McEwen (NYSE:MUX) Shares Gap Up - Should You Buy?

McEwen Inc. (NYSE:MUX - Get Free Report) TSE: MUX shares gapped up prior to trading on Monday . The stock had previously closed at $19.35, but opened at $20.30. McEwen shares last traded at $20.1450, with a volume of 192,334 shares trading hands.Wall Street Analyst Weigh InSeveral equities analysts have recently commented on MUX shares. Roth Capital reaffirmed a "buy" rating and set a $23.00 price target (up previously from $21.00) on shares of McEwen in a research report on Wednesday. HC Wainwright upped their price target on McEwen from $17.00 to $21.50 and gave the company a "buy" rating in a research report on Friday, October 10th. Weiss Ratings reiterated a "sell (d+)" rating on shares of McEwen in a research note on Monday, December 15th. Finally, Canaccord Genuity Group set a $25.00 price target on shares of McEwen and gave the stock a "buy" rating in a research report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, McEwen has a consensus rating of "Moderate Buy" and an average target price of $20.50.Check Out Our Latest Report on McEwenMcEwen Trading Up 2.9%The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.58 and a current ratio of 2.10. The business has a 50 day simple moving average of $18.60 and a 200-day simple moving average of $14.30. The stock has a market capitalization of $1.08 billion, a P/E ratio of -90.68 and a beta of 1.06. McEwen (NYSE:MUX - Get Free Report) TSE: MUX last released its earnings results on Wednesday, November 5th. The basic materials company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.31 by ($0.32). McEwen had a negative return on equity of 2.45% and a negative net margin of 7.16%.The business had revenue of $50.53 million during the quarter, compared to the consensus estimate of $60.00 million. On average, analysts predict that McEwen Inc. will post -0.72 EPS for the current year. Hedge Funds Weigh In On McEwenSeveral institutional investors and hedge funds have recently bought and sold shares of MUX. CoreCap Advisors LLC bought a new stake in shares of McEwen during the 3rd quarter worth about $27,000. National Bank of Canada FI lifted its position in McEwen by 3,328.3% in the third quarter. National Bank of Canada FI now owns 3,634 shares of the basic materials company's stock worth $62,000 after purchasing an additional 3,528 shares during the period. Tower Research Capital LLC TRC increased its holdings in McEwen by 17,204.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,556 shares of the basic materials company's stock valued at $101,000 after buying an additional 10,495 shares during the period. Pale Fire Capital SE acquired a new stake in shares of McEwen during the 2nd quarter valued at about $119,000. Finally, Everstar Asset Management LLC bought a new stake in McEwen in the first quarter valued at about $128,000. Hedge funds and other institutional investors own 17.03% of the company's stock. About McEwen (Get Free Report)McEwen Mining Inc NYSE: MUX is a Canada-based precious metals company focused on the exploration, development and production of gold, silver and copper. Headquartered in Toronto, the company pursues a diversified portfolio of assets across the Americas, with operations and projects spanning Argentina, Mexico, Canada and the United States. McEwen Mining employs an integrated approach that combines in-house technical expertise with strategic partnerships to advance its assets from resource definition through to commercial production. The company's flagship producing asset is the San José mine in Argentina, a high-grade silver-gold operation.Featured StoriesFive stocks we like better than McEwenThe Fed Pivot Signal Smart Money’s Been Waiting ForThis AI–Quantum Company Expects to Hit $274M in Revenue for 2025Wall Street Stock picker Names #1 Stock of 2026Do not delete, read immediatelyBuffett, Gates and Bezos Quietly Dumping Stocks—Here's WhyThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in McEwen Right Now?Before you consider McEwen, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and McEwen wasn't on the list.While McEwen currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here