McEwen Inc reports results for the quarter ended June 30 - Earnings Summary

• McEwen Inc MUX.N reported quarterly adjusted earnings of 6 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -26 cents. The mean expectation of two analysts for the quarter was for earnings of one cent per share. Wall Street expected results to range from -7 cents to 9 cents per share.

• Revenue fell 1.6% to $46.70 million from a year ago; analysts expected $49.05 million.

• McEwen Inc's reported EPS for the quarter was 6 cents​.

• The company reported quarterly net income of $3.04 million.

• McEwen Inc shares had risen by 10.5% this quarter and gained 36.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 114.3% 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 4 "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 $15.50, about 30.5% above its last closing price of $10.78

This summary was machine generated from LSEG data August 7 at 12:12 a.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)