What Makes McEwen (MUX) a New Buy Stock

Core Viewpoint - McEwen Mining (MUX) has been upgraded to a Zacks Rank 2 (Buy) due to a significant upward trend in earnings estimates, which is a strong indicator of potential stock price movements [1][2]. Earnings Estimates and Stock Price Impact - Changes in a company's future earnings potential, as indicated by earnings estimate revisions, are strongly correlated with near-term stock price movements [3]. - Institutional investors utilize earnings estimates to determine the fair value of a company's shares, influencing their buying and selling decisions, which in turn affects stock prices [3]. McEwen's Earnings Outlook - The recent increase in earnings estimates for McEwen signifies an improvement in the company's underlying business, which is expected to positively influence its stock price [4]. - For the fiscal year ending December 2025, McEwen is projected to earn $0.10 per share, with a remarkable increase of 766.7% in the Zacks Consensus Estimate over the past three months [7]. Zacks Rank System - The Zacks Rank stock-rating system classifies stocks based on earnings estimates and has a proven track record, with Zacks Rank 1 stocks averaging an annual return of +25% since 1988 [6]. - The upgrade of McEwen to a Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating strong potential for market-beating returns in the near term [9].