HC Wainwright Reaffirms “Buy” Rating for McEwen Mining (TSE:MUX)

HC Wainwright reissued their buy rating on shares of McEwen Mining (TSE:MUXGet Rating) (NYSE:MUX) in a report released on Friday, PriceTargets.com reports.

McEwen Mining Price Performance

Shares of TSE:MUX opened at C$4.52 on Friday. McEwen Mining has a 1-year low of C$4.15 and a 1-year high of C$15.40. The firm has a market capitalization of C$214.37 million and a PE ratio of -25.25. The business’s 50 day moving average is C$1.18 and its 200-day moving average is C$1.05. The company has a current ratio of 1.61, a quick ratio of 1.17 and a debt-to-equity ratio of 17.74.

McEwen Mining (TSE:MUXGet Rating) (NYSE:MUX) last announced its quarterly earnings results on Tuesday, May 10th. The company reported C($0.05) EPS for the quarter, missing the consensus estimate of C($0.04) by C($0.01). The company had revenue of C$32.36 million during the quarter, compared to analyst estimates of C$40.34 million. Sell-side analysts predict that McEwen Mining will post 0.14 earnings per share for the current year.

About McEwen Mining

(Get Rating)

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.

Further Reading

Receive News & Ratings for McEwen Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McEwen Mining and related companies with MarketBeat.com's FREE daily email newsletter.