McEwen (NYSE:MUX) Releases Earnings Results, Misses Expectations By $0.69 EPS

McEwen (NYSE:MUX) (TSE:MUX) issued its earnings results on Monday. The basic materials company reported ($0.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.69), FiscalAI reports. The firm had revenue of $43.64 million for the quarter, compared to analysts’ expectations of $48.10 million. McEwen had a return on equity of 7.00% and a net margin of 18.41%.

McEwen Price Performance

Shares of NYSE MUX opened at $13.60 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.04 and a quick ratio of 1.61. McEwen has a 1-year low of $12.89 and a 1-year high of $29.70. The company has a market capitalization of $834.19 million, a price-to-earnings ratio of 20.29 and a beta of 1.31. The business has a 50-day moving average of $17.25 and a 200-day moving average of $20.51.

Analyst Upgrades and Downgrades

Several research analysts recently commented on MUX shares. Roth Capital set a $31.00 price target on shares of McEwen and gave the company a “buy” rating in a report on Monday, August 10th. HC Wainwright decreased their price objective on shares of McEwen from $28.00 to $27.00 and set a “buy” rating for the company in a research note on Tuesday. Zacks Research raised shares of McEwen from a “strong sell” rating to a “hold” rating in a research report on Friday, September 11th. Weiss Ratings downgraded shares of McEwen from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday. Finally, Wall Street Zen downgraded shares of McEwen from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.00.

McEwen News Summary

Here are the key news stories impacting McEwen this week:

• Positive Sentiment: McEwen kept its 2026 production guidance at 109,000–120,000 gold-equivalent ounces, despite third-quarter production of 22,852 ounces. McEwen Investigation Notice
• Neutral Sentiment: HC Wainwright lowered its price target from $28 to $27 but maintained its Buy rating. The revised target still implies substantial upside from the cited $13.60 share price, though the cut reflects a more cautious valuation. HC Wainwright rating
• Negative Sentiment: Third-quarter results were markedly below expectations: McEwen reported a loss of $0.60 per share versus the consensus estimate of $0.09 per share in earnings, and revenue of $43.64 million versus $48.10 million expected. Revenue declined 14% year over year, production fell, and costs rose; the quarterly net loss widened to $36.7 million. These results are the clearest near-term headwind for MUX. McEwen Q3 Financial Results Q3 net loss report
• Negative Sentiment: A shareholder-rights firm announced an investigation into McEwen and said investors who suffered losses may have recovery rights. The notice adds legal uncertainty, although it does not establish wrongdoing. Investigation notice

About McEwen

McEwen Inc., formerly known as McEwen Mining, is a metals exploration and mining company focused on gold, silver and copper. Its activities include operating mines, advancing development projects and exploring for additional mineral resources. The company’s assets and projects span the United States, Canada, Mexico and Argentina. Its portfolio includes gold and silver properties as well as the Los Azules copper project in Argentina, which is being advanced through its McEwen Copper subsidiary. McEwen was founded by Rob McEwen, who serves as the company’s chairman and chief executive officer.