McEwen (MUX) to Release Earnings on Wednesday

Key Points

• McEwen Mining (MUX) is expected to release its Q2 2025 earnings on August 6th, with analysts predicting earnings of $0.09 per share and revenue of $49.05 million.
• The previous quarter saw McEwen report an EPS of ($0.12), exceeding expectations despite a net margin of 17.51%.
• Recent institutional buying includes significant increases by Goldman Sachs and Royal Bank of Canada, contributing to 17.03% of stock ownership by institutional investors.

McEwen (NYSE:MUX - Get Free Report) TSE: MUX is expected to post its Q2 2025 quarterly earnings results before the market opens on Wednesday, August 6th. Analysts expect McEwen to post earnings of $0.09 per share and revenue of $49.05 million for the quarter.

McEwen (NYSE:MUX - Get Free Report) TSE: MUX last released its earnings results on Wednesday, May 7th. The basic materials company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.14) by $0.02. McEwen had a negative return on equity of 6.03% and a negative net margin of 17.51%. The firm had revenue of $35.70 million for the quarter, compared to analysts' expectations of $39.06 million. On average, analysts expect McEwen to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

McEwen Price Performance

McEwen stock traded down $0.11 during midday trading on Friday, reaching $10.05. The company's stock had a trading volume of 852,530 shares, compared to its average volume of 749,877. The business has a 50-day moving average price of $9.98 and a 200-day moving average price of $8.45. McEwen has a 52 week low of $6.38 and a 52 week high of $11.80. The stock has a market cap of $542.60 million, a PE ratio of -17.63 and a beta of 0.88. The company has a current ratio of 2.35, a quick ratio of 1.89 and a debt-to-equity ratio of 0.26.

Hedge Funds Weigh In On McEwen

A number of hedge funds and other institutional investors have recently made changes to their positions in MUX. Goldman Sachs Group Inc. lifted its stake in McEwen by 44.2% in the first quarter. Goldman Sachs Group Inc. now owns 63,768 shares of the basic materials company's stock valued at $481,000 after buying an additional 19,548 shares during the period. Empowered Funds LLC lifted its stake in McEwen by 105.4% in the first quarter. Empowered Funds LLC now owns 208,100 shares of the basic materials company's stock valued at $1,571,000 after buying an additional 106,800 shares during the period. Finally, Royal Bank of Canada lifted its stake in McEwen by 4,309.4% in the first quarter. Royal Bank of Canada now owns 638,871 shares of the basic materials company's stock valued at $4,823,000 after buying an additional 624,382 shares during the period. 17.03% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. HC Wainwright lifted their price target on McEwen from $15.50 to $17.00 and gave the company a "buy" rating in a research note on Tuesday. National Bank Financial raised McEwen to a "strong-buy" rating in a research note on Tuesday, April 29th. Wall Street Zen lowered McEwen from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Roth Capital set a $15.00 price target on McEwen and gave the company a "buy" rating in a research note on Tuesday, July 1st. Finally, National Bankshares reissued an "outperform" rating on shares of McEwen in a research note on Wednesday, July 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $14.83.

McEwen Company Profile

McEwen Mining Inc engages in the exploration, development, production, and sale of gold and silver. It also explores for copper deposits. The company owns 100% interests in the El Gallo and Fenix projects located in Mexico; and the Black Fox Mine and Stock Mill, Grey Fox, and Froome and Tamarack properties in Canada.