McEwen (NYSE:MUX) Announces Earnings Results, Beats Expectations By $0.41 EPS

McEwen (NYSE:MUX) (TSE:MUX) posted its earnings results on Thursday. The basic materials company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.41, Zacks reports. The business had revenue of $64.60 million for the quarter, compared to analysts’ expectations of $72.83 million. McEwen had a negative net margin of 7.16% and a negative return on equity of 2.45%.

Here are the key takeaways from McEwen’s conference call:

• Strong financial turnaround: Q4 net income of $38.1M ($0.70/sh) and full‑year net income of $34.4M versus a 2024 loss, with cash rising to $51M and an $8.8M dividend received from San José.
• Los Azules materially de‑risked and high‑value: RIGI approval, environmental permits and a robust feasibility study (after‑tax NPV $2.9B at $4.35/lb, ~ $6.3B at ~$5.80/lb) support a targeted FID by end‑2026 and an IPO of McEwen Copper later this year.
• Ambitious production growth plan: Management aims to more than double precious metals production by 2030 using projects at existing sites (Stock, Gray Fox, Gold Bar, Tartan) and says it will prioritize internal cash flow to limit shareholder dilution.
• Near‑term operational catalysts and capex: Stock pre‑commercial production expected in H2 2026, a Gray Fox PFS due in June, and ~ $100M of 2026 capital focused on Stock, Gold Bar (heap‑leach expansion) and Mexico plant work — execution and financing remain key risks.

McEwen Stock Performance

Shares of MUX traded down $1.20 during mid-day trading on Friday, reaching $23.23. The company had a trading volume of 379,906 shares, compared to its average volume of 1,278,517. The stock has a market capitalization of $1.27 billion, a P/E ratio of -105.32 and a beta of 1.11. McEwen has a 52-week low of $6.38 and a 52-week high of $29.70. The company has a quick ratio of 1.58, a current ratio of 2.10 and a debt-to-equity ratio of 0.26. The stock has a 50 day moving average of $24.71 and a two-hundred day moving average of $19.80.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on MUX shares. Roth Mkm reiterated a “buy” rating and issued a $30.00 price objective (up from $23.00) on shares of McEwen in a report on Friday, January 30th. Weiss Ratings raised shares of McEwen from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $25.50.

Institutional Trading of McEwen

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in shares of McEwen by 4,309.4% in the 1st quarter. Royal Bank of Canada now owns 638,871 shares of the basic materials company’s stock valued at $4,823,000 after acquiring an additional 624,382 shares during the period. Goldman Sachs Group Inc. grew its position in shares of McEwen by 44.2% in the first quarter. Goldman Sachs Group Inc. now owns 63,768 shares of the basic materials company’s stock valued at $481,000 after purchasing an additional 19,548 shares during the last quarter. Empowered Funds LLC increased its stake in McEwen by 105.4% during the 1st quarter. Empowered Funds LLC now owns 208,100 shares of the basic materials company’s stock worth $1,571,000 after buying an additional 106,800 shares during the period. Geode Capital Management LLC lifted its holdings in McEwen by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 509,426 shares of the basic materials company’s stock worth $4,897,000 after buying an additional 1,585 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in McEwen by 92.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 198,771 shares of the basic materials company’s stock valued at $1,910,000 after buying an additional 95,488 shares during the last quarter. Hedge funds and other institutional investors own 17.03% 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.