,980 shares of the basic materials company's stock worth $295,000 after acquiring an additional 13,230 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in McEwen Mining by 16.4% during the 4th quarter. Northern Trust Corp now owns 161,972 shares of the basic materials company's stock worth $1,260,000 after acquiring an additional 22,854 shares in the last quarter. Institutional investors and hedge funds 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.