Q3 2024 EPS Estimates for McEwen Mining Inc Boosted by Roth Capital (TSE:MUX)

McEwen Mining Inc (TSE:MUX) (NYSE:MUX) – Analysts at Roth Capital upped their Q3 2024 earnings per share estimates for shares of McEwen Mining in a research report issued on Monday, October 7th. Roth Capital analyst J. Reagor now forecasts that the company will earn $0.05 per share for the quarter, up from their prior forecast of $0.03. The consensus estimate for McEwen Mining’s current full-year earnings is $0.06 per share.

McEwen Mining Stock Up 4.5 %

TSE MUX opened at C$13.26 on Tuesday. The firm has a market cap of C$702.65 million, a PE ratio of 5.33 and a beta of 1.45. McEwen Mining has a one year low of C$8.05 and a one year high of C$17.08. The stock’s 50 day simple moving average is C$12.36 and its 200 day simple moving average is C$13.72. The company has a debt-to-equity ratio of 8.53, a current ratio of 1.68 and a quick ratio of 1.00.

McEwen Mining (TSE:MUX) (NYSE:MUX) last released its quarterly earnings results on Wednesday, August 7th. The company reported C($0.36) EPS for the quarter, missing analysts’ consensus estimates of C($0.30) by C($0.06). The business had revenue of C$64.96 million for the quarter, compared to the consensus estimate of C$60.14 million. McEwen Mining had a return on equity of 16.78% and a net margin of 46.63%.

McEwen Mining 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.