McEwen Mining (MUX) Set to Announce Quarterly Earnings on Tuesday

McEwen Mining (NYSE:MUX) (TSE:MUX) is set to issue its quarterly earnings data after the market closes on Tuesday, November 5th. Analysts expect the company to announce earnings of $0.04 per share for the quarter.

McEwen Mining (NYSE:MUX) (TSE:MUX) last announced its quarterly earnings data on Wednesday, August 7th. The basic materials company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.04). The company had revenue of $47.48 million for the quarter, compared to analyst estimates of $43.90 million. McEwen Mining had a return on equity of 18.08% and a net margin of 46.32%. During the same period in the prior year, the firm posted ($0.46) earnings per share. 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 Stock Performance

Shares of MUX opened at $9.25 on Monday. The stock has a 50 day moving average price of $9.58 and a 200 day moving average price of $10.00. The company has a quick ratio of 1.21, a current ratio of 1.68 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $472.40 million, a price-to-earnings ratio of 5.07 and a beta of 1.43. McEwen Mining has a 52-week low of $5.92 and a 52-week high of $12.50.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut McEwen Mining from a “hold” rating to a “sell” rating in a research note on Thursday, July 11th.

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.