HC Wainwright Predicts Stronger Earnings for McEwen Mining

McEwen Mining Inc (TSE:MUX) (NYSE:MUX) – Equities researchers at HC Wainwright lifted their FY2025 earnings per share estimates for shares of McEwen Mining in a note issued to investors on Thursday, August 7th. HC Wainwright analyst H. Ihle now anticipates that the company will earn ($0.44) per share for the year, up from their prior forecast of ($0.62). The consensus estimate for McEwen Mining’s current full-year earnings is $0.07 per share.

A number of other equities research analysts have also issued reports on the company. National Bankshares set a C$20.00 target price on McEwen Mining and gave the company an “outperform” rating in a research note on Wednesday, April 30th. National Bank Financial raised McEwen Mining to a “strong-buy” rating in a research note on Tuesday, April 29th.

McEwen Mining Stock Performance

MUX opened at C$14.04 on Monday. The stock has a market cap of C$530.71 million, a P/E ratio of 5.06 and a beta of 1.45. The company has a debt-to-equity ratio of 8.46, a current ratio of 1.17 and a quick ratio of 1.00. The stock’s 50 day simple moving average is C$13.95 and its 200 day simple moving average is C$11.88. McEwen Mining has a 1-year low of C$9.13 and a 1-year high of C$16.04.

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.