Analysts' Revenue Estimates For McEwen Inc. (NYSE:MUX) Are Surging Higher

Celebrations may be in order for McEwen Inc. (NYSE:MUX) shareholders, with the analysts delivering a significant upgrade to their statutory estimates for the company. The consensus estimated revenue numbers rose, with their view now clearly much more bullish on the company's business prospects.

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Following the upgrade, the current consensus from McEwen's four analysts is for revenues of US$306m in 2026 which - if met - would reflect a sizeable 84% increase on its sales over the past 12 months. Prior to the latest estimates, the analysts were forecasting revenues of US$257m in 2026. The consensus has definitely become more optimistic, showing a nice increase in revenue forecasts.

See our latest analysis for McEwen

There was no particular change to the consensus price target of US$23.20, with McEwen's latest outlook seemingly not enough to result in a change of valuation.

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. It's clear from the latest estimates that McEwen's rate of growth is expected to accelerate meaningfully, with the forecast 63% annualised revenue growth to the end of 2026 noticeably faster than its historical growth of 11% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 7.8% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect McEwen to grow faster than the wider industry.

The Bottom Line

The highlight for us was that analysts increased their revenue forecasts for McEwen next year. Analysts also expect revenues to grow faster than the wider market. Given that analysts appear to be expecting substantial improvement in the sales pipeline, now could be the right time to take another look at McEwen.

That's a pretty serious upgrade, but shareholders might be even more pleased to know that forecasts expect McEwen to be able to reach break-even within the next few years. For more information, you can click through to our free platform to learn more about these forecasts.

Of course, seeing company management invest large sums of money in a stock can be just as useful as knowing whether analysts are upgrading their estimates. So you may also wish to search this free list of stocks with high insider ownership.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.