McEwen (MUX) Q2 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
Key numbers
- Reported EPS
- $0.21
- Estimate
- $0.32
- Surprise
- -34.2%
- Score at report (before → after)
- 6.5 → 6.5/10
Revenue for this quarter isn’t shown: the reported figure hasn’t cleared TrendMatrix’s freshness and sanity checks yet, and consensus revenue isn’t tracked. EPS above is the available figure.
How the report landed
McEwen (MUX) missed the $0.32 estimate with diluted EPS of $0.21 — a large 34.2% shortfall. TrendMatrix's engine moved from Buy (Wait) (6.5/10) to Sell at 6.5/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates MUX Sell at 6.2/10.
2 of the last 4 quarters beat the estimate; this quarter's -34.2% surprise compares with a +86.8% four-quarter average. Next scheduled report: 2026-11-04.
What supports the rating
- Attractive valuation
- Strong growth profile
What argues against it
- Commodity cycle peak: fwd P/E 4.8× (below 12) + fwd/trail 0.31× (below 0.55). EPS just expanded off a commodity-price surge — forward estimate may be built on stale spot, mean-reversion risk unpriced.
- V7 low-quality RISK_OFF penalty: -0.5 (Q=4.5)
- Sector modifier (Basic Materials): -0.1
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
- $19.45
- Price target
- $27.14
- Stop
- $18.16
- Upside to target
- +39.5%
- Reward-to-risk
- 4.2:1
The stock trades at 15.5× trailing but 4.8× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-09-14 — 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
- $1.17B
- P/E (fwd)
- 4.8
- P/E (ttm)
- 15.5
- 52-week range
- $13.04–$29.70
- Off 52-week high
- 34.5%
- RSI (14)
- 41
- Volume vs avg
- 1.25×
- Score today
- 6.2/10