MUX stock fell 3.92 percent as Wall Street Zen cut its rating

Published on 10/08/2026 at 00:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

MUX stock fell 3.92 percent to USD 17.39 on October 7, 2026, as Wall Street Zen cut its rating. Q2 revenue rose 27 percent to USD 59.2 million.

MUX, US58039P3055, Illustration mit AI erstellt.

MUX stock (ISIN US58039P3055) fell 3.92 percent to USD 17.39 on the NYSE on October 7, 2026 at 8:40 a.m. ET, while Wall Street Zen cut McEwen to Sell from Hold in a report dated October 3, 2026, according to MarketBeat. The move leaves the stock below the USD 18.10 prior close and places the market reaction alongside a mixed earnings record.

Analyst view stays above price

MarketBeat said the broader analyst consensus was Moderate Buy, based on three Buy ratings and two Holds, with a consensus price target of USD 28.00 on October 3, 2026. That target stood 61.2 percent above the USD 17.39 intraday price, although Wall Street Zen's Sell call added a more cautious counterweight.

The same MarketBeat report cited a 12-month trading band of USD 14.93 to USD 29.70. The October 7 price was 16.5 percent above the low and 41.4 percent below the high, leaving the shares closer to the lower end of the yearly range than to its upper boundary.

Q2 revenue climbed 27 percent

McEwen's second-quarter results for the period ended June 30, 2026 showed revenue of USD 59.2 million, up 27 percent from USD 46.7 million a year earlier, according to McEwen. Net income rose to USD 9.6 million, or USD 0.16 per share, from USD 3.0 million, or USD 0.06 per share, in Q2 2025.

The release also reported adjusted EBITDA of USD 22.2 million, compared with USD 17.3 million a year earlier. The company said higher investments and exploration reduced Q2 net income by USD 8.5 million, while unrealized losses and other expenses reduced it by another USD 8.5 million.

Guidance reflects uneven operations

McEwen's 2026 production guidance stood at 109,000 to 120,000 gold equivalent ounces, with cash costs guided at USD 2,200 to USD 2,450 per ounce and all-in sustaining costs at USD 2,500 to USD 2,750 per ounce. Gold Bar guidance was reduced to 30,000 to 33,000 ounces because less ore reached the heap-leach pad than planned.

At the same time, the Stock Mine in Ontario is scheduled to begin mining in the fourth quarter of 2026, with commercial production targeted for 2027. McEwen said the mine life estimate increased to 8.5 years from 6 years, giving the production plan a longer operating runway.

Stock remains near lower range

McEwen's market capitalization was USD 1.07 billion on October 7, 2026, while Yahoo Finance listed November 4, 2026 as the next earnings date in its quote information. For investors, the key tension is clear: Q2 revenue and adjusted EBITDA improved, but the Gold Bar reset and the latest Sell rating weigh on the stock's near-term profile.