MUX trades 90.6% below Wall Street's consensus target of $29.50.
Last 12 months price action with 12-month analyst target path
The base valuation assumes MUX achieves its forward estimates and maintains a stable P/E multiple of 15.3x. This scenario reflects the blended consensus of 7 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of November 8, 2026, McEwen Mining Inc. (MUX) has a Wall Street consensus price target of $29.50, based on estimates from 7 covering analysts. With the stock currently trading at $15.48, this represents a potential upside of +90.6%. The company has a market capitalization of $925M.
Analyst price targets range from a low of $28.00 to a high of $31.00, representing a 10% spread in expectations. The median target of $29.50 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Buy, with 7 analysts rating the stock as a Buy or Strong Buy,0 rating it Hold, and 0 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, MUX trades at a trailing P/E of 14.3x and forward P/E of 15.3x. Analysts expect EPS to grow -6.2% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $12.23, with bear and bull scenarios of $7.70 and $16.11 respectively. Model confidence stands at 38/100, suggesting limited visibility into future performance.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 EXKEndeavour Silver Corp. | $2.3B | $7.84 | $17.00 | +116.8% | Buy | 11.4x | 14 |
 HLHecla Mining Company | $9.9B | $14.74 | $21.50 | +45.9% | Hold | 20.5x | 26 |
 CDECoeur Mining, Inc. | $15.9B | $15.47 | $21.50 | +39.0% | Buy | 16.1x | 21 |
 PAASPan American Silver Corp. | $17.3B | $41.17 | $62.50 | +51.8% | Buy | 12.5x | 25 |
 AGFirst Majestic Silver Corp. | $7.5B | $15.16 | $24.00 | +58.3% | Hold | 17.7x | 11 |
 AEMAgnico Eagle Mines Limited | $97.0B | $191.57 | $216.17 | +12.8% | Buy | 16.6x | 31 |
 KGCKinross Gold Corporation | $26.6B | $22.24 | $35.60 | +60.1% | Buy | 9.0x | 29 |
 AUAngloGold Ashanti plc | $47.0B | $92.99 | $109.50 | +17.8% | Buy | 10.7x | 15 |
 IAGIamgold Corporation | $10.8B | $18.76 | $22.75 | +21.3% | Buy | 9.5x | 31 |
 BTGB2Gold Corp. | $7.2B | $5.40 | $6.17 | +14.3% | Buy | 9.6x | 9 |
Quick answers to the most common questions about buying MUX stock.
The consensus Wall Street price target for MUX is $29.5, representing 90.6% upside from the current price of $15.48. With 7 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
MUX has a consensus rating of "Buy" based on 7 Wall Street analysts. The rating breakdown is predominantly bullish, with 7 Buy/Strong Buy ratings. The consensus 12-month price target of $29.5 implies 90.6% upside from current levels.
With a forward P/E of 15.2633x, MUX trades at a relatively low valuation. The consensus target of $29.5 implies 90.6% appreciation, suggesting meaningful undervaluation.
The most bullish Wall Street analyst has a price target of $31 for MUX, while the most conservative target is $28. The consensus of $29.5 represents the median expectation. Our quantitative valuation model projects a bull case target of $16 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
MUX is moderately covered, with 7 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 7 have Buy ratings, 0 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month MUX stock forecast based on 7 Wall Street analysts shows a consensus price target of $29.5, with estimates ranging from $28 (bear case) to $31 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $12, with bear/bull scenarios of $8/$16.
Our quantitative valuation model calculates MUX's fair value at $12 (base case), with a bear case of $8 and bull case of $16. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 38/100.
MUX trades at a forward P/E ratio of 15.3x based on next-twelve-months earnings estimates compared to a trailing P/E of 14.3x. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are very optimistic on MUX, with a "Buy" consensus rating and $29.5 price target (90.6% upside). 7 of 7 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
MUX analyst price targets range from $28 to $31, a 10% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $29.5 consensus represents the middle ground. Our model's $8-$16 range provides an independent fundamental perspective.
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