McEwen Mining (MUX) to Release Earnings on Thursday

McEwen Mining (NYSE:MUX) (TSE:MUX) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, May 9th. Analysts expect McEwen Mining to post earnings of ($0.03) per share for the quarter.

McEwen Mining (NYSE:MUX) (TSE:MUX) last issued its quarterly earnings results on Thursday, February 29th. The basic materials company reported $2.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.32) by $3.22. The firm had revenue of $58.68 million for the quarter, compared to analyst estimates of $53.00 million. McEwen Mining had a return on equity of 19.20% and a net margin of 32.92%.

McEwen Mining Stock Down 0.2 %

MUX stock traded down $0.03 during mid-day trading on Tuesday, hitting $12.02. 237,342 shares of the company were exchanged, compared to its average volume of 705,925. The company has a market capitalization of $594.27 million, a PE ratio of 10.70 and a beta of 1.48. McEwen Mining has a twelve month low of $5.92 and a twelve month high of $12.50. The company has a current ratio of 1.76, a quick ratio of 1.09 and a debt-to-equity ratio of 0.08. The firm has a fifty day simple moving average of $9.87 and a 200 day simple moving average of $8.02.

Analyst Ratings Changes

A number of brokerages have weighed in on MUX. HC Wainwright reduced their price target on shares of McEwen Mining from $18.50 to $13.00 and set a “buy” rating for the company in a report on Monday, March 4th. TheStreet upgraded McEwen Mining from a “d” rating to a “c” rating in a research report on Friday, March 1st.

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.