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. It also owns interests in the Fuller, Davidson-Tisdale, Buffalo Ankerite, and Paymaster exploration properties located in Canada; and a 49% interest in the San José mine located in Argentina. In addition, the company owns 100% interests in the Gold Bar and Tonkin properties located in Eureka County, Nevada; and interests in the Los Azules copper project located in the cordilleran region in the province of San Juan, Argentina. The company was formerly known as US Gold Corporation and changed its name to McEwen Mining Inc. in January 2012. McEwen Mining Inc. was founded in 1979 and is headquartered in Toronto, Canada.
Analysts Set New Price Targets
A number of analysts have recently issued reports on MUX shares. StockNews.com started coverage on McEwen Mining in a research note on Sunday, July 31st. They issued a "sell" rating on the stock. Alliance Global Partners lowered their price target on McEwen Mining from $15.00 to $10.00 in a research note on Friday, May 13th.
McEwen Mining Price Performance
Shares of NYSE:MUX traded down $0.05 during trading on Friday, reaching $3.49. The stock had a trading volume of 264,437 shares, compared to its average volume of 254,159. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.34 and a current ratio of 1.61. The business has a fifty day moving average price of $4.40 and a 200-day moving average price of $6.58. The stock has a market cap of $165.53 million, a PE ratio of -2.49 and a beta of 1.19. McEwen Mining has a 1-year low of $3.20 and a 1-year high of $12.30.
McEwen Mining (NYSE:MUX - Get Rating) (TSE:MUX) last announced its quarterly earnings data on Tuesday, May 10th. The basic materials company reported ($0.40) EPS for the quarter, missing analysts' consensus estimates of ($0.30) by ($0.10). McEwen Mining had a negative return on equity of 16.25% and a negative net margin of 46.05%. The company had revenue of $25.54 million for the quarter, compared to analysts' expectations of $31.50 million. On average, equities analysts forecast that McEwen Mining will post -1.25 earnings per share for the current fiscal year.