McEwen Mining, Inc. (NYSE:MUX ) Q3 2024 Earnings Conference Call November 6, 2024 11:00 AM ET Company Participants Rob McEwen - Chairman & Chief Owner William Shaver - COO Perry Ing - CFO Jeff Chan - VP, Finance Stefan Spears - VP, Corporate Development Michael Meding - VP & GM, McEwen Copper\ Carmen Diges - General Counsel & Secretary Conference Call Participants Jake Sekelsky - Alliance Global Partners Joseph Reagor - Roth Capital Partners Heiko Ihle - H.C. Wainwright Chris White - TELUS Ventures Mike Kozak - Cantor Fitzgerald Operator Hello, ladies and gentlemen, welcome to McEwen Mining Q3 2024 Operating and Financial Results Conference Call.
McEwen (MUX) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of $0.04. This compares to loss of $0.39 per share a year ago.
The average of price targets set by Wall Street analysts indicates a potential upside of 27.7% in McEwen (MUX). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
After reaching an important support level, McEwen Mining Inc. (MUX) could be a good stock pick from a technical perspective. MUX recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average.
Investors need to pay close attention to McEwen Mining (MUX) stock based on the movements in the options market lately.
The mean of analysts' price targets for McEwen (MUX) points to a 36.9% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
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MUX signs a deal with YPF Luz to power its Los Azules project, supporting sustainable growth and long-term value.
McEwen Mining (MUX) closes the previously announced deal to acquire all issued and outstanding common shares of Timberline.
McEwen Mining Inc. (NYSE:MUX ) Q2 2024 Earnings Conference Call August 8, 2024 11:00 AM ET Company Participants Rob McEwen - Chairman & Chief Owner William Shaver - Chief Operating Officer Perry Ing - Chief Financial Officer Michael Meding - Vice President and General Manager of McEwen Copper\ Conference Call Participants Jake Sekelsky - Alliance Global Partners Heiko Ihle - H.C. Wainwright Mike Kozak - Cantor Fitzgerald Allan Barry - Rocks and Stocks Operator Hello, ladies and gentlemen, and welcome to McEwen Mining's, Second Quarter 2024 Operating and Financial Results Conference Call.
McEwen (MUX) came out with a quarterly loss of $0.26 per share versus the Zacks Consensus Estimate of a loss of $0.22. This compares to loss of $0.46 per share a year ago.
McEwen Mining receives a "Buy" rating due to improved performance in Nevada and positive prospects in Ontario and Argentina. President Milei's legislative package in Argentina creates a favorable environment for private initiatives, benefiting the mining industry. Despite recent challenges, McEwen Mining's Q1-2024 results and growth plans show promise, supported by positive trends in gold and silver prices.