HC Wainwright Brokers Decrease Earnings Estimates for McEwen

McEwen Inc. (NYSE:MUX) (TSE:MUX) – Equities research analysts at HC Wainwright dropped their FY2026 EPS estimates for McEwen in a report issued on Tuesday, November 10th. HC Wainwright analyst H. Ihle now expects that the basic materials company will earn $0.22 per share for the year, down from their prior forecast of $0.92. HC Wainwright has a “Buy” rating and a $27.00 price target on the stock. The consensus estimate for McEwen’s current full-year earnings is $0.83 per share. HC Wainwright also issued estimates for McEwen’s FY2027 earnings at ($0.05) EPS.

McEwen (NYSE:MUX) (TSE:MUX) last announced 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). The firm had revenue of $43.64 million during the quarter, compared to analyst estimates of $43.00 million. McEwen had a net margin of 18.41% and a return on equity of 6.90%.

Several other equities research analysts also recently commented on the stock. Weiss Ratings downgraded shares of McEwen from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday. Zacks Research raised McEwen from a “strong sell” rating to a “hold” rating in a report on Friday, September 11th. Roth Capital set a $31.00 price objective on McEwen and gave the stock a “buy” rating in a research note on Monday, August 10th. Finally, Wall Street Zen downgraded McEwen from a “hold” rating to a “sell” rating in a report on Saturday, October 3rd. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $29.00.

McEwen Price Performance

Shares of NYSE MUX opened at $12.71 on Thursday. The business has a 50-day simple moving average of $17.13 and a two-hundred day simple moving average of $20.44. The company has a market cap of $782.63 million, a PE ratio of 18.96 and a beta of 1.31. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.61 and a current ratio of 1.34. McEwen has a fifty-two week low of $12.56 and a fifty-two week high of $29.70.

Hedge Funds Weigh In On McEwen

Institutional investors have recently made changes to their positions in the company. KBC Group NV acquired a new position in shares of McEwen during the 1st quarter worth approximately $27,000. Global Retirement Partners LLC grew its position in shares of McEwen by 572.0% in the third quarter. Global Retirement Partners LLC now owns 1,680 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 1,430 shares in the last quarter. Versant Capital Management Inc purchased a new position in McEwen during the third quarter worth approximately $31,000. GAMMA Investing LLC lifted its position in McEwen by 170.2% during the third quarter. GAMMA Investing LLC now owns 2,010 shares of the basic materials company’s stock worth $36,000 after buying an additional 1,266 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in McEwen by 8.8% during the third quarter. Russell Investments Group Ltd. now owns 9,667 shares of the basic materials company’s stock worth $173,000 after buying an additional 779 shares during the last quarter. 17.03% of the stock is owned by hedge funds and other institutional investors.

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.