This move is archived. Current quotes and coverage live on the stock page.
Follow MUX
McEwen Mining Inc. is facing a tough time as its stock price drops, which has investors worried.
Today, McEwen Mining Inc. (MUX.TO) saw its stock fall by 8.57%, closing at CA$25.49. This decline comes despite some good news from recent exploration activities that confirmed significant gold mineralization in the Bonanza and Golden Gate Zones.
Advertisement
McEwen Mining Inc.
MUX.TO
MUX.TO
McEwen Mining Inc.
WealthAwesomeMarket cap
$1.69B
P/E
16.1x
52W high
$40.07
52W low
$20.18
1W change
+9.56%
Beta
1.26
Analyst Price Targets
Based on analyst covering MUX · as of Sep 23, 2026
Wall Street analysts forecast MUX stock price to rise 71.1% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$48.46
+71.1% Upside
Previously C$49.89 on Sep 21, 2026
Current Price
C$28.32
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on MUX's historical volatility
30-Day Vol
49.1%
Annualized
90-Day Vol
62.3%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$33.86
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$30.06 | C$25.37 – C$35.61 |
| 60 trading days | C$31.90 | C$25.10 – C$40.54 |
| 90 trading days | C$33.86 | C$25.24 – C$45.41 |
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.
Advertisement
Investor takeaway: Investors should be cautious as McEwen Mining's stock remains volatile, even with promising exploration results.
Stock Drops 8.57% Today
McEwen Mining's market cap is now CA$1.57 billion, reflecting investor concerns about the company's short-term outlook, despite the positive exploration news.
Bull case
The recent assay results show strong potential for expanding gold mineralization, which could boost McEwen Mining's long-term value if these resources are successfully developed.
Bear case
The sharp drop in stock price today indicates that market sentiment is negative, overshadowing any good news about gold discoveries.
Recent Exploration Results
Advertisement
McEwen Mining recently shared encouraging assay results from its drilling activities, confirming gold mineralization in the Bonanza and Golden Gate Zones. These results showed grades of up to 8.09 g/t AuEq over significant intervals, suggesting the potential for future resource expansion.
Market Reaction
Despite the positive news from exploration, McEwen Mining's stock fell sharply today. This suggests that investors might be reacting to broader market conditions or specific concerns about the company's operational performance. The decline raises questions about how sustainable its stock price will be amid ongoing volatility.
Looking Ahead
As McEwen Mining continues its drilling program, investors will be keeping a close eye on further assay results and the company's ability to leverage its exploration successes. How the market responds to these developments will be crucial in determining the stock's direction in the coming weeks.
Best next step
Keep exploring this topic
If you want to go deeper, these are the most useful follow-up pages and tools for this topic.
Broker comparison
Best trading platforms in Canada
Compare $0-commission brokers before you act on a ticker story.
Safe cash
Best GIC rates in Canada
If the story makes you want to de-risk, compare guaranteed rates next.
HISA roundup
Best high-interest savings accounts
Keep dry powder in a no-fee savings account instead of chequing.
TFSA room
Check TFSA contribution room
Shelter the next contribution before you buy.
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.
