McEwen (NYSE:MUX) Reaches New 12-Month Low on Analyst Downgrade

Shares of McEwen Inc. (NYSE:MUX) (TSE:MUX) reached a new 52-week low during trading on Wednesday after Weiss Ratings downgraded the stock from a hold (c) rating to a hold (c-) rating. The stock traded as low as $12.86 and last traded at $12.9820, with a volume of 197,504 shares traded. The stock had previously closed at $13.55.

Several other equities research analysts have also recently issued reports on the company. HC Wainwright reduced their target price on McEwen from $28.00 to $27.00 and set a “buy” rating on the stock in a report on Tuesday. Wall Street Zen lowered McEwen from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. Roth Capital set a $31.00 price target on McEwen and gave the company a “buy” rating in a report on Monday, August 10th. Finally, Zacks Research upgraded McEwen from a “strong sell” rating to a “hold” rating in a report on Friday, September 11th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, McEwen currently has an average rating of “Moderate Buy” and an average price target of $29.00.

More McEwen News

Investors following MUX have been watching these news items:

• Positive Sentiment: McEwen maintained its 2026 production guidance of 109,000–120,000 gold-equivalent ounces despite weaker third-quarter output. McEwen investigation notice
• Neutral Sentiment: A law firm announced an investigation and said shareholders who lost money may have recovery rights. The notice does not establish wrongdoing or an outcome. Investigation notice
• Negative Sentiment: Third-quarter results missed expectations: McEwen reported a loss of $0.60 per share versus consensus expectations for $0.09 in earnings, while revenue of $43.64 million fell short of the $48.10 million estimate. Q3 earnings results

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. State Street Corp raised its holdings in shares of McEwen by 26.5% in the second quarter. State Street Corp now owns 4,254,551 shares of the basic materials company’s stock worth $77,135,000 after buying an additional 891,024 shares during the period. Bank of America Corp DE boosted its holdings in McEwen by 1,347.7% during the 1st quarter. Bank of America Corp DE now owns 534,824 shares of the basic materials company’s stock valued at $10,921,000 after acquiring an additional 497,882 shares during the period. U S Global Investors Inc. boosted its holdings in McEwen by 220.9% during the 3rd quarter. U S Global Investors Inc. now owns 320,914 shares of the basic materials company’s stock valued at $5,728,000 after acquiring an additional 220,914 shares during the period. Synergy Asset Management LLC boosted its holdings in McEwen by 31.6% during the 2nd quarter. Synergy Asset Management LLC now owns 803,122 shares of the basic materials company’s stock valued at $14,561,000 after acquiring an additional 193,005 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in McEwen by 15.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,269,760 shares of the basic materials company’s stock valued at $25,920,000 after acquiring an additional 172,687 shares during the last quarter. Institutional investors own 17.03% of the company’s stock.

McEwen Stock Down 3.8%

The company has a current ratio of 2.04, a quick ratio of 1.61 and a debt-to-equity ratio of 0.17. The company has a 50-day simple moving average of $17.25 and a 200 day simple moving average of $20.51. The company has a market cap of $799.89 million, a P/E ratio of 19.46 and a beta of 1.31.

McEwen (NYSE:MUX) (TSE:MUX) last issued its earnings results on Monday, November 9th. The basic materials company reported ($0.60) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.69). McEwen had a return on equity of 7.00% and a net margin of 18.41%. The firm had revenue of $43.64 million during the quarter, compared to analysts’ expectations of $48.10 million. On average, equities analysts anticipate that McEwen Inc. will post 0.83 EPS for the current year.

McEwen Company Profile

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.