NYSE:MUXMcEwen Mining Stock Price, Forecast & News

McEwen Mining's stock was trading at $0.7986 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MUX shares have increased by 34.0% and is now trading at $1.07. View which stocks have been most impacted by Coronavirus.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for McEwen Mining in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for McEwen Mining.

McEwen Mining is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for McEwen Mining.

McEwen Mining Inc (NYSE:MUX) issued its quarterly earnings results on Tuesday, May, 19th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by $0.02. The basic materials company earned $31.40 million during the quarter, compared to analysts' expectations of $31.66 million. McEwen Mining had a negative return on equity of 13.94% and a negative net margin of 112.02%. View McEwen Mining's earnings history.

2 brokerages have issued twelve-month target prices for McEwen Mining's stock. Their forecasts range from $1.75 to $4.00. On average, they expect McEwen Mining's stock price to reach $2.88 in the next twelve months. This suggests a possible upside of 168.7% from the stock's current price. View analysts' price targets for McEwen Mining.

Headlines about MUX stock have been trending negative this week, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. McEwen Mining earned a coverage optimism score of -2.1 on InfoTrie's scale. They also assigned news stories about the basic materials company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news about McEwen Mining.

McEwen Mining saw a increase in short interest in June. As of June 30th, there was short interest totaling 52,290,000 shares, an increase of 9.9% from the June 15th total of 47,580,000 shares. Based on an average daily trading volume, of 3,930,000 shares, the days-to-cover ratio is currently 13.3 days. Approximately 16.7% of the shares of the company are short sold. View McEwen Mining's Current Options Chain.

Some companies that are related to McEwen Mining include Osisko gold royalties (OR), Seabridge Gold (SA), Coeur Mining (CDE), DRDGOLD (DRD), Fortuna Silver Mines (FSM), Maverix Metals (MMX), Endeavour Silver (EXK), Corvus Gold (CORVF), BRP Group (MTA), Gold Reserve (GDRZF), Rare Element Resource (REEMF), Loncor Resources (LONCF), New Jersey Mining (NJMC), China Natural Resources (CHNR) and Mexus Gold US (MXSG). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other McEwen Mining investors own include First Majestic Silver (AG), Gold Standard Ventures (GSV), Gold Standard Ventures (GSV), Yamana Gold (AUY), Northern Dynasty Minerals (NAK), Pretium Resources (PVG), Uranium Energy (UEC), Hecla Mining (HL), Coeur Mining (CDE) and FuelCell Energy (FCEL).

McEwen Mining trades on the New York Stock Exchange (NYSE) under the ticker symbol "MUX."

Shares of MUX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of MUX stock can currently be purchased for approximately $1.07.

McEwen Mining has a market capitalization of $428.43 million and generates $117.02 million in revenue each year. The basic materials company earns $-59,750,000.00 in net income (profit) each year or ($0.17) on an earnings per share basis. McEwen Mining employs 427 workers across the globe.

The official website for McEwen Mining is www.mcewenmining.com.

McEwen Mining's mailing address is 150 KING STREET WEST SUITE 2800, TORONTO A6, M5H 1J9. The basic materials company can be reached via phone at 866-441-0690 or via email at [email protected]