FY2026 Earnings Forecast for McEwen Issued By HC Wainwright

McEwen Inc. (NYSE:MUX) (TSE:MUX) – HC Wainwright cut their FY2026 earnings per share (EPS) estimates for McEwen in a research note issued to investors on Friday, August 7th. HC Wainwright analyst H. Ihle now expects that the basic materials company will earn $0.92 per share for the year, down from their prior estimate of $0.97. HC Wainwright has a “Buy” rating and a $28.00 price objective on the stock. The consensus estimate for McEwen’s current full-year earnings is $0.99 per share.

Other analysts have also issued reports about the stock. Zacks Research lowered shares of McEwen from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 5th. Wall Street Zen cut shares of McEwen from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings downgraded shares of McEwen from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 2nd. Finally, Roth Capital set a $31.00 price objective on McEwen and gave the stock a “buy” rating in a research note on Monday. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $28.00.

McEwen Price Performance

Shares of NYSE:MUX opened at $19.19 on Monday. The firm’s 50 day moving average price is $18.32 and its 200-day moving average price is $21.80. McEwen has a twelve month low of $9.82 and a twelve month high of $29.70. The company has a quick ratio of 1.61, a current ratio of 2.04 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $1.18 billion, a PE ratio of 15.23 and a beta of 1.23.

McEwen (NYSE:MUX) (TSE:MUX) last released its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). McEwen had a net margin of 32.46% and a return on equity of 13.48%. The firm had revenue of $59.23 million for the quarter, compared to the consensus estimate of $65.51 million.

Institutional Trading of McEwen

A number of hedge funds and other institutional investors have recently modified their holdings of MUX. Bank of New York Mellon Corp boosted its stake in shares of McEwen by 5.8% in the first quarter. Bank of New York Mellon Corp now owns 10,780 shares of the basic materials company’s stock worth $220,000 after acquiring an additional 589 shares during the period. Kercheville Advisors LLC raised its stake in McEwen by 10.0% during the 1st quarter. Kercheville Advisors LLC now owns 11,000 shares of the basic materials company’s stock valued at $225,000 after purchasing an additional 1,000 shares during the period. KBC Group NV bought a new stake in McEwen during the 1st quarter valued at approximately $27,000. Geode Capital Management LLC raised its stake in McEwen by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 522,435 shares of the basic materials company’s stock valued at $9,673,000 after purchasing an additional 1,461 shares during the period. Finally, Leonteq Securities AG purchased a new position in McEwen in the 1st quarter worth approximately $31,000. 17.03% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at McEwen

In related news, Director Richard W. Brissenden sold 3,275 shares of the stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $18.13, for a total value of $59,375.75. Following the completion of the sale, the director directly owned 18,022 shares of the company’s stock, valued at approximately $326,738.86. This represents a 15.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 14.80% of the company’s stock.

About McEwen

McEwen Mining Inc (NYSE: MUX) is a Canada-based precious metals company focused on the exploration, development and production of gold, silver and copper. Headquartered in Toronto, the company pursues a diversified portfolio of assets across the Americas, with operations and projects spanning Argentina, Mexico, Canada and the United States. McEwen Mining employs an integrated approach that combines in-house technical expertise with strategic partnerships to advance its assets from resource definition through to commercial production.

The company’s flagship producing asset is the San José mine in Argentina, a high-grade silver-gold operation.