MUX Should I Buy
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McEwen Inc (MUX) is a good buy for a beginner investor with a long-term strategy and $50,000-$100,000 available for investment. The stock shows strong technical indicators, positive analyst sentiment, and promising project updates, despite weak recent financial performance. Given the investor's preference for long-term growth, the stock's potential in the gold and silver mining sector aligns well with their goals.
The stock is showing bullish momentum with MACD positively expanding, RSI in the neutral zone, and bullish moving averages (SMA_5 > SMA_20 > SMA_200). Key resistance levels are at R1: 27.861 and R2: 29.155, with the pre-market price at 28.26 indicating proximity to resistance levels.
Analyst upgrades with a price target increase to $30 and a Buy rating.
Strong drill results, resource updates, and acquisition of Golden Lake.
Record highs in gold and silver prices.
Positive metallurgical test results with high recovery rates for gold and silver.
Insiders are heavily selling, with a 5515.92% increase in selling activity over the last month.
Weak financial performance in Q3 2025, with declines in revenue, net income, EPS, and gross margin.
In Q3 2025, revenue dropped by 3.28% YoY to $50.53M, net income fell by 77.80% YoY to -$462K, EPS decreased by 75.00% YoY to -$0.01, and gross margin declined by 42.00% to 15.15%.
Analysts are bullish on MUX, with Roth Capital raising the price target to $30 from $23 and maintaining a Buy rating. Positive developments include strong drill results, resource updates, and the acquisition of Golden Lake.
