H.C. Wainwright Maintains Buy Rating on McEwen (MUX), Sets $21.50 PT

McEwen Mining Inc. (NYSE:MUX) is one of the best silver mining stocks to invest in right now. On November 7, H.C. Wainwright maintained a Buy rating and a $21.50 per share price target on McEwen Mining Inc. (NYSE:MUX) stock. The analyst, Heiko Ihle, rested his thesis on McEwen’s steps toward growth and building value, driven by high metal prices and wins in exploration work. Ihle sees the company making good use of current strong gold and silver prices to improve cash flow, even with some dips in output, and likes how ongoing drilling at key sites sets up bigger production down the line.

Separately, McEwen reported Q3 2025 earnings on November 6 in which it posted $50.5 million in total revenue. This figure undershot analyst estimates by 23.55%, with management attributing this to lower production volumes that reduced gold equivalent ounces (GEOs) sold to 14,968 from 21,350 a year earlier. As a result, the company recorded a net loss of $500,000 ($0.01 per share), which is still an improvement from the $2.1 million loss in Q3 2024. Management noted that higher metal prices cushioned the impact of operational shortfalls.

McEwen Inc. (formerly McEwen Mining Inc. (NYSE:MUX)) is a Canadian-headquartered mining company focused on precious metals, particularly gold and silver, and also copper. The company has production, development, and exploration projects across Argentina, Mexico, and the United States.

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Disclosure: None. This article is originally published at Insider Monkey.