Should I Buy MUX? MUX 2026 Analysis

Should You Buy McEwen Inc (MUX) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Hold

Latest Price

25.260

1 Day change

8.79%

52 Week Range

29.700

Analysis Updated At

2026/02/05

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Not a good buy right now for an impatient entry: price is breaking/pressing key support while downside momentum is accelerating.
Without Intellectia signals (no AI Stock Picker, no SwingMax), there’s no high-conviction timing edge to step in today.
Bullish longer-term drivers (gold/silver backdrop, project/news flow, raised Wall St. targets) exist, but near-term tape + heavy insider selling outweigh them for an immediate buy.

Technical Analysis

Trend/momentum: MACD histogram (-0.31) is below zero and expanding negatively → bearish momentum is strengthening.
RSI(6)=40.31 → weak/neutral; not oversold enough to suggest a high-probability bounce.
Moving averages: SMA_5 > SMA_20 > SMA_200 indicates the broader structure has been bullish, but today’s sharp drop suggests a pullback that can turn into a deeper correction if support fails.
Levels: Current 23.63 is essentially at/just below S1=23.696 (support). If it doesn’t reclaim quickly, next support is S2=22.11. Overhead resistance/pivots: Pivot=26.263, then R1=28.83.
Short-horizon pattern stats provided: ~80% chance of slight drift lower next day/week, with a more constructive 1-month expectation (+4.26%)—i.e., near-term weak, medium-term potentially positive.

Options Data

Bullish

Open Interest Put-Call Ratio

Bullish

Option Volume Put-Call Ratio

Sentiment/skew: Put/Call ratios well below 1 (OI 0.42; volume 0.43) → positioning/flow leans bullish (more calls than puts).
Volatility: IV30d ~82.61 with IV percentile ~95.22 → options are pricing very large moves; sentiment may be bullish but the market is demanding a high premium for risk.
Activity: Today’s volume (793) and open interest (61,342) suggest notable participation; however, elevated IV implies the market expects continued big swings rather than a clean rebound.

Technical Summary

Sell

Buy

Positive Catalysts

- Street support: Roth reiterated Buy and raised targets (most recently to $30).

Neutral/Negative Catalysts

- Price action: -8.36% regular-session drop (and weak pre-market) indicates risk-off trading and potential support break.
- Insider activity: Insiders are selling, with selling amount up 5515.92% over the last month—strongly negative near-term signal.
- Fundamentals: Recent quarter shows weakening margins and continued losses, which can limit dip-buying appetite.
- Deal risk: Golden Lake acquisition still needs shareholder approval; integration/financing/dilution concerns can pressure the stock in the interim.
- High volatility regime: Very high implied volatility suggests continued sharp swings, which is unfriendly for an impatient “buy now” entry.

Financial Performance

Latest provided quarter: 2025/Q3.
Revenue: 50.534M, down 3.28% YoY → modest top-line contraction.
Profitability: Net income -0.462M (still a loss) with YoY deterioration shown; EPS -0.01 (down 75% YoY).
Margins: Gross margin 15.15, down 42% YoY → meaningful compression and a key weakness versus the bullish commodity narrative.

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Recent trend: Roth Capital maintained a Buy rating while raising the price target twice (Dec 2025: $21→$23; Jan 2026: $23→$30).
Wall St. pro view: Strong drill results/resource update narrative + supportive gold/silver tape + longer-run Fenix contribution.
Wall St. con view (implied by fundamentals/tape): Near-term execution and profitability are not yet demonstrating clean operating leverage; sharp drawdowns can persist despite positive targets.
Bottom line on Street signals: Analysts are getting more constructive on upside potential, but the current trade is being driven by volatility and near-term risk signals (especially insider selling and momentum).

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 USD with a low forecast of 21 USD and a high forecast of 23.5 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: 23.220

Low

Averages

High

23.5

Current: 23.220

Low

Averages

High

23.5

Roth Capital

Joe Reagor

maintain

$23 -> $30

AI Analysis

2026-01-30

Reason

Roth Capital

Joe Reagor

Price Target

$23 -> $30

AI Analysis

2026-01-30

maintain

Reason

Roth Capital analyst Joe Reagor raised the firm's price target on McEwen Mining to $30 from $23 and keeps a Buy rating on the shares. The stock is off to a fast start to 2026, with strong drill results from multiple projects, an encouraging resource update for Grey Fox, and the announced acquisition of Golden Lake, the analyst tells investors in a research note. Gold and silver prices also continue to set record highs on almost a daily basis, the firm added.

Roth Capital

Buy

maintain

$21 -> $23

2025-12-17

Reason

Roth Capital

Price Target

$21 -> $23

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.

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MUX Should I Buy

MUX Should I Buy

Should You Buy McEwen Inc (MUX) Today? Analysis, Price Targets, and 2026 Outlook.

Technical Analysis

Options Data

Technical Summary

Positive Catalysts

Neutral/Negative Catalysts

Financial Performance

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

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