B. Riley reissued their buy rating on shares of McEwen Mining (TSE:MUX) (NYSE:MUX) in a report published on Tuesday morning, Zacks.com reports.
Shares of MUX stock traded down C$0.12 during mid-day trading on Tuesday, reaching C$2.22. The stock had a trading volume of 632,760 shares, compared to its average volume of 294,753. McEwen Mining has a 12-month low of C$1.67 and a 12-month high of C$3.20. The company has a market cap of $868.83 million and a P/E ratio of -13.06. The business has a 50-day simple moving average of C$2.51 and a 200 day simple moving average of C$2.20. The company has a current ratio of 1.90, a quick ratio of 0.50 and a debt-to-equity ratio of 11.76.
McEwen Mining (TSE:MUX) (NYSE:MUX) last announced its quarterly earnings results on Tuesday, July 30th. The company reported C($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.04). The firm had revenue of C$48.67 million during the quarter, compared to analyst estimates of C$45.78 million. Research analysts anticipate that McEwen Mining will post 0.14 EPS for the current year.
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.
See Also: Buyback
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