McEwen Mining (MUX) Set to Announce Earnings on Thursday

McEwen Mining (NYSE:MUX) (TSE:MUX) is scheduled to post its quarterly earnings results before the market opens on Thursday, August 8th. Analysts expect McEwen Mining to post earnings of ($0.22) per share for the quarter.

McEwen Mining (NYSE:MUX) (TSE:MUX) last posted its quarterly earnings results on Wednesday, May 8th. The basic materials company reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.38). McEwen Mining had a return on equity of 16.46% and a net margin of 44.83%. The business had revenue of $41.23 million during the quarter, compared to analysts’ expectations of $39.80 million. On average, analysts expect McEwen Mining to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

McEwen Mining Trading Up 1.1 %

Shares of MUX opened at $8.32 on Wednesday. McEwen Mining has a 1 year low of $5.92 and a 1 year high of $12.50. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.37 and a quick ratio of 0.85. The company has a 50 day simple moving average of $9.90 and a two-hundred day simple moving average of $9.43. The firm has a market cap of $424.10 million, a P/E ratio of 5.07 and a beta of 1.40.

Wall Street Analyst Weigh In

MUX has been the topic of several recent analyst reports. Roth Mkm reissued a “buy” rating and issued a $12.00 target price (up previously from $11.00) on shares of McEwen Mining in a research note on Friday, May 10th. StockNews.com lowered shares of McEwen Mining from a “hold” rating to a “sell” rating in a research report on Thursday, July 11th. Finally, HC Wainwright boosted their price target on McEwen Mining from $13.00 to $15.00 and gave the company a “buy” rating in a report on Monday, May 13th.

Insiders Place Their Bets

In other news, General Counsel Carmen L. Diges sold 17,066 shares of the business’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $9.44, for a total value of $161,103.04. Following the completion of the sale, the general counsel now owns 10,982 shares in the company, valued at approximately $103,670.08. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Perry Ing sold 23,332 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $9.76, for a total transaction of $227,720.32. Following the sale, the chief financial officer now owns 15,551 shares of the company’s stock, valued at $151,777.76. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Carmen L. Diges sold 17,066 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $9.44, for a total transaction of $161,103.04. Following the completion of the transaction, the general counsel now owns 10,982 shares of the company’s stock, valued at $103,670.08. The disclosure for this sale can be found here. Insiders have sold a total of 42,901 shares of company stock worth $413,353 in the last three months. Corporate insiders own 17.11% of the company’s stock.

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.