McEwen Mining Inc. has seen a slight decline in stock performance this week, reflecting broader market trends.
As of Thursday, McEwen Mining Inc. (MUX.TO) closed at C$24.62, down 1.83% for the day and 0.65% for the week. The company has faced a challenging month, with a 12.60% decrease in value over the past 30 days. This decline comes amidst recent company developments and a cautious market environment.
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McEwen Mining Inc.
MUX.TO
MUX.TO
McEwen Mining Inc.
WealthAwesomeMarket cap
$1.45B
P/E
14.6x
52W high
$40.07
52W low
$13.56
1W change
+8.67%
Beta
1.25
Analyst Price Targets
Based on analyst covering MUX
Wall Street analysts forecast MUX stock price to rise 89.1% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$49.80
+89.1% Upside
Current Price
C$26.33
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
56.5%
Annualized
90-Day Vol
65.5%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$22.02
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$24.81 | C$20.42 – C$30.14 |
| 60 trading days | C$23.37 | C$17.75 – C$30.79 |
| 90 trading days | C$22.02 | C$15.72 – C$30.86 |
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.
Investor takeaway: Investors should note the recent name change to McEwen Inc. and the completion of a convertible notes offering as part of the company's strategic initiatives. However, the stock's current performance and technical indicators suggest careful consideration before making investment decisions.
McEwen Mining Inc. Stock Declines 1.83% on Thursday, Closing at C$24.62
With a current market cap of approximately C$1.5 billion and a profit margin of 31.4%, McEwen Mining's financial health appears stable, but the stock's performance raises questions about growth prospects.
Bull case
The recent completion of a $110 million convertible notes offering could strengthen the company's financial position, paving the way for potential growth and development. Analysts remain optimistic, with an average target price indicating significant upside potential.
Bear case
However, the stock's current performance and technical indicators show a bearish sentiment. It is trading below both the 50-day and 200-day moving averages, which may concern risk-averse investors. The recent decline in stock price could signal caution for those looking to invest.
Recent Performance Overview
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McEwen Mining Inc. has faced a challenging week, closing at C$24.62 on Thursday. The stock has seen a 1D decline of 1.83% and a slight decrease of 0.65% over the past week. Over the past month, the stock has dropped 12.60%, indicating a trend that may concern investors.
Company Developments
While there has been no significant company news this week, McEwen Mining recently completed a $110 million upsized offering of convertible senior notes due in 2030. This move is part of the company's efforts to strengthen its financial position and support future growth initiatives. Additionally, the company has undergone a name change to McEwen Inc., effective July 7, 2025.
Technical Picture
From a technical perspective, McEwen Mining's stock is currently trading below both its 50-day moving average of C$28.29 and its 200-day moving average of C$29.11, reflecting a bearish trend. The stock's 52-week range is between C$13.56 and C$40.07, with the current price at 42% of this range. The stock has a beta of 1.21, indicating higher volatility compared to the market. The latest trading volume was 65,080 shares, which is 1.29 times the 20-day average of 50,565 shares.
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