Analysts Offer Predictions for McEwen FY2027 Earnings

Key Points

• National Bank Financial forecasts McEwen Inc. will earn $3.05 per share in FY2027, significantly higher than the current consensus estimate of ($0.72) per share.
• McEwen reported $0.06 earnings per share for the last quarter, missing expectations, and has a negative net margin of 8.05%.
• Institutional investors own 17.03% of McEwen's stock, with significant stake increases from firms like JPMorgan Chase and Dimensional Fund Advisors in the last quarter.

McEwen Inc. (NYSE:MUX - Free Report) TSE: MUX - National Bank Financial issued their FY2027 earnings per share (EPS) estimates for McEwen in a research note issued on Tuesday, August 12th. National Bank Financial analyst D. Demarco forecasts that the basic materials company will post earnings of $3.05 per share for the year. National Bank Financial currently has a "Strong-Buy" rating on the stock. The consensus estimate for McEwen's current full-year earnings is ($0.72) per share.

McEwen (NYSE:MUX - Get Free Report) TSE: MUX last announced its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.03). McEwen had a negative return on equity of 2.76% and a negative net margin of 8.05%.The company had revenue of $46.70 million for the quarter, compared to analyst estimates of $49.05 million.

Several other research firms have also recently weighed in on MUX. HC Wainwright boosted their target price on McEwen from $15.50 to $17.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Roth Capital set a $15.00 target price on McEwen and gave the stock a "buy" rating in a research note on Tuesday, July 1st. National Bankshares restated an "outperform" rating on shares of McEwen in a research note on Wednesday, July 16th. Finally, Wall Street Zen cut McEwen from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $14.83.

McEwen Stock Down 5.4%

MUX stock traded down $0.5730 during trading on Thursday, hitting $9.9870. 832,324 shares of the company's stock were exchanged, compared to its average volume of 860,497. The business has a 50-day moving average price of $10.39 and a two-hundred day moving average price of $8.63. The stock has a market capitalization of $540.40 million, a price-to-earnings ratio of -39.94 and a beta of 0.88. McEwen has a 52-week low of $6.38 and a 52-week high of $11.80. The company has a current ratio of 2.35, a quick ratio of 1.82 and a debt-to-equity ratio of 0.26.

Insiders Place Their Bets

In other McEwen news, Director Ian J. Ball sold 2,656 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $10.49, for a total value of $27,861.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 16.10% of the company's stock.

Institutional Trading of McEwen

Large investors have recently bought and sold shares of the company. Bank of America Corp DE grew its holdings in McEwen by 74.9% in the fourth quarter. Bank of America Corp DE now owns 115,080 shares of the basic materials company's stock valued at $895,000 after purchasing an additional 49,301 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in McEwen in the fourth quarter valued at $526,000. Northern Trust Corp grew its holdings in McEwen by 16.4% in the fourth quarter. Northern Trust Corp now owns 161,972 shares of the basic materials company's stock valued at $1,260,000 after purchasing an additional 22,854 shares during the last quarter. Private Advisor Group LLC grew its holdings in McEwen by 16.6% in the first quarter. Private Advisor Group LLC now owns 14,743 shares of the basic materials company's stock valued at $111,000 after purchasing an additional 2,098 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in McEwen by 369.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 556,718 shares of the basic materials company's stock valued at $4,331,000 after purchasing an additional 438,088 shares during the last quarter. Institutional investors and hedge funds own 17.03% of the company's stock.

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.