McEwen Mining(MUX)
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Are You Looking for a Top Momentum Pick? Why McEwen (MUX) is a Great Choice
ZACKS· 2025-07-29 17:00
Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: McEwen Mining (MUX) - McEwen Mining currently holds a Momentum Style Score of A, indicating strong momentum potential [3] - The company has a Zacks Rank of 2 (Buy), suggesting favorable market performance [4] Performance Metrics - Over the past week, MUX shares increased by 3.74%, outperforming the Zacks Mining - Miscellaneous industry, which rose by 1.38% [6] - In a longer timeframe, MUX's monthly price change is 12.8%, compared to the industry's 8.76% [6] - Over the past quarter, MUX shares have surged by 43.77%, and gained 19.78% over the last year, while the S&P 500 increased by 15.97% and 18.37%, respectively [7] Trading Volume - MUX's average 20-day trading volume is 845,889 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the last two months, one earnings estimate for MUX has increased, while none have decreased, raising the consensus estimate from -$0.28 to -$0.02 [10] - For the next fiscal year, one estimate has also moved upwards with no downward revisions [10] Conclusion - Considering the strong performance metrics and positive earnings outlook, MUX is positioned as a solid momentum pick with a Momentum Score of A and a Zacks Rank of 2 (Buy) [12]
Is Metalla Royalty & Streaming (MTA) Stock Outpacing Its Basic Materials Peers This Year?
ZACKS· 2025-07-29 14:41
Group 1 - Metalla Royalty & Streaming Ltd. (MTA) is currently outperforming its peers in the Basic Materials group, with a year-to-date return of approximately 67.7% compared to the sector average of 12.7% [4] - The Zacks Rank for MTA is 2 (Buy), indicating a positive earnings outlook and strong analyst sentiment, with full-year earnings estimates having increased by 75% in the past quarter [3][4] - The Basic Materials group is ranked 13 within the Zacks Sector Rank, which includes 16 different groups [2] Group 2 - MTA is part of the Mining - Miscellaneous industry, which consists of 64 companies and currently holds a Zacks Industry Rank of 165, with an average gain of 16.2% this year [6] - Another stock in the Basic Materials sector, McEwen (MUX), has also shown strong performance with a year-to-date return of 39.3% and a Zacks Rank of 2 (Buy) [5][6] - Investors interested in Basic Materials stocks should monitor both Metalla Royalty & Streaming Ltd. and McEwen for continued solid performance [7]
McEwen Inc. and Canadian Gold Corp. Announce Letter of Intent
Globenewswire· 2025-07-28 10:00
Core Viewpoint - McEwen Inc. has entered into a binding letter of intent to acquire Canadian Gold Corp., which will make Canadian Gold a wholly-owned subsidiary of McEwen if the transaction is completed [1][3]. Summary by Sections Proposed Transaction - The proposed transaction involves McEwen acquiring all issued and outstanding securities of Canadian Gold at an exchange ratio of 0.0225 McEwen shares for each Canadian Gold share, equating to an offer price of CDN $0.35 per Canadian Gold share, representing a 26% premium to the 30-day volume weighted average price as of July 25, 2025 [3][11]. Assets and Operations - Canadian Gold's primary asset is the Tartan Mine, a high-grade former producing mine in Manitoba, which has significant existing infrastructure and high exploration potential. The mine produced 47,000 ounces of gold between 1987 and 1989 and has a current indicated mineral resource estimate of 240,000 ounces of gold [2][22][17]. Benefits for Shareholders - For Canadian Gold shareholders, the transaction offers an attractive premium and enhanced liquidity through McEwen's dual stock exchange listings. Existing Canadian Gold shareholders will own approximately 8.2% of the combined company post-transaction [3][8]. - For McEwen shareholders, the acquisition provides access to Canadian Gold's high-grade assets, the ability to fund development with existing resources, and the potential to restart operations at the Tartan Mine within 24 to 36 months [8][9]. Regulatory and Approval Process - The transaction requires approval from 66 ⅔% of Canadian Gold shareholders and a simple majority from minority shareholders, with a special meeting expected by the end of 2025. The arrangement agreement will include customary deal protection provisions and allow Canadian Gold to consider superior proposals [13][11][12]. Company Background - McEwen Inc. operates multiple mines across the Americas and is focused on gold, copper, and silver. The company aims to build share value and establish dividends, similar to its founder's previous success with Goldcorp [18][19].
Wall Street Analysts See a 30.35% Upside in McEwen (MUX): Can the Stock Really Move This High?
ZACKS· 2025-07-25 14:56
Group 1 - McEwen Mining (MUX) shares have increased by 18.3% over the past four weeks, closing at $11.5, with a mean price target of $14.99 indicating a potential upside of 30.4% [1] - The average price targets range from a low of $13.75 to a high of $15.70, with a standard deviation of $0.88, suggesting a relatively high agreement among analysts [2] - Analysts are optimistic about MUX's earnings prospects, as indicated by a significant increase in earnings estimate revisions, which correlates with potential stock price movements [4][11] Group 2 - Over the last 30 days, the Zacks Consensus Estimate for MUX's current year earnings has increased by 94.6%, with no negative revisions [12] - MUX holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] - While consensus price targets may not be entirely reliable, the direction they imply appears to be a good guide for potential price movement [14]
Here's Why Momentum in McEwen (MUX) Should Keep going
ZACKS· 2025-07-25 13:51
Core Viewpoint - The article emphasizes the importance of identifying sustainable trends in short-term investing, highlighting that while price momentum can be profitable, it requires strong fundamentals to maintain that momentum. Group 1: Stock Price Movement - The direction of a stock's price can reverse quickly, leading to potential short-term capital losses for investors [2] - A predefined "Recent Price Strength" screen can help identify stocks that are on an uptrend, supported by strong fundamentals and trading near their 52-week high [3] Group 2: McEwen Mining (MUX) Analysis - McEwen Mining (MUX) has shown a solid price increase of 52.9% over the past 12 weeks, indicating investor confidence in its potential upside [4] - MUX has also experienced an 18.3% price increase over the last four weeks, suggesting that the upward trend is still intact [5] - Currently, MUX is trading at 94.5% of its 52-week high-low range, indicating a potential breakout [5] Group 3: Fundamental Strength - MUX holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6] - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7] - The Zacks Rank system has a strong historical performance, with Rank 1 stocks averaging a +25% annual return since 1988 [7] Group 4: Investment Strategy - The article suggests that MUX may continue its price trend, and encourages investors to explore other stocks that meet the "Recent Price Strength" criteria [8] - It highlights the importance of backtesting stock-picking strategies to ensure past profitability, which can be facilitated by tools like the Zacks Research Wizard [9]
36.0 g/t Gold Over 10.0 Meters - Froome Mine Life Extended With Discovery of New High-Grade Mineralization
Globenewswire· 2025-07-23 10:00
Core Insights - McEwen Inc. has announced the discovery of high-grade mineralization approximately 200 meters west of the Froome Mine, which is expected to extend mining operations at the Froome site [1][15][16] Exploration and Drilling Results - The Froome West mineralization consists of several sub-vertical, stacked mineralized lenses, with a high-grade trend approximately 15 to 25 meters wide, remaining open to the west and at depth [3][4][16] - Significant drill results include Hole 25PR-G424, which returned 36.0 g/t gold over 10.0 meters, including 160.0 g/t gold over 2.2 meters [8][10] - The exploration program will continue to drill deeper and laterally to evaluate broader regional mineralization trends [4][9] Mining Infrastructure - Development of mining infrastructure on four levels is already underway at Froome West, extending from the existing Froome Mine operations [9][11] - Future mining activities will utilize the existing infrastructure from the Froome Mine, enhancing operational efficiency [5][9] Historical Context - The Froome West mineralization is similar to the Black Fox deposit, which has historically produced approximately 1.1 million gold ounces [4][16] - The nearby Black Fox Mine has a history of mining extending down to 800 meters below surface, indicating the potential for significant mineralization at Froome West [16] Future Outlook - The discovery at Froome West is expected to provide more options in the mine plan for the Fox Complex, with the Stock Mine anticipated to enter commercial production in 2026 [15][16] - The current mineralization model extends to a depth of 250 meters and remains open, suggesting potential for further discoveries [16]
Sankamap CEO Joins Board of McEwen Inc.
Newsfile· 2025-07-15 09:30
Core Insights - Sankamap Metals Inc. CEO John Florek has been appointed to the Board of Directors of McEwen Inc., a recognized producer of gold, copper, and silver [1][4] - Florek's extensive experience in exploration and resource development is expected to enhance McEwen's strategic direction [2][4] - Florek will maintain his role at Sankamap while contributing to McEwen, aligning with the advancement of Sankamap's Oceania Project in the Solomon Islands [3] Company Overview - Sankamap Metals Inc. is a Canadian mineral exploration company focused on high-grade copper and gold deposits, particularly through its Oceania Project [5] - The Oceania Project is strategically located in the Solomon Islands, an area known for world-class copper-gold deposits, including Newcrest's Lihir Mine, which has a resource of 71.9 million ounces of gold [5][10] Exploration Activities - Exploration is actively progressing at the Kuma and Fauro properties, part of the Oceania Project, which have shown significant mineral potential [6] - At Kuma, historical sampling has indicated elevated gold values, with a notable sample showing 11.7% copper and 13.5 g/t gold [7] - The Fauro property has revealed promising results, including 8.0 meters at 27.95 g/t gold and grab samples up to 173 g/t gold [8]
Wall Street Analysts Think McEwen (MUX) Could Surge 39.11%: Read This Before Placing a Bet
ZACKS· 2025-07-09 14:56
Group 1 - McEwen Mining (MUX) shares have increased by 15.9% over the past four weeks, closing at $10.74, with a mean price target of $14.94 indicating a potential upside of 39.1% [1] - The average price targets range from a low of $13.75 to a high of $15.50, with a standard deviation of $0.83, suggesting a relatively high agreement among analysts [2] - Analysts are optimistic about MUX's earnings prospects, as indicated by a significant increase in earnings estimate revisions, which correlates with potential stock price movements [4][11] Group 2 - The Zacks Consensus Estimate for MUX's current year earnings has risen by 94.6% over the past month, with no negative revisions, indicating strong positive sentiment [12] - MUX holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, further supporting its potential upside [13] - While consensus price targets may not be entirely reliable, they can provide a directional guide for price movement [14]
McEwen (MUX) is on the Move, Here's Why the Trend Could be Sustainable
ZACKS· 2025-07-09 13:51
Core Viewpoint - The article emphasizes the importance of confirming the sustainability of stock trends for successful short-term investing, highlighting that price movements should be supported by strong fundamentals and positive earnings estimates [1][2]. Group 1: Stock Performance - McEwen Mining Inc. (MUX) has shown a solid price increase of 31% over the past 12 weeks, indicating strong investor interest [4]. - The stock has also increased by 15.9% in the last four weeks, suggesting that the upward trend is still intact [5]. - MUX is currently trading at 85.8% of its 52-week high-low range, indicating a potential breakout [5]. Group 2: Fundamental Strength - MUX holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7]. Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for identifying stocks like MUX that are on an uptrend with strong fundamentals [3]. - The article suggests that investors should consider other stocks that meet similar criteria for potential investment opportunities [8].
McEwen Mining Announces: Voting Results of the 2025 Annual Meeting of Shareholders; Change of Name to McEwen Inc. Effective July 7, 2025; Meeting Resources Now Available
Globenewswire· 2025-07-03 20:17
Core Points - McEwen Mining Inc. will change its name to McEwen Inc. effective July 7, 2025, following shareholder approval [1][5] - The company will continue trading under the same stock symbol "MUX" on both NYSE and TSX [1][5] Voting Overview - A total of 27,942,541 shares were voted, representing approximately 51.81% of the 53,934,510 outstanding shares entitled to vote [5] - The election results for the directors nominated at the meeting showed significant support, with Robert R. McEwen receiving 19,138,567 votes for and 461,348 votes withheld [3][5] - Executive compensation was approved with 18,735,730 votes for, 514,236 against, and 349,959 abstentions [3][5] - Ernst & Young LLP was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2025, with 27,269,481 votes for [3][5] - The corporate name change to McEwen Inc. received 26,491,461 votes for, 724,679 against, and 726,401 abstentions [3][5] Company Overview - McEwen Mining Inc. operates three mines in the Americas and has a large advanced-stage copper development project in Argentina [7] - The company aims for its Los Azules copper project to become one of the world's first regenerative copper mines, committing to carbon neutrality by 2038 [7] - Rob McEwen, the Chairman and Chief Owner, has personally invested US$205 million in the company and takes a salary of $1 per year [8]