View analysts price targets for MUX or view top-rated stocks among Wall Street analysts. McEwen Mining Inc. engages in the exploration, development, production, and sale of gold and silver. The company owns 100% interests in the El Gallo and Fenix projects located in Mexico; and the Black Fox Mine and Stock Mill, Grey Fox, and Froome and Tamarack properties in Canada.
There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.
McEwen Mining: Limited Margin Of Safety At Current Levels (NYSE … – Seeking Alpha
McEwen Mining: Limited Margin Of Safety At Current Levels (NYSE ….
Posted: Tue, 01 Aug 2023 07:00:00 GMT [source]
Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. MUX’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. The Barchart Technical Opinion rating is a 32% Sell with a Weakest short term outlook on maintaining the current direction.
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It also owns interests in the Fuller, Davidson-Tisdale, Buffalo Ankerite, and Paymaster exploration properties located in Canada; and a 49% interest in the San José mine located in Argentina. The company was formerly known as US Gold Corporation and changed its name to McEwen Mining Inc. in January 2012. McEwen Mining Inc. was founded in 1979 and is headquartered in Toronto, Canada. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors.
They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. According to analysts, McEwen Mining’s stock has a predicted upside of 91.69% based on their 12-month price targets. McEwen Mining’s stock reverse split before market open on Tuesday, July 26th 2022.
About McEwen Mining (NYSE:MUX) Stock
An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. We’d like to share more about how we work and what drives our day-to-day business. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams.
- Style is calculated by combining value and growth scores, which are first individually calculated.
- 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.
- According to 2 analysts, the average rating for MUX stock is “Strong Buy.” The 12-month stock price forecast is $15.5, which is an increase of 123.67% from the latest price.
- The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security.
The consensus among Wall Street equities research analysts is that investors should “buy” MUX shares. 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.
After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy. McEwen Mining saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 1,680,000 shares, a drop of 19.6% from the August 15th total of 2,090,000 shares. Based on an average daily trading volume, of 372,800 shares, the short-interest ratio is currently 4.5 days. According to 2 analysts, the average rating for MUX stock is “Strong Buy.” The 12-month stock price forecast is $15.5, which is an increase of 123.67% from the latest price.
Price Target and Rating
Upgrade to MarketBeat All Access to add more stocks to your watchlist. One share of MUX stock can currently be purchased for approximately $6.74. 6 employees have rated McEwen Mining Chief Executive Officer Rob McEwen on Glassdoor.com. Rob McEwen has an approval rating of 77% among the company’s employees. Click the link below and we’ll send you MarketBeat’s list of the 10 best stocks to own in 2023 and why they should be in your portfolio.
McEwen Mining reports challenges in Q2 financial results but expects future improvements – Mugglehead
McEwen Mining reports challenges in Q2 financial results but expects future improvements.
Posted: Thu, 10 Aug 2023 07:00:00 GMT [source]
Since then, MUX stock has increased by 15.0% and is now trading at $6.74. Sign-up to receive the latest news and ratings for McEwen Mining trading houses meaning and its competitors with MarketBeat’s FREE daily newsletter. The technique has proven to be very useful for finding positive surprises.
McEwen Mining Appoints a New Director
Dividend yield allows investors, particularly those interested in dividend-paying stocks,
to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price. High-growth stocks tend to represent the technology, healthcare, and communications sectors.
Style is calculated by combining value and growth scores, which are first individually calculated. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. The stock was recently up about 10% after falling more than 2% in the regular session to a bit under $19. Sign-up to receive the latest news and ratings for MUX and its competitors with MarketBeat’s FREE daily newsletter. McEwen Mining’s stock was trading at $5.86 at the beginning of the year.
According to the issued ratings of 2 analysts in the last year, the consensus rating for McEwen Mining stock is Buy based on the current 2 buy ratings for MUX. The average twelve-month price prediction for McEwen Mining is $13.92 with a high price target of $19.00 and a low price target of $10.75. The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals. Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating.
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The 1-10 reverse split was announced on Tuesday, July 26th 2022. The number of shares owned by shareholders was adjusted after the market closes on Tuesday, July 26th 2022. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split. Analysts like McEwen Mining more than other Basic Materials companies. The consensus rating for McEwen Mining is Buy while the average consensus rating for basic materials companies is Moderate Buy.
A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. 2 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for McEwen Mining in the last year.
As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The scores are based on the trading styles of Value, Growth, and Momentum.
2 equities research analysts have issued 1 year target prices for McEwen Mining’s stock. On average, they predict the company’s stock price to reach $13.92 in the next twelve months. This suggests a possible upside of 106.5% from the stock’s current price.
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MUX’s historical performance
against its industry peers and the overall market.
MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. There are value stocks to be had for those bold enough to dive in. Gold prices are hitting levels last seen in late September as election results remain unknown. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.