HC Wainwright Forecasts McEwen's FY2026 Earnings (NYSE:MUX)

Key Points

• HC Wainwright lowered McEwen’s FY2026 EPS forecast to $0.92 from $0.97, while maintaining a Buy rating and $28 price target. The estimate remains below the $0.99 consensus.
• McEwen’s latest quarterly results missed expectations, with EPS of $0.14 versus the $0.28 consensus and revenue of $59.23 million versus $65.51 million expected.
• Analyst sentiment is mixed: MarketBeat reports a consensus Hold rating and average price target of $29.33, while institutional investors own 17.03% of the stock.

McEwen Inc. (NYSE:MUX - Free Report) TSE: MUX - Investment analysts at HC Wainwright reduced their FY2026 earnings estimates for McEwen in a research report issued to clients and investors on Friday, August 7th. HC Wainwright analyst H. Ihle now expects that the basic materials company will earn $0.92 per share for the year, down from their prior estimate of $0.97. HC Wainwright currently has a "Buy" rating and a $28.00 price objective on the stock. The consensus estimate for McEwen's current full-year earnings is $0.99 per share.

Several other equities analysts also recently issued reports on MUX. Zacks Research downgraded shares of McEwen from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 5th. Wall Street Zen lowered shares of McEwen from a "hold" rating to a "sell" rating in a research note on Saturday. Finally, Weiss Ratings cut McEwen from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, June 2nd. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, McEwen currently has a consensus rating of "Hold" and an average price target of $29.33.

McEwen Price Performance

Shares of MUX opened at $19.21 on Monday. McEwen has a 12 month low of $9.82 and a 12 month high of $29.70. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.04 and a quick ratio of 1.61. The stock has a fifty day moving average price of $18.37 and a 200 day moving average price of $21.84. The company has a market cap of $1.18 billion, a P/E ratio of 15.25 and a beta of 1.23.

McEwen (NYSE:MUX - Get Free Report) TSE: MUX last posted its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.14). McEwen had a return on equity of 13.48% and a net margin of 32.46%.The business had revenue of $59.23 million during the quarter, compared to the consensus estimate of $65.51 million.

Institutional Investors Weigh In On McEwen

Hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp purchased a new stake in shares of McEwen in the 2nd quarter valued at approximately $2,275,000. Synergy Asset Management LLC grew its position in McEwen by 31.6% during the 2nd quarter. Synergy Asset Management LLC now owns 803,122 shares of the basic materials company's stock worth $14,561,000 after purchasing an additional 193,005 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in McEwen during the 2nd quarter valued at $218,000. Bank of America Corp DE raised its stake in McEwen by 1,347.7% during the 1st quarter. Bank of America Corp DE now owns 534,824 shares of the basic materials company's stock valued at $10,921,000 after purchasing an additional 497,882 shares during the period. Finally, California State Teachers Retirement System lifted its holdings in shares of McEwen by 45.7% in the first quarter. California State Teachers Retirement System now owns 60,857 shares of the basic materials company's stock valued at $1,243,000 after purchasing an additional 19,077 shares in the last quarter. Hedge funds and other institutional investors own 17.03% of the company's stock.

Insider Buying and Selling at McEwen

In related news, Director Richard W. Brissenden sold 3,275 shares of McEwen stock in a transaction on Monday, June 29th. The stock was sold at an average price of $18.13, for a total value of $59,375.75. Following the transaction, the director directly owned 18,022 shares in the company, valued at $326,738.86. The trade was a 15.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 14.80% of the stock is currently owned by corporate insiders.

About McEwen

McEwen Mining Inc NYSE: MUX is a Canada-based precious metals company focused on the exploration, development and production of gold, silver and copper. Headquartered in Toronto, the company pursues a diversified portfolio of assets across the Americas, with operations and projects spanning Argentina, Mexico, Canada and the United States. McEwen Mining employs an integrated approach that combines in-house technical expertise with strategic partnerships to advance its assets from resource definition through to commercial production.

The company's flagship producing asset is the San José mine in Argentina, a high-grade silver-gold operation.

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