NYSE:MUX

McEwen Mining (MUX) Stock Forecast, Price & News

$8.08

+0.13 (+1.64%)

(As of 06/2/2023 ET)

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Today's Range: $7.91
▼
$8.19
50-Day Range: $7.19
▼
$9.76
52-Week Range: $2.81
▼
$10.00

Volume: 396,770 shs
Average Volume: 388,130 shs
Market Capitalization: $383.22 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $14.63

McEwen Mining MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 81.0% Upside
$14.63 Price Target
Short Interest: Healthy
4.06% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($2.54) to $0.03 Per Share

Overall MarketRank^™

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

2.41 out of 5 stars

Basic Materials Sector

63rd out of 163 stocks

Gold & Silver Ores Industry

7th out of 28 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 $14.63, McEwen Mining has a forecasted upside of 81.0% from its current price of $8.08.
Amount of Analyst Coverage
McEwen Mining has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
4.06% 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 3.2, 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 6.47%, indicating that investor sentiment is improving significantly.

0.8

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.
Dividend Sustainability
Based on earnings estimates, McEwen Mining will have a dividend payout ratio of 33.33% next year. This indicates that McEwen Mining will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

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

2.0

News and Social Media Coverage

News Sentiment
McEwen Mining has a news sentiment score of 0.59. 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 0.46 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 1 news article for McEwen Mining this week, compared to 1 article on an average week.
Search Interest
Only 8 people have searched for MUX on MarketBeat in the last 30 days. This is a decrease of -38% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added McEwen Mining to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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.

1.3

Earnings and Valuation

Earnings Growth
Earnings for McEwen Mining are expected to grow in the coming year, from ($2.54) to $0.03 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of McEwen Mining is -3.72, 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 -3.72, 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 0.76. P/B Ratios below 1 indicate that a company could be undervalued 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

May 26, 2023 | finance.yahoo.com

McEwen Mining Announces Payment of Senior Secured Debt

May 21, 2023 | americanbankingnews.com

McEwen Mining (NYSE:MUX) Shares Pass Above Two Hundred Day Moving Average of $6.79

June 4, 2023 | Behind the Markets (Ad)

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May 14, 2023 | insidermonkey.com

McEwen Mining Inc. (NYSE:MUX) Q1 2023 Earnings Call Transcript

May 11, 2023 | americanbankingnews.com

McEwen Mining (NYSE:MUX) Price Target Raised to $10.75

May 10, 2023 | americanbankingnews.com

McEwen Mining (NYSE:MUX) PT Raised to $18.50 at HC Wainwright

May 8, 2023 | nasdaq.com

McEwen (MUX) Reports Q1 Loss, Tops Revenue Estimates

May 7, 2023 | americanbankingnews.com

McEwen Mining (NYSE:MUX) Rating Increased to Sell at StockNews.com

June 4, 2023 | Behind the Markets (Ad)

Buy THIS stock before Taiwan is attacked

May 6, 2023 | americanbankingnews.com

McEwen Mining (NYSE:MUX) Upgraded to "Sell" by StockNews.com

May 5, 2023 | finance.yahoo.com

REPEAT -- McEwen Copper: Los Azules – New Assay Results

April 23, 2023 | americanbankingnews.com

McEwen Mining (NYSE:MUX) Shares Pass Above Two Hundred Day Moving Average of $6.15

April 19, 2023 | theglobeandmail.com

Closing Bell: Mcewen Mining Inc down on Wednesday (MUX)

April 17, 2023 | americanbankingnews.com

McEwen Mining (NYSE:MUX) Raised to Sell at StockNews.com

April 14, 2023 | theglobeandmail.com

Closing Bell: Mcewen Mining Inc down on Friday (MUX)

April 13, 2023 | theglobeandmail.com

Closing Bell: Mcewen Mining Inc flat on Wednesday (MUX)

April 11, 2023 | finance.yahoo.com

TNR Gold NSR Royalty Update on McEwen Los Azules Copper, Gold and Silver Project - New Assay Results

April 7, 2023 | thestreet.com

McEwen Stock Hits New 52-Week Low (MUX)

April 7, 2023 | theglobeandmail.com

Closing Bell: Mcewen Mining Inc down on Thursday (MUX)

April 7, 2023 | marketwatch.com

8-K: McEwen Mining Inc.

April 6, 2023 | theglobeandmail.com

McEwen Mining’s (NYSE: MUX) (TSX: MUX) McEwen Copper Announces Assay Results at Los Azules

April 5, 2023 | finanznachrichten.de

McEwen Mining: McEwen Copper: Los Azules - New Assay Results

April 5, 2023 | finance.yahoo.com

McEwen Copper: Los Azules – New Assay Results

April 4, 2023 | americanbankingnews.com

McEwen Mining (NYSE:MUX) & NextSource Materials (OTCMKTS:NSRCF) Critical Comparison

April 3, 2023 | finance.yahoo.com

Inventus Announces New Director, Advisor and Pardo Update

March 16, 2023 | finance.yahoo.com

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

March 14, 2023 | finance.yahoo.com

McEwen Mining: 2022 Year End and Q4 Results

See More Headlines

MUX Price History

30 days | 90 days | 365 days | Advanced Chart

MUX Company Calendar

Last Earnings: 3/13/2023
Today: 6/03/2023
Next Earnings (Estimated): 8/09/2023
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: $14.63
High Stock Price Forecast: $18.50
Low Stock Price Forecast: $10.75
Forecasted Upside/Downside: +81.0%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($2.17)
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: -86.45%
Pretax Margin: -79.71%
Return on Equity: -16.26%
Return on Assets: -11.75%

Debt

Debt-to-Equity Ratio: 0.10
Current Ratio: 2.50
Quick Ratio: 2.24

Sales & Book Value

Annual Sales: $119.63 million
Price / Sales: 3.20
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $10.65 per share
Price / Book: 0.76

Miscellaneous

Outstanding Shares: 47,428,000
Free Float: 38,654,000
Market Cap: $383.22 million
Optionable: Optionable
Beta: 1.28

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 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 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 equities research analysts have issued 1 year price targets for McEwen Mining's stock. Their MUX share price forecasts range from $10.75 to $18.50. On average, they expect the company's stock price to reach $14.63 in the next twelve months. This suggests a possible upside of 81.0% 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 at the beginning of 2023. Since then, MUX shares have increased by 37.9% and is now trading at $8.08.
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 Wednesday, August 9th 2023.
View our MUX earnings forecast.
How were McEwen Mining's earnings last quarter?: McEwen Mining Inc (NYSE:MUX) issued its earnings results on Monday, March, 13th. The basic materials company reported ($0.79) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.23) by $0.56. The basic materials company earned $28.24 million during the quarter, compared to analysts' expectations of $29.40 million. McEwen Mining had a negative net margin of 86.45% and a negative trailing twelve-month return on equity of 16.26%.
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).
Is McEwen Mining a good dividend stock?: McEwen Mining (NYSE:MUX) pays an annual dividend of $0.01 per share and currently has a dividend yield of 0.00%.
Read our dividend analysis for MUX.
When did McEwen Mining's stock split?: McEwen Mining shares reverse split on 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 market closes 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 many different institutional and retail investors. Top institutional investors include Van ECK Associates Corp (4.60%), Mirae Asset Global Investments Co. Ltd. (2.33%), BlackRock Inc. (1.16%), Jane Street Group LLC (1.14%), ETF Managers Group LLC (0.96%) and Geode Capital Management LLC (0.79%). 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 $8.08.
How much money does McEwen Mining make?: McEwen Mining (NYSE:MUX) has a market capitalization of $383.22 million and generates $119.63 million in revenue each year. The basic materials company earns $-81,070,000.00 in net income (profit) each year or ($2.17) 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 6/4/2023 by MarketBeat.com Staff

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