Should I buy or sell McEwen Mining stock right now?

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" MUX shares. View MUX analyst ratings or view top-rated stocks .

What is McEwen Mining's stock price target for 2024?

2 brokerages have issued 1 year price objectives for McEwen Mining's shares. Their MUX share price targets range from $10.75 to $13.00. On average, they anticipate the company's stock price to reach $11.92 in the next year. This suggests a possible upside of 7.9% 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 2024?

McEwen Mining's stock was trading at $7.21 on January 1st, 2024. Since then, MUX shares have increased by 53.1% and is now trading at $11.04. View the best growth stocks for 2024 here .

Are investors shorting McEwen Mining?

McEwen Mining saw a increase in short interest in March. As of March 15th, there was short interest totaling 1,110,000 shares, an increase of 25.4% from the February 29th total of 885,200 shares. Based on an average daily trading volume, of 566,700 shares, the days-to-cover ratio is currently 2.0 days. Currently, 2.8% of the shares of the stock are sold short. View McEwen Mining's Short Interest .

When is McEwen Mining's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024. View our MUX earnings forecast .

How were McEwen Mining's earnings last quarter?

McEwen Mining Inc (NYSE:MUX) released its earnings results on Thursday, February, 29th. The basic materials company reported $2.90 earnings per share for the quarter, topping the consensus estimate of ($0.32) by $3.22. The basic materials company earned $58.68 million during the quarter, compared to analyst estimates of $53 million. McEwen Mining had a trailing twelve-month return on equity of 19.20% and a net margin of 32.92%.

What ETFs hold McEwen Mining's stock?

ETFs with the largest weight of McEwen Mining (NYSE:MUX) stock in their portfolio include Global X Silver Miners ETF (SIL) , Global X Gold Explorers ETF (GOEX) and Sprott Junior Gold Miners ETF (SGDJ) . Amplify Junior Silver Miners ETF (SILJ) .

When did McEwen Mining's stock split?

McEwen Mining's stock 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 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) .

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

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

NYSE:MUX

McEwen Mining (MUX) Stock Price, News & Analysis

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$11.04

+0.15 (+1.38%)

(As of 04/18/2024 ET)

Compare

Today's Range: $10.98
▼
$11.49
50-Day Range: $5.94
▼
$11.83
52-Week Range: $5.92
▼
$12.23

Volume: 905,723 shs
Average Volume: 695,478 shs
Market Capitalization: $545.82 million

P/E Ratio: 9.68
Dividend Yield: N/A
Price Target: $11.92

Get McEwen Mining alerts:

McEwen Mining MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 7.9% Upside
$11.92 Price Target
Short Interest: Healthy
3.38% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.27
Based on 6 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.57 out of 5 stars

Basic Materials Sector

160th out of 174 stocks

Gold & Silver Ores Industry

32nd out of 37 stocks

1.5

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 2 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
McEwen Mining has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
3.38% 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 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in McEwen Mining has recently increased by 18.92%, indicating that investor sentiment is decreasing significantly.

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.

1.8

News and Social Media Coverage

News Sentiment
McEwen Mining has a news sentiment score of 0.27. 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 lower news sentiment than the 0.42 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for McEwen Mining this week, compared to 1 article on an average week.
Search Interest
Only 10 people have searched for MUX on MarketBeat in the last 30 days. This is a decrease of -23% compared to the previous 30 days.
MarketBeat Follows
Only 4 people have added McEwen Mining to their MarketBeat watchlist in the last 30 days. This is a decrease of -20% 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
17.40% 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 17.03% of the stock of McEwen Mining is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of McEwen Mining is 9.68, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 147.65.
Price to Earnings Ratio vs. Sector
The P/E ratio of McEwen Mining is 9.68, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 140.25.
Price to Book Value per Share Ratio
McEwen Mining has a P/B Ratio of 1.09. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About McEwen Mining Stock (NYSE:MUX)

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.

MUX Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MUX Stock News Headlines

April 18, 2024 | msn.com

McEwen Mining (MUX) Price Target Increased by 6.25% to 19.56

April 16, 2024 | finanznachrichten.de

Timberline Resources Corp.: Timberline Announces Acquisition by McEwen Mining at a Significant Premium

April 19, 2024 | InvestorPlace (Ad)

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April 16, 2024 | marketwatch.com

McEwen Mining Agrees to Buy Gold Explorer Timberline Resources

April 16, 2024 | globenewswire.com

McEwen Mining Announces Friendly Acquisition of Timberline Resources

April 16, 2024 | seekingalpha.com

McEwen Mining: Gold Breakout Boosts Margins, But No Longer Cheap

April 11, 2024 | americanbankingnews.com

McEwen Mining (NYSE:MUX) Hits New 52-Week High at $11.63

March 27, 2024 | msn.com

Multiple units on scene of house fire on McEwen Dr. in Huntsville

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March 27, 2024 | msn.com

Six displaced after fire on McEwen Drive

March 16, 2024 | finance.yahoo.com

MUX Apr 2024 9.000 call

March 15, 2024 | finance.yahoo.com

MUX Mar 2024 10.000 call

March 14, 2024 | finance.yahoo.com

McEwen Mining (NYSE:MUX) shareholders are up 12% this past week, but still in the red over the last five years

March 10, 2024 | finance.yahoo.com

MUX Mar 2024 13.000 call

March 2, 2024 | gurufocus.com

Q4 2023 McEwen Mining Inc Earnings Call Transcript

March 1, 2024 | markets.businessinsider.com

Why McEwen Mining Shares Are Up Today

March 1, 2024 | msn.com

McEwen Mining reports FY results

February 29, 2024 | globenewswire.com

McEwen Mining: 2023 Year End and Q4 Results

February 29, 2024 | benzinga.com

Earnings Outlook For McEwen Mining

February 29, 2024 | benzinga.com

Preview: McEwen Mining's Earnings

February 28, 2024 | globenewswire.com

McEwen Mining 2023 Results Conference Call

February 26, 2024 | globenewswire.com

McEwen Copper: Update on Assay Results at Los Azules

February 23, 2024 | finanznachrichten.de

McEwen Mining: McEwen Copper Reports Improved Copper Recovery

February 22, 2024 | finance.yahoo.com

MUX May 2024 11.000 call

February 22, 2024 | globenewswire.com

McEwen Copper Reports Improved Copper Recovery

February 13, 2024 | markets.businessinsider.com

Buy Rating Affirmed for McEwen Mining Amidst Strong Production Performance and Promising Future Prospects

February 12, 2024 | finance.yahoo.com

McEwen Mining: 2023 Production and Guidance for 2024

See More Headlines

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Company Calendar

Last Earnings: 2/29/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/13/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Basic Materials
Industry: Gold & silver ores
Sub-Industry: Precious Metals & Minerals
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 Target: $11.92
High Stock Price Target: $13.00
Low Stock Price Target: $10.75
Potential Upside/Downside: +7.9%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.14
Trailing P/E Ratio: 9.68
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $55.30 million
Net Margins: 32.92%
Pretax Margin: 40.33%
Return on Equity: 19.20%
Return on Assets: 14.62%

Debt

Debt-to-Equity Ratio: 0.08
Current Ratio: 1.76
Quick Ratio: 1.09

Sales & Book Value

Annual Sales: $166.23 million
Price / Sales: 3.28
Cash Flow: $1.72 per share
Price / Cash Flow: 6.41
Book Value: $10.16 per share
Price / Book: 1.09

Miscellaneous

Outstanding Shares: 49,440,000
Free Float: 40,837,000
Market Cap: $545.82 million
Optionable: Optionable
Beta: 1.53

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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

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MUX Stock Analysis - Frequently Asked Questions

Should I buy or sell McEwen Mining stock right now?: 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" MUX shares.
View MUX analyst ratings or view top-rated stocks.
What is McEwen Mining's stock price target for 2024?: 2 brokerages have issued 1 year price objectives for McEwen Mining's shares. Their MUX share price targets range from $10.75 to $13.00. On average, they anticipate the company's stock price to reach $11.92 in the next year. This suggests a possible upside of 7.9% 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 2024?: McEwen Mining's stock was trading at $7.21 on January 1st, 2024. Since then, MUX shares have increased by 53.1% and is now trading at $11.04.
View the best growth stocks for 2024 here.
Are investors shorting McEwen Mining?: McEwen Mining saw a increase in short interest in March. As of March 15th, there was short interest totaling 1,110,000 shares, an increase of 25.4% from the February 29th total of 885,200 shares. Based on an average daily trading volume, of 566,700 shares, the days-to-cover ratio is currently 2.0 days. Currently, 2.8% of the shares of the stock are sold short.
View McEwen Mining's Short Interest.
When is McEwen Mining's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024.
View our MUX earnings forecast.
How were McEwen Mining's earnings last quarter?: McEwen Mining Inc (NYSE:MUX) released its earnings results on Thursday, February, 29th. The basic materials company reported $2.90 earnings per share for the quarter, topping the consensus estimate of ($0.32) by $3.22. The basic materials company earned $58.68 million during the quarter, compared to analyst estimates of $53 million. McEwen Mining had a trailing twelve-month return on equity of 19.20% and a net margin of 32.92%.

What ETFs hold McEwen Mining's stock?: ETFs with the largest weight of McEwen Mining (NYSE:MUX) stock in their portfolio include Global X Silver Miners ETF (SIL), Global X Gold Explorers ETF (GOEX) and Sprott Junior Gold Miners ETF (SGDJ).Amplify Junior Silver Miners ETF (SILJ).
When did McEwen Mining's stock split?: McEwen Mining's stock 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 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).
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
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

This page (NYSE:MUX) was last updated on 4/19/2024 by MarketBeat.com Staff

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