McEwen Mining (TSE:MUX) Posts Quarterly Earnings Results

McEwen Mining (TSE:MUX) (NYSE:MUX) announced its quarterly earnings data on Tuesday. The company reported C$0.78 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$86.06 million during the quarter. McEwen Mining had a net margin of 17.43% and a return on equity of 6.89%.

McEwen Mining Stock Performance

Shares of MUX stock opened at C$30.70 on Wednesday. McEwen Mining has a 52-week low of C$9.13 and a 52-week high of C$40.07. The company’s 50 day moving average is C$34.10 and its 200 day moving average is C$27.85. The firm has a market cap of C$1.82 billion, a price-to-earnings ratio of -133.48 and a beta of 1.69. The company has a quick ratio of 1.00, a current ratio of 1.69 and a debt-to-equity ratio of 23.47.

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. It also owns interests in the Fuller, Davidson-Tisdale, Buffalo Ankerite, and Paymaster exploration properties located in Canada; and a 49% interest in the San José mine located in Argentina.