McEwen Mining's latest earnings report reveals a significant miss on expected profits, raising questions about its growth trajectory.
Recent earnings trend
Advertisement
McEwen Mining Inc.
MUX.TO
MUX.TO
McEwen Mining Inc.
WealthAwesomeMarket cap
$1.67B
P/E
16.9x
52W high
$40.07
52W low
$13.56
1W change
+3.56%
Beta
1.25
Analyst Price Targets
Based on analyst covering MUX
Wall Street analysts forecast MUX stock price to rise 94.0% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$49.69
+94.0% Upside
Current Price
C$25.61
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on MUX's historical volatility
30-Day Vol
62.4%
Annualized
90-Day Vol
67.3%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$21.42
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$24.13 | C$19.46 – C$29.92 |
| 60 trading days | C$22.74 | C$16.77 – C$30.82 |
| 90 trading days | C$21.42 | C$14.76 – C$31.10 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 2 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 2 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-05 | 0.2105 | 0.3200 | -34.2% |
| 2026-03-31 | 2026-05-06 | 0.4900 | 0.3900 | +25.6% |
| 2025-12-31 | 2026-03-12 | 0.6600 | 0.1300 | +407.7% |
| 2025-09-30 | 2025-11-05 | 0.0700 | 0.2800 | -75.0% |
| 2025-06-30 | 2025-08-06 | 0.1900 | 0.0800 | +137.5% |
| 2025-03-31 | 2025-05-07 | -0.1200 | -0.1100 | -9.1% |
Advertisement
McEwen Mining Inc. (MUX.TO) recently reported its earnings for the second quarter of 2026, showing a notable deviation from analyst expectations. The company posted an earnings per share (EPS) of $0.2105, falling short of the estimated $0.32 by 34.2%. This performance reflects ongoing challenges in the mining sector and raises concerns for investors about future profitability.
Investor takeaway: The significant earnings miss may prompt investors to reassess their positions in McEwen Mining, especially given the volatility in the metals and mining industry. While the company has demonstrated growth potential in previous quarters, this latest report highlights the unpredictability that can accompany mining operations.
EPS Miss of 34.2% Raises Concerns for Investors
With an EPS of $0.2105 compared to an estimate of $0.32, McEwen Mining's performance in Q2 2026 highlights significant challenges in meeting market expectations.
Bull case
Despite the recent earnings miss, McEwen Mining has a history of beating expectations in two of the last four quarters. The company boasts a strong profit margin of 31.4% and a market cap of about C$1.67 billion, positioning it well to take advantage of any rise in gold prices, especially as exploration continues to show promising results.
Bear case
The substantial earnings miss might signal deeper operational issues, particularly as the company now faces a consensus EPS estimate of $0.23 for the next quarter, indicating ongoing pressure on margins. Additionally, the stock has dropped 8.14% following the earnings announcement, reflecting investor skepticism.
Advertisement
Advertisement
Wealth Awesome
Timely coverage of Canadian stocks, earnings, dividends, and market movers for DIY investors. Stories are checked against exchange data and public filings.
View Full Profile →✅ Reviewed by Certified Financial Professionals
This content has been reviewed by CFA® charterholders and Certified Financial Planners (CFP®) with over a decade of experience in Canadian financial markets. All information is fact-checked against official Canadian sources and regulations.
Why these credentials matter: CFA® charterholders complete 900+ hours of rigorous study in investment analysis and ethics. CFP® professionals are held to the highest standards of financial planning competency and fiduciary duty in Canada.
⚠️ Professional Disclaimer
This content is for educational purposes only and should not be considered personalized financial advice. While our team brings professional expertise, individual circumstances vary. For personalized guidance, consult with a qualified financial advisor, tax professional, or mortgage specialist.
