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

McEwen (NYSE:MUX) (TSE:MUX) issued its quarterly earnings data on Thursday. The basic materials company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.41, Zacks reports. The firm had revenue of $64.60 million during the quarter, compared to analyst estimates 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 Trading Down 4.9%

Shares of NYSE:MUX traded down $1.20 during trading on Friday, hitting $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 cap of $1.27 billion, a price-to-earnings ratio of -105.32 and a beta of 1.11. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.10 and a quick ratio of 1.58. The company has a fifty day simple moving average of $24.71 and a two-hundred day simple moving average of $19.80. McEwen has a one year low of $6.38 and a one year high of $29.70.

Hedge Funds Weigh In On McEwen

Several institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp boosted its stake 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 worth $40,548,000 after acquiring an additional 429,761 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of McEwen by 38.2% in 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 buying an additional 541,890 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in McEwen by 1.2% in the third quarter. Dimensional Fund Advisors LP now owns 1,285,603 shares of the basic materials company’s stock valued at $21,982,000 after buying an additional 15,439 shares in the last quarter. Vanguard Group Inc. increased its stake in McEwen by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 884,347 shares of the basic materials company’s stock valued at $15,122,000 after buying an additional 26,846 shares during the period. Finally, Tidal Investments LLC grew its stake in 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 acquiring an additional 32,218 shares during the period. Institutional investors and hedge funds own 17.03% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on MUX. Roth Mkm reaffirmed 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 research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.50.

McEwen Company Profile

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.