McEwen Mining (MUX) Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for McEwen Mining in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" McEwen Mining stock.
View analyst ratings for McEwen Mining or view top-rated stocks.

2 Wall Street research analysts have issued 1-year price targets for McEwen Mining's stock. Their MUX stock forecasts range from $10.00 to $17.50. On average, they anticipate McEwen Mining's share price to reach $13.75 in the next twelve months. This suggests a possible upside of 294.0% from the stock's current price.
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McEwen Mining's stock was trading at $8.8650 at the beginning of 2022. Since then, MUX stock has decreased by 60.6% and is now trading at $3.49.
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McEwen Mining saw a increase in short interest during the month of July. As of July 15th, there was short interest totaling 11,510,000 shares, an increase of 1,130.0% from the June 30th total of 935,800 shares. Based on an average daily trading volume, of 2,120,000 shares, the short-interest ratio is currently 5.4 days. Currently, 29.5% of the company's stock are short sold.
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McEwen Mining is scheduled to release its next quarterly earnings announcement on Wednesday, August 10th 2022.
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McEwen Mining Inc (NYSE:MUX) released its earnings results on Tuesday, May, 10th. The basic materials company reported ($0.40) EPS for the quarter, missing analysts' consensus estimates of ($0.30) by $0.10. The basic materials company had revenue of $25.54 million for the quarter, compared to analyst estimates of $31.50 million. McEwen Mining had a negative net margin of 46.05% and a negative trailing twelve-month return on equity of 16.25%.

Shares of McEwen Mining 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 McEwen Mining stock prior to the reverse split would have 10 shares after the split.

6 employees have rated McEwen Mining CEO Rob McEwen on Glassdoor.com. Rob McEwen has an approval rating of 77% among McEwen Mining's employees.

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).

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

McEwen Mining's stock is owned by a variety of retail and institutional investors. Top institutional investors include Van ECK Associates Corp (44.48%), Oppenheimer & Close LLC (0.07%), Mirae Asset Global Investments Co. Ltd. (0.06%), Connor Clark & Lunn Investment Management Ltd. (0.42%) and Arizona State Retirement System (0.02%). Company insiders that own McEwen Mining stock include Anna Man-Yue Ladd-Kruger, G Peter Mah and Richard W Brissenden.
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Shares of MUX 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.
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One share of MUX stock can currently be purchased for approximately $3.49.

McEwen Mining (NYSE:MUX) has a market capitalization of $165.53 million and generates $136.50 million in revenue each year. The basic materials company earns $-56,710,000.00 in net income (profit) each year or ($1.40) on an earnings per share basis.

McEwen Mining employs 427 workers across the globe.

McEwen Mining's mailing address is 150 KING STREET WEST SUITE 2800, TORONTO A6, M5H 1J9. The official website for McEwen Mining 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.