NYSE:MUX

McEwen Mining - MUX Stock Forecast, Price & News

$7.88

-0.10 (-1.25%)

(As of 03/24/2023 12:00 AM ET)

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Today's Range: $7.77
▼
$8.04
50-Day Range: $5.46
▼
$7.98
52-Week Range: $2.81
▼
$8.80

Volume: 290,254 shs
Average Volume: 610,577 shs
Market Capitalization: $373.75 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $10.13

Institutional Ownership

McEwen Mining MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 28.5% Upside
$10.13 Price Target
Short Interest: Healthy
3.74% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.99
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.07 out of 5 stars

Basic Materials Sector

110th out of 160 stocks

Gold & Silver Ores Industry

17th out of 33 stocks

3.5

Analyst's Opinion

Consensus Rating
McEwen Mining has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $10.13, McEwen Mining has a forecasted upside of 28.5% from its current price of $7.88.
Amount of Analyst Coverage
McEwen Mining has only been the subject of 1 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
3.74% of the float of McEwen Mining has been sold short.
Short Interest Ratio / Days to Cover
McEwen Mining has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in McEwen Mining has recently decreased by 2.01%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
McEwen Mining does not currently pay a dividend.
Dividend Growth
McEwen Mining does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MUX.

3.3

News and Social Media Coverage

News Sentiment
McEwen Mining has a news sentiment score of 0.99. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.35 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for McEwen Mining this week, compared to 1 article on an average week.
Search Interest
Only 17 people have searched for MUX on MarketBeat in the last 30 days. This is a decrease of -6% compared to the previous 30 days.
MarketBeat Follows
6 people have added McEwen Mining to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, McEwen Mining insiders have not sold or bought any company stock.
Percentage Held by Insiders
18.50% of the stock of McEwen Mining is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 19.39% of the stock of McEwen Mining is held by institutions.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of McEwen Mining is -4.75, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of McEwen Mining is -4.75, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
McEwen Mining has a P/B Ratio of 1.05. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About McEwen Mining (NYSE:MUX) Stock

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. It also owns interests in the Fuller, Davidson-Tisdale, Buffalo Ankerite, and Paymaster exploration properties located in Canada; and a 49% interest in the San José mine located in Argentina. In addition, the company owns 100% interests in the Gold Bar and Tonkin properties located in Eureka County, Nevada; and interests in the Los Azules copper project located in the cordilleran region in the province of San Juan, Argentina. The company was formerly known as US Gold Corporation and changed its name to McEwen Mining Inc. in January 2012. McEwen Mining Inc. was founded in 1979 and is headquartered in Toronto, Canada.

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MUX Stock News Headlines

March 19, 2023 | americanbankingnews.com

Analysts Issue Forecasts for McEwen Mining Inc's FY2023 Earnings (NYSE:MUX)

March 16, 2023 | finance.yahoo.com

IBN Announces Gamechangers LIVE Interview with McEwen Mining Inc. Chairman and Chief Owner Rob McEwen

March 25, 2023 | Weiss Ratings (Ad)

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March 15, 2023 | americanbankingnews.com

McEwen Mining (NYSE:MUX) Price Target Increased to $10.75 by Analysts at HC Wainwright

March 14, 2023 | finance.yahoo.com

McEwen Mining: 2022 Year End and Q4 Results

March 6, 2023 | finanznachrichten.de

McEwen Mining: McEwen Copper: Los Azules - Initial Exploration and Solid Delineation Results

March 2, 2023 | finance.yahoo.com

TNR Gold NSR Royalty Update; McEwen Mining's Los Azules Copper, Gold & Silver Project - Close of ARS $30 Billion Investment by Stellantis

February 28, 2023 | finance.yahoo.com

McEwen Mining Lays Groundwork to Capitalize on Opportunities in Copper Industry

March 25, 2023 | Behind the Markets (Ad)

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February 27, 2023 | finanznachrichten.de

McEwen Mining: McEwen Copper Announces an Additional US$30 Million Investment by Nuton, a Rio Tinto Venture

February 27, 2023 | finance.yahoo.com

Stellantis invests $155 mln in Argentine copper mine

February 27, 2023 | finance.yahoo.com

Stellantis invests $155 million in Argentine copper mine

February 27, 2023 | seekingalpha.com

Kosmos Energy, McEwen Mining among major Energy/Materials gainers, ATLX leads losers

February 27, 2023 | finance.yahoo.com

McEwen Copper Closes ARS $30 Billion Investment by Stellantis

February 27, 2023 | finance.yahoo.com

McEwen Copper Announces an Additional US$30 Million Investment by Nuton, a Rio Tinto Venture

February 18, 2023 | finance.yahoo.com

McEwen Mining Subsidiary Poised to Potentially Become Next Copper Unicorn

February 17, 2023 | seekingalpha.com

MUX McEwen Mining Inc.

February 9, 2023 | finance.yahoo.com

McEwen Mining Reports Advantages of McEwen Copper's Los Azules Project

February 8, 2023 | finance.yahoo.com

McEwen Mining - Los Azules Project Could Be World's Next Copper Unicorn

January 30, 2023 | proactiveinvestors.com

TNR Gold reveals positive update on its NSR royalty on Los Azules Copper Project in Argentina

January 26, 2023 | finance.yahoo.com

IBN Coverage Initiated for McEwen Mining Inc.

January 6, 2023 | seekingalpha.com

McEwen Mining: Going Back To Life

December 19, 2022 | finance.yahoo.com

McEwen Mining: New, Near Surface, High Grade Beside Our Mill

December 7, 2022 | bloomberg.com

McEwen Mining Lines Up Copper IPO as Argentina Project Advances

December 7, 2022 | seekingalpha.com

McEwen Mining, Endeavour Silver among major Energy/Material gainers; ASP Isotopes leads losers

November 10, 2022 | seekingalpha.com

Amyris and McEwen Mining among Energy/Material gainers; Vermilion Energy among losers

November 8, 2022 | seekingalpha.com

McEwen Mining Inc. (MUX) Q3 2022 Earnings Call Transcript

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MUX Company Calendar

Last Earnings: 11/03/2021
Today: 3/25/2023
Next Earnings (Estimated): 5/09/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Gold & silver ores
Sub-Industry: Precious Metals & Minerals
Sector: Basic Materials
Current Symbol: NYSE:MUX
Previous Symbol: NYSE:UXG
CUSIP: 58039P10
CIK: 314203
Web: www.mcewenmining.com
Phone: 866-441-0690
Fax: 64-7258-0408
Employees: 427
Year Founded: 1979

Price Target and Rating

Average Stock Price Forecast: $10.13
High Stock Price Forecast: $10.75
Low Stock Price Forecast: $9.50
Forecasted Upside/Downside: +28.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.66)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-81,070,000.00
Net Margins: -72.16%
Pretax Margin: -72.71%
Return on Equity: -21.02%
Return on Assets: -14.96%

Debt

Debt-to-Equity Ratio: 0.15
Current Ratio: 0.97
Quick Ratio: 0.59

Sales & Book Value

Annual Sales: $110.42 million
Price / Sales: 3.38
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $7.51 per share
Price / Book: 1.05

Miscellaneous

Outstanding Shares: 47,430,000
Free Float: 38,654,000
Market Cap: $373.75 million
Optionable: Optionable
Beta: 1.23

Social Links

Key Executives

Mr. Robert Ross McEwen (Age 69)
Chairman & CEO

Mr. Christopher Alexander Stewart P.Eng. (Age 50)
P. Eng, Pres & COO

Mr. Donald Brown (Age 61)
Technical Consultant

Mr. Sylvain Guérard (Age 55)
Sr. VP of Exploration

Dr. Merushe Verli CPA
C.A., CPA, CPA, -CA, CA, Chief Financial Officer

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

MUX Stock - Frequently Asked Questions

Should I buy or sell McEwen Mining stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for McEwen Mining in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" MUX shares.
View MUX analyst ratings or view top-rated stocks.
What is McEwen Mining's stock price forecast for 2023?: 1 Wall Street analysts have issued 1-year price objectives for McEwen Mining's stock. Their MUX share price forecasts range from $9.50 to $10.75. On average, they predict the company's stock price to reach $10.13 in the next twelve months. This suggests a possible upside of 28.5% from the stock's current price.
View analysts price targets for MUX or view top-rated stocks among Wall Street analysts.
How have MUX shares performed in 2023?: McEwen Mining's stock was trading at $5.86 on January 1st, 2023. Since then, MUX shares have increased by 34.5% and is now trading at $7.88.
View the best growth stocks for 2023 here.
When is McEwen Mining's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 9th 2023.
View our MUX earnings forecast.
How were McEwen Mining's earnings last quarter?: McEwen Mining Inc (NYSE:MUX) released its quarterly earnings data on Wednesday, November, 3rd. The basic materials company reported ($0.40) earnings per share for the quarter, missing analysts' consensus estimates of ($0.10) by $0.30. The basic materials company earned $37.13 million during the quarter, compared to analysts' expectations of $37.20 million. McEwen Mining had a negative trailing twelve-month return on equity of 21.02% and a negative net margin of 72.16%. During the same quarter last year, the firm earned ($0.20) earnings per share.
What ETFs hold McEwen Mining's stock?: ETFs with the largest weight of McEwen Mining (NYSE:MUX) stock in their portfolio include Sprott Junior Gold Miners ETF (SGDJ), Global X Silver Miners ETF (SIL), Global X Gold Explorers ETF (GOEX) and ETFMG Prime Junior Silver Miners ETF (SILJ).VanEck Junior Gold Miners ETF (GDXJ).
When did McEwen Mining's stock split?: McEwen Mining shares reverse split on the morning of Tuesday, July 26th 2022. The 1-10 reverse split was announced on Tuesday, July 26th 2022. The number of shares owned by shareholders was adjusted after the closing bell on Tuesday, July 26th 2022. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.
What is Rob McEwen's approval rating as McEwen Mining's CEO?: 6 employees have rated McEwen Mining Chief Executive Officer Rob McEwen on Glassdoor.com. Rob McEwen has an approval rating of 77% among the company's employees.

What other stocks do shareholders of McEwen Mining own?: Based on aggregate information from My MarketBeat watchlists, some companies that other McEwen Mining investors own include First Majestic Silver (AG), Yamana Gold (AUY), Coeur Mining (CDE), Hecla Mining (HL), Northern Dynasty Minerals (NAK), Pretium Resources (PVG), Eldorado Gold (EGO), IAMGOLD (IAG) and B2Gold (BTG).
What is McEwen Mining's stock symbol?: McEwen Mining trades on the New York Stock Exchange (NYSE) under the ticker symbol "MUX."
Who are McEwen Mining's major shareholders?: McEwen Mining's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Van ECK Associates Corp (4.41%), Mirae Asset Global Investments Co. Ltd. (2.40%), Susquehanna International Group LLP (0.00%), Jane Street Group LLC (1.32%), Alps Advisors Inc. (1.24%) and Group One Trading L.P. (0.00%). Insiders that own company stock include Anna Man-Yue Ladd-Kruger and G Peter Mah.
View institutional ownership trends.
How do I buy shares of McEwen Mining?: Shares of MUX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is McEwen Mining's stock price today?: One share of MUX stock can currently be purchased for approximately $7.88.
How much money does McEwen Mining make?: McEwen Mining (NYSE:MUX) has a market capitalization of $373.75 million and generates $110.42 million in revenue each year. The basic materials company earns $-81,070,000.00 in net income (profit) each year or ($1.66) on an earnings per share basis.
How many employees does McEwen Mining have?: The company employs 427 workers across the globe.
Does McEwen Mining have any subsidiaries?: The following companies are subsidiares of McEwen Mining: 10393444 Canada Inc., 11195581 Canada Inc., 912413 Ontario Inc., Andes Corporacion Minera S.A., Compania Minera Pangea S.A. de C.V., Gold Bar Enterprises LLC, Golden Pick LLC, International Copper Mining Inc., International Copper ULC, Las Yaretas S.A., Latin America Exploration Inc., Lexam Explorations (USA), Lexam VG Gold Inc., Los Azules Mining Inc., McEwen Mining - Minera Andes Acquisition ULC, McEwen Mining Alberta ULC, McEwen Mining Nevada Inc., Minandes S.A., Minera Andes Gold Inc., Minera Andes Inc., Minera Andes Mining Inc., Minera Andes S.A., Minera Andes Santa Cruz Inc., Minera Santa Cruz S.A, NPGUS LLC, Nevada Pacific Gold (US) Inc., Oro de Soltula S.A. de C.V., Pangea Resources, San Juan Copper Inc., Ticup LLC, Tonkin Springs Gold Mining Company, Tonkin Springs LLC, Tonkin Springs Venture Limited Partnership, U.S. Environmental Corporation, VG Holdings Inc., and WKGUS LLC.
Read More
How can I contact McEwen Mining?: McEwen Mining's mailing address is 150 KING STREET WEST SUITE 2800, TORONTO A6, M5H 1J9. The official website for the company is www.mcewenmining.com. The basic materials company can be reached via phone at 866-441-0690, via email at info@mcewenmining.com, or via fax at 64-7258-0408.

This page (NYSE:MUX) was last updated on 3/25/2023 by MarketBeat.com Staff

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McEwen Mining - MUX Stock Forecast, Price & News

McEwen Mining MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About McEwen Mining (NYSE:MUX) Stock

MUX Stock News Headlines

MUX Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Institutional Ownership

MUX Stock - Frequently Asked Questions

Overall MarketRank^™