McEwen Inc reports results for the quarter ended December 31 - Earnings Summary

• McEwen Inc MUX.N reported quarterly adjusted earnings of 66 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -27 cents. The mean expectation of two analysts for the quarter was for earnings of 23 cents per share. Wall Street expected results to range from 20 cents to 25 cents per share.

• Revenue rose 92.8% to $64.62 million from a year ago; analysts expected $59.10 million.

• McEwen Inc's reported EPS for the quarter was 66 cents​.

• The company reported quarterly net income of $38.13 million.

• McEwen Inc shares had risen by 32.0% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 15.4% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the diversified mining peer group is also "buy"

• Wall Street's median 12-month price target for McEwen Inc is $30.00, about 22.6% above its last closing price of $23.22

This summary was machine generated from LSEG data March 13 at 09:42 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)