McEwen (NYSE:MUX) Posts Quarterly Earnings Results, Beats Estimates By $0.41 EPS

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

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 Price Performance

Shares of NYSE:MUX traded down $0.99 during mid-day trading on Friday, reaching $23.44. The stock had a trading volume of 553,616 shares, compared to its average volume of 1,283,509. The business’s 50 day moving average price is $24.71 and its 200 day moving average price is $19.80. McEwen has a 1 year low of $6.38 and a 1 year high of $29.70. The company has a market cap of $1.28 billion, a P/E ratio of -106.89 and a beta of 1.11. The company has a current ratio of 2.10, a quick ratio of 1.58 and a debt-to-equity ratio of 0.26.

Institutional Trading of McEwen

Hedge funds have recently modified their holdings of the company. State Street Corp grew its holdings in shares of McEwen by 24.4% in the fourth quarter. State Street Corp now owns 2,190,605 shares of the basic materials company’s stock valued at $40,548,000 after purchasing an additional 429,761 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in McEwen by 38.2% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,959,913 shares of the basic materials company’s stock valued at $33,515,000 after purchasing an additional 541,890 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of McEwen by 1.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,285,603 shares of the basic materials company’s stock worth $21,982,000 after buying an additional 15,439 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of McEwen by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 884,347 shares of the basic materials company’s stock worth $15,122,000 after buying an additional 26,846 shares in the last quarter. Finally, Tidal Investments LLC increased its holdings in shares of McEwen by 4.0% in the 2nd quarter. Tidal Investments LLC now owns 846,440 shares of the basic materials company’s stock worth $8,134,000 after buying an additional 32,218 shares during the last quarter. 17.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.