McEwen (MUX) Expected to Announce 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 projected 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 posted its earnings results on Wednesday, May 7th. The basic materials company reported ($0.12) EPS for the quarter, topping 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 company had revenue of $35.70 million for the quarter, compared to the consensus estimate 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

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

Institutional Investors Weigh In On McEwen

Several institutional investors and hedge funds have recently added to or reduced their stakes in MUX. Goldman Sachs Group Inc. increased its stake in McEwen by 44.2% during the first quarter. Goldman Sachs Group Inc. now owns 63,768 shares of the basic materials company's stock worth $481,000 after acquiring an additional 19,548 shares during the last quarter. Empowered Funds LLC grew its stake in shares of 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 in the last quarter. Finally, Royal Bank of Canada grew its stake in shares of 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 in the last quarter. 17.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MUX has been the topic of several recent research reports. National Bank Financial upgraded McEwen to a "strong-buy" rating in a research report on Tuesday, April 29th. Roth Capital set a $15.00 target price on McEwen and gave the company a "buy" rating in a research note on Tuesday, July 1st. HC Wainwright upped their target price on McEwen from $15.50 to $17.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Wall Street Zen lowered McEwen from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Finally, National Bankshares reiterated an "outperform" rating on shares of McEwen in a research note on Wednesday, July 16th. One analyst has rated the stock with a sell rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.