McEwen Mining FY2024 EPS Estimate Reduced by Roth Capital

McEwen Mining Inc (TSE:MUXFree Report) (NYSE:MUX) – Roth Capital decreased their FY2024 earnings per share (EPS) estimates for McEwen Mining in a research note issued to investors on Thursday, January 30th. Roth Capital analyst J. Reagor now anticipates that the company will post earnings per share of ($1.20) for the year, down from their prior forecast of ($1.05). The consensus estimate for McEwen Mining’s current full-year earnings is $0.07 per share. Roth Capital also issued estimates for McEwen Mining’s Q4 2024 earnings at ($0.19) EPS, Q1 2025 earnings at ($0.17) EPS, Q2 2025 earnings at ($0.20) EPS, Q3 2025 earnings at $0.07 EPS, Q4 2025 earnings at $0.06 EPS and FY2025 earnings at ($0.25) EPS.

McEwen Mining (TSE:MUXGet Free Report) (NYSE:MUX) last announced its quarterly earnings data on Tuesday, November 5th. The company reported C($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.10). McEwen Mining had a net margin of 46.63% and a return on equity of 16.78%. During the same period in the prior year, the firm earned ($0.52) earnings per share.

McEwen Mining Price Performance

MUX opened at C$12.44 on Monday. The firm has a 50-day moving average price of C$11.86 and a 200-day moving average price of C$12.39. McEwen Mining has a twelve month low of C$8.05 and a twelve month high of C$17.08. The company has a quick ratio of 1.00, a current ratio of 1.68 and a debt-to-equity ratio of 8.53. The company has a market capitalization of C$659.20 million, a price-to-earnings ratio of 4.90 and a beta of 1.45.

McEwen Mining Company Profile

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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.

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