NYSE:MUX - McEwen Mining Stock Price, Forecast & News

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

McEwen Mining Inc (NYSE:MUX) released its earnings results on Wednesday, October, 30th. The basic materials company reported ($0.03) EPS for the quarter, missing the Zacks' consensus estimate of ($0.01) by $0.02. The basic materials company earned $32.69 million during the quarter, compared to analysts' expectations of $36.67 million. McEwen Mining had a negative net margin of 50.01% and a negative return on equity of 11.41%. View McEwen Mining's Earnings History.

McEwen Mining is scheduled to release their next quarterly earnings announcement on Thursday, February 27th 2020. View Earnings Estimates for McEwen Mining.

3 Wall Street analysts have issued twelve-month price targets for McEwen Mining's shares. Their forecasts range from $2.00 to $4.40. On average, they expect McEwen Mining's share price to reach $3.20 in the next twelve months. This suggests a possible upside of 185.7% from the stock's current price. View Analyst Price Targets for McEwen Mining.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for McEwen Mining in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for McEwen Mining.

News articles about MUX stock have been trending very negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. McEwen Mining earned a media sentiment score of -3.0 on InfoTrie's scale. They also gave news coverage about the basic materials company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for McEwen Mining.

McEwen Mining saw a increase in short interest in January. As of January 31st, there was short interest totalling 40,420,000 shares, an increase of 6.3% from the January 15th total of 38,040,000 shares. Based on an average daily trading volume, of 4,750,000 shares, the days-to-cover ratio is presently 8.5 days. Approximately 14.1% of the company's stock are short sold. View McEwen Mining's Current Options Chain.

Some companies that are related to McEwen Mining include Eldorado Gold (EGO), Osisko gold royalties (OR), Iamgold (IAG), Coeur Mining (CDE), Seabridge Gold (SA), Fortuna Silver Mines (FSM), DRDGOLD (DRD), Endeavour Silver (EXK), Corvus Gold (CORVF), Gold Reserve (GDRZF), Loncor Resources (LONCF), Rare Element Resource (REEMF), China Natural Resources (CHNR), New Jersey Mining (NJMC) and Timberline Resources (TLRS).

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

McEwen Mining's stock is owned by a number of of retail and institutional investors. Top institutional investors include Van ECK Associates Corp (4.92%), State Street Corp (2.93%), Sun Valley Gold LLC (0.68%), Geode Capital Management LLC (0.68%), Charles Schwab Investment Management Inc. (0.35%) and Bank of America Corp DE (0.18%). Company insiders that own McEwen Mining stock include Allen V Ambrose, Chris Stewart, Michele L Ashby and Richard W Brissenden. View Institutional Ownership Trends for McEwen Mining.

MUX stock was sold by a variety of institutional investors in the last quarter, including Van ECK Associates Corp, Barclays PLC, Wedbush Securities Inc., Goldman Sachs Group Inc., Advisor Group Inc., Sicart Associates LLC, Perritt Capital Management Inc. and UBS Asset Management Americas Inc.. View Insider Buying and Selling for McEwen Mining.

MUX stock was purchased by a variety of institutional investors in the last quarter, including State Street Corp, Sun Valley Gold LLC, Bank of America Corp DE, Sprott Inc., Geode Capital Management LLC, Pictet Asset Management Ltd., Cubist Systematic Strategies LLC and Renaissance Technologies LLC. Company insiders that have bought McEwen Mining stock in the last two years include Allen V Ambrose, Chris Stewart and Michele L Ashby. View Insider Buying and Selling for McEwen Mining.

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 $1.12.

McEwen Mining has a market capitalization of $406.03 million and generates $128.82 million in revenue each year. The basic materials company earns $-44,870,000.00 in net income (profit) each year or ($0.13) on an earnings per share basis. McEwen Mining employs 427 workers across the globe.View Additional Information About McEwen Mining.

The official website for McEwen Mining is http://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]