McEwen Mining Inc (MUX) Announces Semiannual Dividend of $0.01

McEwen Mining Inc (NYSE:MUX) (TSE:MUX) announced a semiannual dividend on Friday, February 22nd, Wall Street Journal reports. Investors of record on Friday, March 8th will be paid a dividend of 0.005 per share by the basic materials company on Friday, March 15th. This represents a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, March 7th.

NYSE:MUX opened at $2.01 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.65 and a quick ratio of 1.25. McEwen Mining has a 1 year low of $1.62 and a 1 year high of $2.52. The firm has a market capitalization of $686.41 million, a price-to-earnings ratio of -15.46 and a beta of -0.61.

McEwen Mining (NYSE:MUX) (TSE:MUX) last released its earnings results on Thursday, February 21st. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.02). McEwen Mining had a negative return on equity of 8.53% and a negative net margin of 35.32%. The firm had revenue of $26.46 million during the quarter, compared to analysts’ expectations of $18.03 million. On average, equities research analysts predict that McEwen Mining will post 0.01 EPS for the current fiscal year.

A number of research firms have issued reports on MUX. Zacks Investment Research raised McEwen Mining from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 30th. ValuEngine downgraded McEwen Mining from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. HC Wainwright set a $4.00 target price on McEwen Mining and gave the stock a “buy” rating in a research report on Wednesday, January 16th. Finally, TheStreet downgraded McEwen Mining from a “c-” rating to a “d+” rating in a research report on Wednesday, November 21st.

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McEwen Mining Company Profile

McEwen Mining Inc engages in the exploration, development, production, and sale of gold and silver. The company owns 100% interests in the El Gallo 1 mine and El Gallo 2 project in the state of Sinaloa, Mexico; and the Black Fox Complex, Buffalo Ankerite, Fuller, Davidson Tisdale, and Black Fox North properties in Canada.

Read More: Net Margin

Dividend History for McEwen Mining (NYSE:MUX)

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