McEwen (MUX) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- -$0.52
- Estimate
- $0.09
- Surprise
- -662.5%
- Revenue (period 2026-09-30)
- $43.6M
- Score at report (before → after)
- 6.5 → 5.4/10
Revenue source: xbrl.
How the report landed
McEwen (MUX) reported a wider loss than forecast — adjusted EPS of -$0.52 against the $0.09 estimate (a 662.5% shortfall). TrendMatrix's engine moved from Hold (6.5/10) to Sell at 5.4/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates MUX Sell at 4.6/10.
2 of the last 4 quarters beat the estimate; this quarter's -662.5% surprise compares with a -60.1% four-quarter average. Next scheduled report: 2027-03-11.
What argues against it
- Commodity cycle peak: fwd P/E 4.3× (below 12) + fwd/trail 0.24× (below 0.55). EPS just expanded off a commodity-price surge — forward estimate may be built on stale spot, mean-reversion risk unpriced.
- Quality below floor (3.3 < 4.0)
- Momentum score 4.1/10 — below 4.5 minimum
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $13.55
- Price target
- $25.58
- Stop
- $12.60
- Upside to target
- +88.8%
- Reward-to-risk
- 5.9:1
The stock trades at 17.8× trailing but 4.3× forward earnings — consensus estimates already build in a substantial earnings recovery.
Risk check: trading volume is running 4.2× its average — elevated turnover around the report window.
Model outputs from TrendMatrix’s engine as of 2026-11-11 — shown for context, not personalized investment advice.
MUX at TrendMatrix's latest read
Materials producers report against the commodity cycle — realized-price capture and volume, not the EPS line, are the tells in a quarter like this.
- Industry
- Other Precious Metals & Mining
- Market cap
- $831.4M
- P/E (fwd)
- 4.3
- P/E (ttm)
- 17.8
- 52-week range
- $12.89–$29.70
- Off 52-week high
- 54.4%
- RSI (14)
- 38
- Volume vs avg
- 4.23×
- Score today
- 4.6/10