Pre-market
Loading markets…

Advertisement

Stocks

Why McEwen Mining Inc. stock is skyrocketing today

By Wealth Awesome -

This move is archived. Current quotes and coverage live on the stock page.

Stocks & ETFs:MUX.TO

Follow MUX

Photos provided by Pexels

McEwen Mining Inc. is experiencing a significant surge in its stock price, drawing attention from investors.

McEwen Mining Inc. (MUX.TO) is rising today, boasting an impressive gain of 8.82%. This upward momentum is noteworthy for investors keeping an eye on the mining sector's performance.

Investor takeaway: With a market cap of approximately CA$1.45 billion and a P/E ratio of 14.62, McEwen Mining's recent stock performance may indicate growing investor confidence in its operational strategies and future prospects.

Advertisement

McEwen Mining Inc.

MUX.TO

Full stock page →

MUX.TO

McEwen Mining Inc.

Source:WealthAwesomeWealthAwesome
↓ $9.90 (-29.25%)
120 day period
$22.94$29.38$35.82Apr 22Jul 17Oct 13

Market cap

$1.43B

P/E

12.9x

52W high

$40.07

52W low

$21.07

1W change

-6.55%

Beta

1.26

Analyst Price Targets

Based on analyst covering MUX · as of Oct 14, 2026

📈

Wall Street analysts forecast MUX stock price to rise 101.2% over the next 12 months.

Consensus

Bullish

Based on avg. target vs last close (formal rating unavailable for Canadian listings)

Avg. Target

C$48.18

+101.2% Upside

Previously C$49.03 on Oct 12, 2026

Current Price

C$23.95

Last close

Compare analyst targets →

Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.

Wealth Awesome Price Forecast

WA Model

Statistical 90-day price range based on MUX's historical volatility

HistoricalForecast68%95%
C$13.40C$20.13C$26.86C$33.60C$40.33C$47.06TodayJun 4Aug 10Oct 13Nov 25Jan 8Feb 20

30-Day Vol

50.1%

Annualized

90-Day Vol

60.0%

Annualized

Trend (90d)

+13.4%

Annualized drift

90d Mean

C$25.12

Expected price

HorizonExpected68% Range (1σ)
30 trading daysC$24.33C$20.47 – C$28.92
60 trading daysC$24.72C$19.37 – C$31.56
90 trading daysC$25.12C$18.63 – C$33.88

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

McEwen Mining Inc. Gains 8.82% in One Day

The stock closed at CA$26.41, reflecting a robust interest in mining stocks today.

Bull case

The recent rise in McEwen Mining's stock likely stems from positive market sentiment towards gold mining companies. Demand for precious metals remains strong, especially during economic uncertainties, which is boosting investor interest.

Bear case

Despite the current rise, investors should be cautious. The mining sector can be volatile, and any downturn in gold prices could negatively impact McEwen's stock performance.

Market Performance Overview

Advertisement

McEwen Mining Inc. is rising today, closing at CA$26.41, a significant increase that reflects investor optimism. The stock's performance is part of a broader trend in the mining sector, where companies are benefiting from increased interest in gold as a safe-haven asset.

Factors Driving the Surge

The rise in McEwen Mining's stock can be linked to a combination of factors, including a favorable market environment for gold and potential operational improvements. Investors are particularly interested in the company's plans to enhance production at the Fox Complex, which could lead to increased revenues.

Looking Ahead

As McEwen Mining continues to navigate the challenges of the mining industry, its recent stock performance may signal a positive outlook. However, investors should stay informed about market conditions and the company's developments by regularly checking updates on MUX.TO.

Advertisement

Wealth Awesome
Written by

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.

📊 Data AccuracyVerified sources
🇨🇦 Canadian FocusLocal expertise
🔍 Fact-CheckedEditorial review

⚠️ 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.

Published: August 4, 2026
Last Updated: August 4, 2026

Core portfolio

Awesome Portfolio™

14.8% a year since 2017, against 9.7% for the S&P/TSX Composite. Ten stocks, easy to manage. We update it once a month.

Annualized

+14.8%

Awesome Portfolio™

+9.7%

S&P/TSX

+5.0 pp better a year

Total return

+254%

Awesome Portfolio™

+134%

S&P/TSX

+119 pp better than the TSX

2017-07-31 to 2026-09-29, dividends reinvested, before fees and tax.

Awesome Portfolio™S&P/TSX CompositeCumulative return · 2017-07-31–2026-09-29
-11.7%42.5%96.7%150.9%205.1%259.3%Jul 17Oct 19Feb 22Jun 24Sep 26

Sponsored links

Advertisement