McEwen Mining is expected to report third-quarter 2026 results after the market closes on November 9. Two analysts expect EPS of C$0.26 and revenue of US$65.29 million. Recent results, however, have varied widely from estimates.
McEwen Mining Inc. (TSX: MUX) will report results for the quarter ended September 30, 2026. The two-analyst consensus is C$0.26 in EPS, with estimates ranging from C$0.17 to C$0.35, and US$65.29 million in revenue. McEwen beat estimates in two of its last four comparable quarters, but missed in its most recent reported quarter. Follow the company on the MUX stock page.
Recent earnings trend
McEwen Mining Inc.
MUX.TO
MUX.TO
McEwen Mining Inc.
WealthAwesomeMarket cap
$1.28B
P/E
12.0x
52W high
$40.07
52W low
$18.99
1W change
-3.49%
Beta
1.29
Analyst Price Targets
Based on analyst covering MUX · as of Nov 6, 2026
Wall Street analysts forecast MUX stock price to rise 124.8% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$47.04
+124.8% Upside
Previously C$46.73 on Nov 5, 2026
Current Price
C$20.92
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
61.7%
Annualized
90-Day Vol
58.3%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$17.50
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$19.71 | C$15.93 – C$24.39 |
| 60 trading days | C$18.57 | C$13.74 – C$25.10 |
| 90 trading days | C$17.50 | C$12.10 – C$25.30 |
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 |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-09 | — | 0.0900 | — |
| 2026-06-30 | 2026-08-05 | 0.2100 | 0.3200 | -34.4% |
| 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% |
Investor takeaway: The November 9 report will show whether McEwen meets a modest consensus based on just two analysts. EPS estimates have slipped from C$0.28 to C$0.26 over the past 30 days, while revenue is expected to grow 29.2% year over year. The company has beaten estimates twice in its last four comparable quarters, but those results included both large positive and negative surprises. Consider the reported figures and management’s update alongside the forecast, rather than relying on the recent beat count as a pattern.
C$0.26 EPS consensus, based on two analysts
The EPS estimate has fallen from C$0.28 over the past 30 days. One analyst lowered their estimate, and none raised theirs. The range of C$0.17 to C$0.35 reflects the uncertainty in a forecast based on only two analysts.
Bull case
Analysts expect McEwen to return to positive year-over-year EPS growth, from a loss of C$0.01 in the year-ago quarter to C$0.26. They also forecast revenue growth of 29.2%. McEwen beat estimates in two of its last four comparable quarters, including in March 2026.
The company has also proposed selling its Fuller and Paymaster assets for US$55 million: US$5 million in cash and US$50 million in Discovery Mining shares. The sale still needs to meet customary closing conditions, including TSX approval for the share issuance.
Bear case
McEwen’s recent earnings have been uneven. June-quarter EPS was C$0.21, below the C$0.32 estimate. In September 2025, EPS was C$0.07 against an estimate of C$0.28. The current consensus is based on just two analysts, and the EPS forecast has fallen over the past month.
At the last close provided, MUX.TO was below its 50-day and 200-day moving averages. A 90-day statistical model also points to a lower mean forecast. These indicators don’t replace company results, but they add to the uncertainty around earnings that have often differed from estimates.
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.
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.
