McEwen Mining (MUX) Stock Forecast, Price Target & Predictions

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MUX Stock Forecast

McEwen Mining stock forecast is as follows: an average price target of $10.00 (represents a 23.76% upside from MUX’s last price of $8.08) and a rating consensus of 'Buy', based on 1 wall street analysts offering a 1-year stock forecast.

MUX Price Target

The average price target for McEwen Mining (MUX) is $10.00 based on 1-year price targets from 1 Wall Street analysts in the past 3 months, with a price target range of $10.00 to $10.00. This represents a potential 23.76% upside from MUX's last price of $8.08.

MUX Analyst Ratings

Buy

According to 1 Wall Street analysts, McEwen Mining's rating consensus is 'Buy'. The analyst rating breakdown for MUX stock is 0 'Strong Buy' (0.00%), 1 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

McEwen Mining Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
May 13, 2022	Jake Sekelsky	Industrial Alliance Securities	$10.00	$5.20	92.31%	23.76%

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The latest McEwen Mining stock forecast, released on May 13, 2022 by Jake Sekelsky from Industrial Alliance Securities, set a price target of $10.00, which represents a 92.31% increase from the stock price at the time of the forecast ($5.20), and a 23.76% increase from MUX last price ($8.08).

McEwen Mining Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	-
Avg Price Target	-	-	-
Last Closing Price	$8.08	$8.08	$8.08
Upside/Downside	-100.00%	-100.00%	-100.00%

In the current month, the average price target of McEwen Mining stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to McEwen Mining's last price of $8.08. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
May 10, 2024	H.C. Wainwright	Buy	Buy	Hold

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McEwen Mining's last stock rating was published by H.C. Wainwright on May 10, 2024. The company gave MUX a "Buy" rating, the same as its previous rate.

McEwen Mining Financial Forecast

McEwen Mining Revenue Forecast

	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Jun 18	Dec 17
Revenue	-	-	-	-	-	-	-	-	$58.68M	$11.94M	$4.83M	$34.75M	$28.24M	$25.99M	$30.65M	$25.54M	$34.97M	$37.13M	$40.71M	$23.74M	$27.70M	$27.39M	$18.29M	$31.40M	$32.36M	$32.69M	$36.38M	$15.64M	$34.18M	$24.35M
Avg Forecast	$23.30M	$23.80M	$24.30M	$24.70M	$34.50M	$43.88M	$41.79M	$38.25M	$46.50M	$37.30M	$38.81M	$30.03M	$33.75M	$36.26M	$33.69M	$28.15M	$35.48M	$38.17M	$38.65M	$24.50M	$28.88M	$28.96M	$18.45M	$32.02M	$35.84M	$34.80M	$32.01M	$22.82M	$17.09M	$24.35M
High Forecast	$24.19M	$24.71M	$25.23M	$25.65M	$35.82M	$44.26M	$41.79M	$39.71M	$48.28M	$38.73M	$40.30M	$31.18M	$35.04M	$36.26M	$33.69M	$28.15M	$35.48M	$38.17M	$38.65M	$24.50M	$28.88M	$28.96M	$18.45M	$32.02M	$35.84M	$34.80M	$32.01M	$22.82M	$20.51M	$29.22M
Low Forecast	$22.41M	$22.89M	$23.37M	$23.76M	$33.18M	$43.51M	$41.79M	$36.79M	$44.72M	$35.88M	$37.33M	$28.89M	$32.46M	$36.26M	$33.69M	$28.15M	$35.48M	$38.17M	$38.65M	$24.50M	$28.88M	$28.96M	$18.45M	$32.02M	$35.84M	$34.80M	$32.01M	$22.82M	$13.67M	$19.48M
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	7	5	5	9	6	4	4	7	4	11	11
Surprise %	-	-	-	-	-	-	-	-	1.26%	0.32%	0.12%	1.16%	0.84%	0.72%	0.91%	0.91%	0.99%	0.97%	1.05%	0.97%	0.96%	0.95%	0.99%	0.98%	0.90%	0.94%	1.14%	0.69%	2.00%	1.00%

McEwen Mining's average Quarter revenue forecast for Mar 24 based on 1 analysts is $38.25M, with a low forecast of $36.79M, and a high forecast of $39.71M. MUX's average Quarter revenue forecast represents a -34.82% decrease compared to the company's last Quarter revenue of $58.68M (Dec 23).

McEwen Mining EBITDA Forecast

	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Jun 18	Dec 17
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	7	5	5	9	6	4	4	7	4	11	11
EBITDA	-	-	-	-	-	-	-	-	$7.87M	$35.00K	$-5.52M	$-29.75M	$-32.73M	$-10.34M	$-13.12M	$-20.06M	$-12.39M	$-10.77M	$192.00K	$-9.31M	$-14.94M	$-3.38M	$-13.22M	$-91.65M	$-19.02M	$-2.27M	$-9.93M	$-6.83M	$-3.46M	$-6.20M
Avg Forecast	$-9.50M	$-9.71M	$-9.91M	$-10.07M	$-14.07M	$-17.90M	$-17.05M	$-19.83M	$-18.97M	$-15.21M	$-15.83M	$-18.02M	$-10.24M	$-14.79M	$-13.74M	$-16.38M	$-14.47M	$-15.57M	$-15.77M	$-5.12M	$-11.78M	$-11.81M	$-7.53M	$-1.90B	$-14.62M	$-14.19M	$-13.06M	$-8.54M	$-3.80M	$-6.20M
High Forecast	$-9.14M	$-9.34M	$-9.53M	$-9.69M	$-13.53M	$-17.74M	$-17.05M	$-15.86M	$-18.24M	$-14.63M	$-15.23M	$-14.42M	$-8.19M	$-14.79M	$-13.74M	$-13.11M	$-14.47M	$-15.57M	$-15.77M	$-4.10M	$-11.78M	$-11.81M	$-7.53M	$-1.52B	$-14.62M	$-14.19M	$-13.06M	$-6.83M	$-3.04M	$-4.96M
Low Forecast	$-9.87M	$-10.08M	$-10.29M	$-10.46M	$-14.61M	$-18.05M	$-17.05M	$-23.79M	$-19.69M	$-15.80M	$-16.44M	$-21.63M	$-12.29M	$-14.79M	$-13.74M	$-19.66M	$-14.47M	$-15.57M	$-15.77M	$-6.14M	$-11.78M	$-11.81M	$-7.53M	$-2.28B	$-14.62M	$-14.19M	$-13.06M	$-10.25M	$-4.57M	$-7.44M
Surprise %	-	-	-	-	-	-	-	-	-0.41%	-0.00%	0.35%	1.65%	3.20%	0.70%	0.95%	1.22%	0.86%	0.69%	-0.01%	1.82%	1.27%	0.29%	1.76%	0.05%	1.30%	0.16%	0.76%	0.80%	0.91%	1.00%

1 analysts predict MUX's average Quarter EBITDA for Mar 24 to be $-19.83M, with a high of $-15.86M and a low of $-23.79M. This is -352.04% lower than McEwen Mining's previous annual EBITDA (Dec 23) of $7.87M.

McEwen Mining Net Income Forecast

	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Jun 18	Dec 17
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	7	5	5	9	6	4	4	7	4	11	11
Net Income	-	-	-	-	-	-	-	-	$169.76M	$-18.45M	$-21.63M	$-36.41M	$-42.08M	$-10.54M	$-12.45M	$-21.06M	$-21.03M	$-17.40M	$-5.99M	$-12.47M	$-23.54M	$-9.78M	$-19.81M	$-99.19M	$-25.13M	$-11.46M	$-13.01M	$-10.14M	$-5.38M	$2.17M
Avg Forecast	$3.12M	$3.64M	$-4.16M	$-3.64M	$-4.68M	$-5.46M	$-12.21M	$-25.72M	$-10.65M	$-38.70M	$-34.29M	$-23.39M	$-14.60M	$-12.18M	$-10.28M	$-21.26M	$-4.97M	$-2.49M	$-7.46M	$-6.86M	$-7.46M	$-11.60M	$-17.40M	$-2.05B	$-9.94M	$-8.29M	$-9.94M	$-12.67M	$-5.92M	$2.17M
High Forecast	$3.27M	$3.82M	$-3.95M	$-3.46M	$-4.44M	$-5.18M	$-11.60M	$-20.58M	$-10.12M	$-36.78M	$-32.59M	$-18.71M	$-11.68M	$-12.18M	$-10.28M	$-17.01M	$-4.97M	$-2.49M	$-7.46M	$-5.49M	$-7.46M	$-11.60M	$-17.40M	$-1.64B	$-9.94M	$-8.29M	$-9.94M	$-10.14M	$-4.73M	$2.60M
Low Forecast	$2.96M	$3.46M	$-4.36M	$-3.82M	$-4.91M	$-5.73M	$-12.82M	$-30.87M	$-11.18M	$-40.63M	$-36.00M	$-28.06M	$-17.52M	$-12.18M	$-10.28M	$-25.51M	$-4.97M	$-2.49M	$-7.46M	$-8.23M	$-7.46M	$-11.60M	$-17.40M	$-2.46B	$-9.94M	$-8.29M	$-9.94M	$-15.20M	$-7.10M	$1.73M
Surprise %	-	-	-	-	-	-	-	-	-15.94%	0.48%	0.63%	1.56%	2.88%	0.87%	1.21%	0.99%	4.23%	7.00%	0.80%	1.82%	3.16%	0.84%	1.14%	0.05%	2.53%	1.38%	1.31%	0.80%	0.91%	1.00%

McEwen Mining's average Quarter net income forecast for Mar 24 is $-25.72M, with a range of $-30.87M to $-20.58M. MUX's average Quarter net income forecast represents a -115.15% decrease compared to the company's last Quarter net income of $169.76M (Dec 23).

McEwen Mining SG&A Forecast

	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Jun 18	Dec 17
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	7	5	5	9	6	4	4	7	4	11	11
SG&A	-	-	-	-	-	-	-	-	$9.38M	$3.72M	$2.05M	$3.44M	$3.10M	$4.35M	$2.46M	$1.98M	$3.05M	$3.47M	$2.83M	$2.08M	$2.37M	$2.53M	$2.24M	$2.06M	$4.71M	$2.65M	$3.17M	$3.87M	$5.81M	$5.77M
Avg Forecast	$4.56M	$4.66M	$4.76M	$4.83M	$6.75M	$8.59M	$8.18M	$2.64M	$9.10M	$7.30M	$7.60M	$2.40M	$5.28M	$7.10M	$6.59M	$2.18M	$6.94M	$7.47M	$7.57M	$1.15M	$5.65M	$5.67M	$3.61M	$6.27M	$7.01M	$6.81M	$6.26M	$4.84M	$6.40M	$5.77M
High Forecast	$4.73M	$4.84M	$4.94M	$5.02M	$7.01M	$8.66M	$8.18M	$3.16M	$9.45M	$7.58M	$7.89M	$2.88M	$6.33M	$7.10M	$6.59M	$2.61M	$6.94M	$7.47M	$7.57M	$1.37M	$5.65M	$5.67M	$3.61M	$6.27M	$7.01M	$6.81M	$6.26M	$5.81M	$7.67M	$6.92M
Low Forecast	$4.39M	$4.48M	$4.57M	$4.65M	$6.49M	$8.51M	$8.18M	$2.11M	$8.75M	$7.02M	$7.31M	$1.92M	$4.22M	$7.10M	$6.59M	$1.74M	$6.94M	$7.47M	$7.57M	$916.52K	$5.65M	$5.67M	$3.61M	$6.27M	$7.01M	$6.81M	$6.26M	$3.87M	$5.12M	$4.61M
Surprise %	-	-	-	-	-	-	-	-	1.03%	0.51%	0.27%	1.44%	0.59%	0.61%	0.37%	0.91%	0.44%	0.46%	0.37%	1.82%	0.42%	0.45%	0.62%	0.33%	0.67%	0.39%	0.51%	0.80%	0.91%	1.00%

McEwen Mining's average Quarter SG&A projection for Mar 24 is $2.64M, based on 1 Wall Street analysts, with a range of $2.11M to $3.16M. The forecast indicates a -71.88% fall compared to MUX last annual SG&A of $9.38M (Dec 23).

McEwen Mining EPS Forecast

	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Jun 18	Dec 17
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	7	5	5	9	6	4	4	7	4	11	11
EPS	-	-	-	-	-	-	-	-	$2.79	$-0.39	$-0.46	$-0.77	$-0.89	$-0.21	$-0.26	$-0.45	$-0.46	$-0.38	$-0.13	$-0.28	$-0.58	$-0.24	$-0.49	$-2.48	$-0.63	$-0.32	$-0.38	$-0.30	$-0.16	$0.06
Avg Forecast	$0.06	$0.07	$-0.08	$-0.07	$-0.09	$-0.10	$-0.23	$-0.07	$-0.20	$-0.74	$-0.66	$-0.26	$-0.17	$-0.24	$-0.21	$-0.25	$-0.10	$-0.05	$-0.15	$-0.20	$-0.15	$-0.23	$-0.35	$-0.15	$-0.20	$-0.17	$-0.20	$-0.35	$-0.11	$0.10
High Forecast	$0.06	$0.07	$-0.08	$-0.07	$-0.09	$-0.10	$-0.22	$-0.07	$-0.19	$-0.71	$-0.63	$-0.24	$-0.16	$-0.24	$-0.21	$-0.25	$-0.10	$-0.05	$-0.15	$-0.20	$-0.15	$-0.23	$-0.35	$-0.15	$-0.20	$-0.17	$-0.20	$-0.35	$-0.09	$0.12
Low Forecast	$0.06	$0.07	$-0.08	$-0.07	$-0.09	$-0.11	$-0.25	$-0.07	$-0.22	$-0.78	$-0.69	$-0.27	$-0.17	$-0.24	$-0.21	$-0.25	$-0.10	$-0.05	$-0.15	$-0.20	$-0.15	$-0.23	$-0.35	$-0.15	$-0.20	$-0.17	$-0.20	$-0.35	$-0.13	$0.08
Surprise %	-	-	-	-	-	-	-	-	-13.61%	0.52%	0.70%	3.02%	5.39%	0.86%	1.26%	1.80%	4.60%	7.58%	0.87%	1.41%	3.89%	1.04%	1.41%	16.52%	3.14%	1.90%	1.88%	0.86%	1.45%	0.64%

According to 1 Wall Street analysts, McEwen Mining's projected average Quarter EPS for Mar 24 is $-0.07, with a low estimate of $-0.07 and a high estimate of $-0.07. This represents a -102.51% decrease compared to MUX previous annual EPS of $2.79 (Dec 23).

McEwen Mining Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
FSM	Fortuna Silver Mines	$4.54	$6.50	43.17%	Hold
EXK	Endeavour Silver	$4.49	$6.17	37.42%	Buy
SAND	Sandstorm Gold	$5.37	$7.00	30.35%	Buy
MUX	McEwen Mining	$8.08	$10.00	23.76%	Buy
IAG	IAMGOLD	$4.98	$4.02	-19.28%	Hold

MUX Forecast FAQ

Is McEwen Mining a good buy?

Yes, according to 1 Wall Street analysts, McEwen Mining (MUX) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 100.00% of MUX's total ratings.

What is MUX's price target?

McEwen Mining (MUX) average price target is $10 with a range of $10 to $10, implying a 23.76% from its last price of $8.08. The data is based on 1 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will McEwen Mining stock go up soon?

According to Wall Street analysts' prediction for MUX stock, the company can go up by 23.76% (from the last price of $8.08 to the average price target of $10), up by 23.76% based on the highest stock price target, and up by 23.76% based on the lowest stock price target.

Can McEwen Mining stock reach $12?

MUX's average twelve months analyst stock price target of $10 does not support the claim that McEwen Mining can reach $12 in the near future.

What are McEwen Mining's analysts' financial forecasts?

McEwen Mining's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $158.42M (high $161.58M, low $155.27M), average EBITDA is $-68.839M (high $-64.184M, low $-73.496M), average net income is $-48.064M (high $-41.81M, low $-54.32M), average SG&A $26.16M (high $27.01M, low $25.3M), and average EPS is $-0.5 (high $-0.475, low $-0.525). MUX's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $96.1M (high $99.78M, low $92.43M), average EBITDA is $-39.196M (high $-37.699M, low $-40.696M), average net income is $-1.039M (high $-316K, low $-1.762M), average SG&A $18.81M (high $19.53M, low $18.09M), and average EPS is $-0.02 (high $-0.00608, low $-0.0339).

Did the MUX's actual financial results beat the analysts' financial forecasts?

Based on McEwen Mining's last annual report (Dec 2023), the company's revenue was $166.23M, beating the average analysts forecast of $152.65M by 8.90%. Apple's EBITDA was $-74.945M, beating the average prediction of $-68.033M by 10.16%. The company's net income was $86.6M, missing the average estimation of $-107M by -180.91%. Apple's SG&A was $101.78M, beating the average forecast of $26.39M by 285.62%. Lastly, the company's EPS was $1.82, missing the average prediction of $-1.865 by -197.59%. In terms of the last quarterly report (Dec 2023), McEwen Mining's revenue was $58.68M, beating the average analysts' forecast of $46.5M by 26.19%. The company's EBITDA was $7.87M, missing the average prediction of $-18.966M by -141.47%. McEwen Mining's net income was $169.76M, missing the average estimation of $-10.65M by -1693.91%. The company's SG&A was $9.38M, beating the average forecast of $9.1M by 3.04%. Lastly, the company's EPS was $2.79, missing the average prediction of $-0.205 by -1460.98%