What is HC Wainwright's Estimate for McEwen FY2025 Earnings?

Key Points

• HC Wainwright analysts have raised their FY2025 EPS estimate for McEwen to ($0.45) per share from ($0.49), maintaining a "Buy" rating with a target price of $17.00.
• The company posted quarterly earnings of ($0.12) per share, surpassing estimates but reported lower revenue of $35.70 million against the expected $39.06 million.
• Institutional investment in McEwen has increased significantly, with several hedge funds making notable stake acquisitions in the past quarters.

McEwen Inc. (NYSE:MUX - Free Report) TSE: MUX - Equities researchers at HC Wainwright boosted their FY2025 earnings per share estimates for McEwen in a research report issued on Tuesday, July 29th. HC Wainwright analyst H. Ihle now anticipates that the basic materials company will earn ($0.45) per share for the year, up from their previous forecast of ($0.49). HC Wainwright has a "Buy" rating and a $17.00 price objective on the stock. The consensus estimate for McEwen's current full-year earnings is ($0.72) per share.

Several other research firms have also issued reports on MUX. National Bank Financial upgraded McEwen to a "strong-buy" rating in a research note on Tuesday, April 29th. National Bankshares restated an "outperform" rating on shares of McEwen in a research note on Wednesday, July 16th. Roth Capital set a $15.00 target price on McEwen and gave the company a "buy" rating in a research note on Tuesday, July 1st. Finally, Wall Street Zen lowered McEwen from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. One analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $14.83.

McEwen Price Performance

McEwen stock traded up $0.29 during mid-day trading on Thursday, hitting $10.32. 333,644 shares of the company were exchanged, compared to its average volume of 835,697. 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 business has a fifty day moving average of $9.98 and a 200 day moving average of $8.46. McEwen has a 1-year low of $6.38 and a 1-year high of $11.80. The company has a market capitalization of $557.18 million, a PE ratio of -18.07 and a beta of 0.88.

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

Institutional Trading of McEwen

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC acquired a new stake in McEwen in the fourth quarter worth about $38,000. Aquatic Capital Management LLC increased its position in McEwen by 357.9% in the fourth quarter. Aquatic Capital Management LLC now owns 7,327 shares of the basic materials company's stock worth $57,000 after purchasing an additional 5,727 shares during the period. Total Wealth Planning & Management Inc. acquired a new stake in McEwen in the fourth quarter worth about $96,000. SBI Securities Co. Ltd. increased its position in McEwen by 9,935.0% in the first quarter. SBI Securities Co. Ltd. now owns 14,350 shares of the basic materials company's stock worth $108,000 after purchasing an additional 14,207 shares during the period. Finally, National Bank of Canada FI increased its position in McEwen by 12,910.1% in the fourth quarter. National Bank of Canada FI now owns 14,181 shares of the basic materials company's stock worth $110,000 after purchasing an additional 14,072 shares during the period. 17.03% of the stock is currently owned by institutional investors and hedge funds.

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.