What is HC Wainwright's Estimate for McEwen FY2026 Earnings?

Key Points

• HC Wainwright cut its FY2026 EPS estimate for McEwen to $0.22 from $0.92, while maintaining a Buy rating and a $27 price target. It projects a loss of $0.05 per share in FY2027.
• McEwen reported a quarterly loss of $0.60 per share, missing the $0.09 consensus estimate; revenue of $43.64 million slightly topped expectations of $43.00 million.
• Analysts’ overall view remains positive: MarketBeat reports a “Moderate Buy” consensus rating and an average price target of $29.00.

McEwen Inc. (NYSE:MUX - Free Report) TSE: MUX - Equities researchers at HC Wainwright reduced their FY2026 earnings estimates for McEwen in a research report issued on Tuesday, November 10th. HC Wainwright analyst H. Ihle now expects that the basic materials company will post earnings per share of $0.22 for the year, down from their prior estimate of $0.92. HC Wainwright currently has a "Buy" rating and a $27.00 price objective on the stock. The consensus estimate for McEwen's current full-year earnings is $0.83 per share. HC Wainwright also issued estimates for McEwen's FY2027 earnings at ($0.05) EPS.

McEwen (NYSE:MUX - Get Free Report) TSE: MUX last posted its quarterly earnings results on Monday, November 9th. The basic materials company reported ($0.60) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.69). The company had revenue of $43.64 million during the quarter, compared to analysts' expectations of $43.00 million. McEwen had a return on equity of 6.90% and a net margin of 18.41%.

A number of other equities analysts have also weighed in on MUX. Roth Capital set a $31.00 target price on McEwen and gave the stock a "buy" rating in a research report on Monday, August 10th. Zacks Research raised McEwen from a "strong sell" rating to a "hold" rating in a report on Friday, September 11th. Weiss Ratings downgraded shares of McEwen from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday. Finally, Wall Street Zen lowered McEwen from a "hold" rating to a "sell" rating in a research note on Saturday, October 3rd. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, McEwen has a consensus rating of "Moderate Buy" and a consensus target price of $29.00.

McEwen Price Performance

Shares of MUX opened at $12.71 on Thursday. The company has a market capitalization of $782.63 million, a P/E ratio of 18.96 and a beta of 1.31. The firm has a 50 day moving average of $17.13 and a 200 day moving average of $20.44. McEwen has a twelve month low of $12.56 and a twelve month high of $29.70. The company has a quick ratio of 1.61, a current ratio of 1.34 and a debt-to-equity ratio of 0.17.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Private Advisor Group LLC lifted its position in McEwen by 26.6% in the third quarter. Private Advisor Group LLC now owns 15,905 shares of the basic materials company's stock worth $284,000 after buying an additional 3,340 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in McEwen by 572.0% during the 3rd quarter. Global Retirement Partners LLC now owns 1,680 shares of the basic materials company's stock valued at $30,000 after buying an additional 1,430 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in McEwen by 8.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 9,667 shares of the basic materials company's stock valued at $173,000 after buying an additional 779 shares in the last quarter. StoneX Group Inc. purchased a new stake in McEwen in the 3rd quarter valued at about $285,000. Finally, North Star Investment Management Corp. boosted its position in McEwen by 3.5% in the 3rd quarter. North Star Investment Management Corp. now owns 70,380 shares of the basic materials company's stock valued at $1,256,000 after buying an additional 2,380 shares during the period. Institutional investors own 17.03% of the company's stock.

McEwen Company Profile

McEwen Inc., formerly known as McEwen Mining, is a metals exploration and mining company focused on gold, silver and copper. Its activities include operating mines, advancing development projects and exploring for additional mineral resources. The company's assets and projects span the United States, Canada, Mexico and Argentina. Its portfolio includes gold and silver properties as well as the Los Azules copper project in Argentina, which is being advanced through its McEwen Copper subsidiary. McEwen was founded by Rob McEwen, who serves as the company's chairman and chief executive officer.

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