McEwen MiningMUX
MUX
About: McEwen Mining Inc is a mining and minerals production and exploration company focused on precious and base minerals in Argentina, Mexico, and the United States. The company's overall revenue is principally derived from the production of gold and silver. The company owns and operates the wholly-owned El Gallo 1 mine in Mexico, and has a minority shareholding in the company that operates the San Jose mine in Argentina. More than half the company's gold output is produced by the El Gallo 1 mine. The remaining gold production, and the majority of silver production, is produced by the San Jose mine. Geographically, the majority is from Canada.
Employees: 575
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
71% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 17
39% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 23
13% more funds holding
Funds holding: 92 [Q2] → 104 (+12) [Q3]
6% more capital invested
Capital invested by funds: $136M [Q2] → $145M (+$8.79M) [Q3]
0.59% less ownership
Funds ownership: 29.15% [Q2] → 28.56% (-0.59%) [Q3]
59% less call options, than puts
Call options by funds: $4.92M | Put options by funds: $11.9M
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$12.25
54%
upside
Avg. target
$15.63
96%
upside
High target
$19
138%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
Roth MKM Joe Reagor 29% 1-year accuracy 11 / 38 met price target | 54%upside $12.25 | Buy Maintained | 7 Nov 2024 |
HC Wainwright & Co. Heiko Ihle 44% 1-year accuracy 77 / 175 met price target | 138%upside $19 | Buy Maintained | 7 Nov 2024 |
Financial journalist opinion
Based on 4 articles about MUX published over the past 30 days
Neutral
Newsfile Corp
2 weeks ago
TNR Gold NSR Royalty Update - Los Azules Copper, Gold and Silver Project: McEwen Copper Secures Environmental Permit for Construction and Operation of Los Azules
Vancouver, British Columbia--(Newsfile Corp. - December 5, 2024) - TNR Gold Corp. (TSXV: TNR) ("TNR", "TNR Gold" or the "Company") is pleased to announce that McEwen Mining Inc. ("McEwen Mining") has provided an update on the Los Azules copper, gold and silver project in San Juan, Argentina. TNR holds a 0.4% net smelter returns royalty ("NSR Royalty") (of which 0.04% of the 0.4% NSR Royalty is held on behalf of a shareholder) on the Los Azules Copper Project.
Neutral
GlobeNewsWire
2 weeks ago
McEwen Copper Secures Environmental Permit for Construction and Operation of Los Azules
TORONTO, Dec. 03, 2024 (GLOBE NEWSWIRE) -- McEwen Copper Inc., a subsidiary of McEwen Mining Inc. (NYSE: MUX) (TSX: MUX), is pleased to announce the approval of the Environmental Impact Assessment (EIA) for its Los Azules copper project. The Environmental Impact Statement (EIS), which is the ministerial resolution approving the EIA, is a key permitting milestone on the way to feasibility, construction and future operation.
Neutral
GlobeNewsWire
2 weeks ago
McEwen Mining: Grey Fox Exploration Update - Exploration Has Opened Up New Possibilities For Resource and Production Growth
Assay Highlights: 24GF-1508: 10.2 g/t Au over 11.1 m (0.30 opt Au over 36.4 ft) 24GF-1513: 11.2 g/t Au over 5.8 m (0.33 opt Au over 19.0 ft) 24GF-1512: 4.6 g/t Au over 6.6 m (0.13 opt Au over 21.7 ft) See Assays in Figure 2 . All assay length intervals are true widths unless otherwise noted.
Neutral
Proactive Investors
3 weeks ago
McEwen Copper seeks $2.5B investment to advance Los Azules project
McEwen Copper, part of McEwen Mining Inc (TSX:MUX, NYSE:MUX), is seeking $2.5 billion in funding to move forward with the construction of its Los Azules copper mine in Argentina, the company's vice president Michael Meding told Reuters in an interview Thursday. The company has already invested more than $400 million in the project, located in Argentina's northern mountains, a region that has largely remained untapped for copper due to the country's challenging economic conditions and stringent capital controls.
Neutral
GlobeNewsWire
1 month ago
Inventus Completes Private Placement Financing with Participation by McEwen Mining
Not for Distribution to United States Wire Services or Dissemination in The United States TORONTO, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Inventus Mining Corp. (TSX VENTURE: IVS) (“Inventus” or the “Company”) is pleased to report that it has closed the previously announced non-brokered private placement of 15,000,000 units of the Company (each, a “Unit”) at a price of $0.04 per Unit, for total gross proceeds of $600,000 (the “Offering”). Each Unit consisted of one common share of the Company (a “Common Share”) and one common share purchase warrant.
Neutral
Seeking Alpha
1 month ago
McEwen Mining, Inc. (MUX) Q3 2024 Earnings Call Transcript
McEwen Mining, Inc. (NYSE:MUX ) Q3 2024 Earnings Conference Call November 6, 2024 11:00 AM ET Company Participants Rob McEwen - Chairman & Chief Owner William Shaver - COO Perry Ing - CFO Jeff Chan - VP, Finance Stefan Spears - VP, Corporate Development Michael Meding - VP & GM, McEwen Copper\ Carmen Diges - General Counsel & Secretary Conference Call Participants Jake Sekelsky - Alliance Global Partners Joseph Reagor - Roth Capital Partners Heiko Ihle - H.C. Wainwright Chris White - TELUS Ventures Mike Kozak - Cantor Fitzgerald Operator Hello, ladies and gentlemen, welcome to McEwen Mining Q3 2024 Operating and Financial Results Conference Call.
Negative
Zacks Investment Research
1 month ago
McEwen (MUX) Reports Q3 Loss, Tops Revenue Estimates
McEwen (MUX) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of $0.04. This compares to loss of $0.39 per share a year ago.
Neutral
GlobeNewsWire
1 month ago
McEwen Mining: Q3 2024 Results
TORONTO, Nov. 05, 2024 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) today released its financial and operational results for the third quarter ended September 30, 2024 (“Q3”). The Company achieved significant improvements in revenue and operating profitability, driven by higher gold prices and strong production. The results reflect McEwen Mining's ongoing commitment to expanding gold and silver production, advancing its large copper project and robust investment in exploration programs.
Neutral
GlobeNewsWire
1 month ago
McEwen Mining Q3 2024 Results Conference Call
TORONTO, Nov. 01, 2024 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) invites you to join our conference call following the release of our Q3 2024 financial results on Wednesday, November 6 th , 2024, at 11:00 AM EST, where management will discuss our financial results and project developments and follow with a question-and-answer session. Participants can ask questions directly over the phone during the webcast.
Positive
Zacks Investment Research
1 month ago
Wall Street Analysts Believe McEwen (MUX) Could Rally 27.65%: Here's is How to Trade
The average of price targets set by Wall Street analysts indicates a potential upside of 27.7% in McEwen (MUX). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
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