McEwen (NYSE:MUX) Shares Gap Up – Still a Buy?

12 Dec 2025, 13:15 by Doug Wharley · The Cerbat Gem

McEwen Inc. (NYSE:MUX – Get Free Report) (TSE:MUX)’s share price gapped up before the market opened on Friday . The stock had previously closed at $19.28, but opened at $20.39. McEwen shares last traded at $19.1890, with a volume of 397,259 shares.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on MUX shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of McEwen in a research report on Monday. Roth Capital set a $23.00 price objective on shares of McEwen in a research note on Thursday, October 9th. Canaccord Genuity Group set a $25.00 target price on McEwen and gave the company a “buy” rating in a research report on Wednesday, October 15th. Finally, HC Wainwright lifted their price target on McEwen from $17.00 to $21.50 and gave the company a “buy” rating in a report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $20.50.

Check Out Our Latest Report on McEwen

McEwen Stock Down 1.2%

The company’s fifty day simple moving average is $18.51 and its 200-day simple moving average is $13.77. The firm has a market capitalization of $1.04 billion, a PE ratio of -86.30 and a beta of 1.06. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.10 and a quick ratio of 1.58.

McEwen (NYSE:MUX – Get Free Report) (TSE:MUX) last announced its earnings results on Wednesday, November 5th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.32). The business had revenue of $50.53 million for the quarter, compared to analyst estimates of $60.00 million. McEwen had a negative net margin of 7.16% and a negative return on equity of 2.45%. On average, analysts forecast that McEwen Inc. will post -0.72 EPS for the current year.

Insider Activity at McEwen

In related news, Director Richard W. Brissenden sold 11,203 shares of the company’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $14.89, for a total value of $166,812.67. Following the transaction, the director directly owned 9,405 shares of the company’s stock, valued at $140,040.45. This represents a 54.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jeffrey Chan sold 13,333 shares of McEwen stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $14.89, for a total value of $198,528.37. Following the sale, the vice president directly owned 2,267 shares of the company’s stock, valued at approximately $33,755.63. This represents a 85.47% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 87,136 shares of company stock valued at $1,263,651. Company insiders own 16.10% of the company’s stock.

Institutional Trading of McEwen

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Nomura Holdings Inc. purchased a new position in McEwen during the first quarter valued at approximately $6,925,000. Royal Bank of Canada grew its stake in shares of McEwen by 4,309.4% during the 1st quarter. Royal Bank of Canada now owns 638,871 shares of the basic materials company’s stock worth $4,823,000 after purchasing an additional 624,382 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of McEwen by 38.2% during the 3rd 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 in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of McEwen by 231.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 659,079 shares of the basic materials company’s stock valued at $11,270,000 after purchasing an additional 460,308 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in shares of McEwen by 210.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 640,739 shares of the basic materials company’s stock valued at $10,957,000 after purchasing an additional 434,065 shares during the period. 17.03% of the stock is owned by institutional investors and hedge funds.

McEwen Company Profile

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