McEwen Mining Inc. (MUX.TO) experiences a slight decline amid ongoing developments.
This week, McEwen Mining Inc. saw its stock price close at C$27.12, reflecting a 0.29% decline on the day and a 2.38% decrease over the past week. The company's performance remains steady year-to-date, with a 5.81% increase since the beginning of the year. Despite the recent price action, there have been no major news releases impacting the stock this week.
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McEwen Mining Inc.
MUX.TO
MUX.TO
McEwen Mining Inc.
WealthAwesomeMarket cap
$1.62B
P/E
15.6x
52W high
$40.07
52W low
$18.02
1W change
-2.38%
Beta
1.26
Analyst Price Targets
Based on analyst covering MUX
Wall Street analysts forecast MUX stock price to rise 82.4% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$49.47
+82.4% Upside
Current Price
C$27.12
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
59.9%
Annualized
90-Day Vol
63.7%
Annualized
Trend (90d)
-23.2%
Annualized drift
90d Mean
C$24.96
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$26.38 | C$21.45 โ C$32.44 |
| 60 trading days | C$25.66 | C$19.16 โ C$34.38 |
| 90 trading days | C$24.96 | C$17.45 โ C$35.71 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: Investors should be aware of the recent name change to McEwen Inc., which may influence market perception as the company continues to focus on expanding its gold production capabilities. With the completion of a convertible notes offering earlier this year, McEwen is positioned to fund its growth plans, particularly at the Fox Complex.
Recent Performance Metrics
Over the past month, McEwen Mining's stock has gained 1.31%, although it remains down 2.38% for the week. The stock's trading volume is slightly below its 20-day average, reflecting a cautious investor sentiment.
Bull case
The positive outlook for McEwen is driven by its plans to significantly increase gold production at the Fox Complex, aiming for 60,000 ounces by 2027. The successful completion of the convertible senior notes offering provides the necessary capital to support these growth initiatives. Analysts are optimistic, with an average target price suggesting an 82.4% upside from current levels.
Bear case
However, the stock has faced pressure, showing a notable decline from its 200-day moving average of C$29.30, which indicates potential challenges in regaining momentum. With a beta of 1.26, the stock is more volatile than the market, posing risks for investors during uncertain times.
Recent Price Action
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McEwen Mining Inc. (MUX.TO) closed at C$27.12, reflecting a minor drop of 0.29% on Monday. Over the past week, the stock has declined by 2.38%, while it has shown a modest gain of 1.31% over the past month. Year-to-date, it has performed positively with a 5.81% increase.
Company News and Developments
While there have been no significant news releases this week, it's worth noting that McEwen Mining recently underwent a name change to McEwen Inc., effective July 7, 2025. This change is part of the company's ongoing strategy to enhance its market presence. Additionally, the completion of a convertible senior unsecured notes offering earlier this year positions the company to fund its growth initiatives in gold production.
Technical Picture
From a technical standpoint, McEwen Mining's stock is currently trading above its 50-day moving average of C$26.30, which is a positive sign (+3.1% above). However, it remains below its 200-day moving average of C$29.30 (-7.4% below). The stock's 52-week range has been C$18.02 to C$40.07, indicating that it is currently at 41% of this range. With a beta of 1.26, the stock exhibits higher volatility compared to the broader market.
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