McEwen Inc. shares fell 6.51% as the stock crossed below its 5-day SMA amid broader market weakness, with the Nasdaq-100 down 1.13% and the S&P 500 down 0.57%.
The company has entered into a definitive agreement to acquire all outstanding shares of Golden Lake Exploration, which will enhance its asset portfolio and market competitiveness. Golden Lake shareholders will receive 0.003876 McEwen shares per Golden Lake share, representing a 60% premium to the 20-day volume-weighted average price. This strategic acquisition is expected to strengthen McEwen's position in the gold mining industry, particularly as it integrates Golden Lake's assets into its operations.
This acquisition not only expands McEwen's resource base but also aligns with its long-term growth strategy, potentially increasing shareholder value and operational efficiency in the competitive gold market.
Wall Street analysts forecast MUX stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for MUX is 22.00 USD with a low forecast of 21.00 USD and a high forecast of 23.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
Wall Street analysts forecast MUX stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for MUX is 22.00 USD with a low forecast of 21.00 USD and a high forecast of 23.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 29.050
Low
21.00
Averages
22.00
High
23.50
Current: 29.050
Low
21.00
Averages
22.00
High
23.50
Roth Capital
Buy
maintain
$21 -> $23
2025-12-17
Reason
Roth Capital
Price Target
$21 -> $23
AI Analysis
2025-12-17
maintain
Buy
Reason
Roth Capital raised the firm's price target on McEwen Mining to $23 from $21 and keeps a Buy rating on the shares. McEwen has received an extension of its EIA for El Gallo allowing the company to begin construction of the Fenix project, and as a result, Roth has added the mine to its production model beginning in mid-2027, the analyst tells investors in a research note.
Canaccord
NULL -> Buy
initiated
$25
2025-10-15
Reason
Canaccord
Price Target
$25
2025-10-15
initiated
NULL -> Buy
Reason
Canaccord initiated coverage of McEwen Mining with a Buy rating and $25 price target.
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H.C. Wainwright
Buy
maintain
$17
2025-07-29
Reason
H.C. Wainwright
Price Target
$17
2025-07-29
maintain
Buy
Reason
H.C. Wainwright raised the firm's price target on McEwen Mining to $17 from $15.50 and keeps a Buy rating on the shares. The firm cites its increased gold price deck for the target bump.
National Bank
Outperform
maintain
2025-07-16
Reason
National Bank
Price Target
2025-07-16
maintain
Outperform
Reason
National Bank raised the firm's price target on McEwen Mining to C$21.50 from C$21.25 and keeps an Outperform rating on the shares.
About MUX
McEwen Inc is a gold and silver mining production and exploration company. The Company is also involved in a copper development project. Its operations sites include San Jose Mine, Fox Complex, Gold Bar mine, El Gallo Complex, Project Fenix, Los Azules, and Fox West. The San Jose mine is located in the northwest corner of the Deseado Massif region, approximately 20 kilometers north of Newmont's Cerro Negro mine. The Fox Complex is located in the Timmins Gold Mining Camp in Northern Ontario, Canada. The Gold Bar Mine is located in the southern Roberts Mountains of the Battle Mountain-Eureka-Cortez gold trend in Eureka County, Central Nevada. The El Gallo Complex is located in Mexico’s Sinaloa State, along the foothills of the Sierra Madres Occidental mountain range. The Fox West properties are located in the heart of Timmins Gold Camp in northern Ontario, Canada. The Company also holds an interest in Tartan Lake Gold Mine Project, which is located in the province of Manitoba, Canada.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
