McEwen Inc. (MUX) Stock Price & Analysis
McEwen Inc. (MUX) closed at USD 14.63 on Friday, October 23, 2026, down 1.81% on the day. The US market is currently closed (after-hours); this is not a live price.
The prior close was USD 14.9; the Oct 23, 2026 session ranged USD 14.08–14.8 on volume of 814,389 shares. Market capitalization is $874.00M, with a 52-week range of USD 14.08–29.7 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 20:44 UTC.
Also available as compact Markdown for AI agents: nexqual.com/MUX.md
Key facts (MUX)
- Last four reported quarters (through Jun 30, 2026): revenue $248M, net income $80.6M (32.5% margin) (SEC filings).
- Valuation: P/E 10.8x (avg 20.7x at the last 2 fiscal year-ends), EV/EBITDA 9.8x, net debt $34.9M.
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $59K; 1 not under a Rule 10b5-1 plan ($59K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $18K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 1.83 on a 1–5 scale) (6 analysts), mean target USD 31.2 (range 28–37).
- Total return with dividends: 1Y -25.4% vs S&P 500 +13.4%; 5Y +33.0% vs S&P 500 +76.9%.
- Next earnings: 2026-11-04, EPS estimate USD 0.09, revenue estimate $53.1M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (MUX)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $137M | $110M | $166M | $174M | $198M | $248M |
| Gross profit | -$6.5M | -$544K | $17.8M | $30.9M | $47.6M | — |
| Operating income | -$64.3M | -$95.4M | -$162M | -$50.6M | $2.7M | $62.6M |
| Net income | -$56.7M | -$81.1M | $55.3M | -$43.7M | $34.4M | $80.6M |
| EPS (diluted) | -$1.25 | -$1.71 | $1.16 | -$0.86 | $0.59 | — |
| Gross margin | -4.7% | -0.5% | 10.7% | 17.7% | 24.1% | — |
| Operating margin | -47.1% | -86.4% | -97.5% | -29.0% | 1.3% | 25.2% |
| Net margin | -41.5% | -73.4% | 33.3% | -25.0% | 17.4% | 32.5% |
| Revenue growth | +30.3% | -19.1% | +50.5% | +5.0% | +13.2% | — |
| Cash + short-term investments | $54.3M | $39.8M | $24.8M | $15.3M | $72.1M | — |
| Total debt | $48.9M | $74.0M | $40.0M | $52.0M | $126M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (MUX)
P/E 10.8x · P/S 3.5x · EV/EBITDA 9.8x · EV/Sales 3.7x · P/B 1.2x · Earnings yield 9.23% · Net debt $34.9M · EV $909M
P/E at fiscal year-ends: Dec 2025 35.2x, Dec 2023 6.2x.
Insider sales (SEC Form 4, open-market, last ~7 months) (MUX)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-06-29 | Brissenden Richard W. | Director | 3,275 | $59K | 15.4% | No | Too little history (no open-market trades in 2023 or 2024) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Insider purchases (SEC Form 4, open-market, last ~7 months) (MUX)
1 purchase, $18K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-06-05 | Kaszas Stephen Douglas | Director | 1,000 | $18K | 18.36 | Too little history (no open-market trades in 2023–2025) |
Analysts (MUX)
Consensus Buy (mean 1.83 on a 1–5 scale), 6 analysts; mean target USD 31.2 (low 28, high 37).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-10 | Roth Capital | Target lowered | Buy | $35 → $31 |
| 2026-08-07 | HC Wainwright & Co. | Target lowered | Buy | $29.5 → $28 |
Total return (dividends reinvested) (MUX)
| 1Y (from 2025-10-24) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | -25.4% | +33.0% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | -25.4% | +5.9% |
| Volatility (annualized) | 64.5% | 60.9% |
| Max drawdown | -49.6% (Jan 2026→Oct 2026) | -75.4% (Nov 2021→Aug 2022) |
MUX suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Auramet International | “During the year ended December 31, 2025, in respect of our 100% owned mines, 32% of our sales were made to Asahi and 66% of our sales were made to Auramet, with the remaining 2% made to other customers.” |
| Customer | Minera Santa Cruz | “If our customer relationships or MSC's customer relationships were interrupted for any reason, we believe that we or MSC could locate other purchasers for our products.” |
| Partner | Hochschild Mining PLC (HCHDF) | “Our joint venture partner, a subsidiary of Hochschild Mining plc ("Hochschild"), and its affiliates other than MSC do not accept responsibility for the use of project data or the adequacy or accuracy of this information.” |
| Partner | NV Gold Corp (NVGLF) | “Under the terms of the agreement with Auramet, we have an option to sell up to 100% of the gold and silver contained in doré bars produced at the Gold Bar Mine Complex and Fox Complex prior to the completion of refining.” |
| Partner | McEwen Copper | “Further, our participation in the joint venture with Hochschild for the 49.0% interest held at MSC, and 46.3% ownership in McEwen Copper as of December 31, 2025, each creates additional risks because, among other things, we do not exercise decision-making power over the day-to-day activities at MSC or McEwen Copper; however, implications from our partner's decisions may result in us having to provide additional fu…” |
Quoted from the company's 10-K filed Mar 17, 2026.
MUX company outlook (results filed Aug 7, 2026)
- “Full-year 2026 production guidance was updated to 109,000 - 120,000 GEOs , including our attributable production from our 49%-owned San José mine and assuming a 77:1 silver-to-gold ratio.”
- “Our production guidance does not include early pre-commercial production from the Stock mine.”
- “Consolidated costs per ounce guidance ranges have been updated, at $2,200 to $2,450 for cash costs, and $2,500 to $2,750 for AISC.”
- “Q2 2026 Production and Costs 1 , Comparatives from Q2 2025 and 2026 Annual Guidance Q2 H1 Full Year 2026 2026 2025 2026 2025 Revised Guidance Consolidated Production GEOs (2) (3) 13,852 13,835 29,741 27,042 109,000 – 120,000 Gold Bar Mine Complex, Nevada GEOs 5,842 8,406 13,726 16,094 30,000 – 33,000 Cash Costs/GEO $ 2,705 $ 1,679”
Quoted word-for-word from the SEC 8-K results press release.
MUX analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.09 | $0.00 | — | $53.1M | 1 |
| Next quarter (ends Dec 2026) | $0.10 | $0.22 | -52.3% | $48.1M | 2 |
| Current fiscal year (ends Dec 2026) | $1.44 | $2.21 | -34.8% | $251.3M | 1 |
| Next fiscal year (ends Dec 2027) | $3.25 | $3.40 | -4.4% | $354.2M | 2 |
MUX options: expected move
Options price a move of about ±16.0% (±$2.30) by Nov 20, 2026, which includes earnings on Nov 4, 2026. Over the last 8 reports the stock moved ±6.6% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 71.6% | ±16.0% |
| Dec 18, 2026 | 56 | 69.2% | ±21.7% |
| Jan 15, 2027 | 84 | 66.7% | ±25.2% |
| Feb 19, 2027 | 119 | 66.1% | ±29.9% |
| May 21, 2027 | 210 | 68.2% | ±41.2% |
| Aug 20, 2027 | 301 | 69.8% | ±51.3% |
| Nov 19, 2027 | 392 | 70.1% | ±58.1% |
30-day implied volatility 65.8% vs 51.9% realized over the last 30 trading days. Put/call ratio (volume) 0.26. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 20:44 UTC)
| Price | USD 14.63 |
|---|---|
| Change | ▼ 1.81% (down) |
| Previous Close | USD 14.9 |
| Open | USD 14.75 |
| Day Range | USD 14.08 – 14.8 |
| 52-Week Range | USD 14.08 – 29.7 |
| Volume | 814,389 shares |
| Market Cap | $874.00M |
| Exchange | NYQ |
Technical Analysis (MUX)
Nexqual's technical model rates MUX "SELL" based on 3 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 20:44 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 26.09 (oversold) |
| vs SMA50 | Below (USD 18.56) |
| MACD | -0.96 (negative) |
Analyst Ratings (MUX)
Wall Street analysts rate MUX "Buy" based on 6 analysts, with a mean price target of USD 31.2 (range USD 28–37), per Nexqual as of October 23, 2026 at 20:44 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 6 |
| Mean Target | USD 31.2 |
| High Target | USD 37 |
| Low Target | USD 28 |
| Buy / Hold / Sell | 6 / 0 / 0 |
Earnings (MUX)
| Next Earnings Date | 2026-11-04 |
|---|---|
| EPS Estimate | USD 0.09 |
| Revenue Estimate | $53.09M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.21 vs est 0.32 ▼ miss |
| 2026-03-31 | USD 0.49 vs est 0.39 ▲ beat |
| 2025-12-31 | USD 0.66 vs est 0.13 ▲ beat |
| 2025-09-30 | USD 0.07 vs est 0.28 ▼ miss |
Source: Nexqual, October 23, 2026 at 20:44 UTC.
Financials & Fundamentals (MUX)
| Total Revenue | $248.44M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +26.80% |
| Gross Margin | +37.31% |
| Operating Margin | -5.92% |
| Profit Margin | +32.46% |
| ROE | +13.54% |
| Debt / Equity | 0.18 |
| Current Ratio | 2.04 |
| Total Cash | $91.71M |
| Total Debt | $128.40M |
Source: Nexqual, October 23, 2026 at 20:44 UTC.
Financial Health Score (MUX)
Nexqual rates McEwen Inc.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 20:44 UTC.
| Growth | Solid — Revenue +13% YoY (annual) |
|---|---|
| Profitability | Weak — Gross margin 37%, operating -6% (last 12 months) |
| Balance Sheet | Strong — $92M cash and investments vs $127M debt (Jun 2026, SEC) |
| Cash Flow | Solid — Operating cash flow $7M (FY ended Dec 2025, 10-K) |
| Efficiency | Mixed — ROE 14%, ROA -0.4% |
Ownership (MUX)
| Insider Ownership | +16.52% |
|---|---|
| Institutional Ownership | +63.48% |
| Shares Outstanding | 59.74M |
| Float | 51.27M |
| Short % of Float | +20.01% |
Source: Nexqual, October 23, 2026 at 20:44 UTC.
Leadership (MUX)
McEwen Inc. is led by Robert Ross McEwen, Chairman, CEO, President & Chief Owner, per Nexqual as of October 23, 2026 at 20:44 UTC.
| Chairman, CEO, President & Chief Owner | Robert Ross McEwen |
|---|---|
| Executive Vice-Chairman | Ian J. Ball B.Com. |
| Chief Financial Officer | Perry Y. Ing B.Com., C.A., C.F.A. |
Major Backers & Investors (MUX)
Notable institutional backers of McEwen Inc. include Mirae Asset Global ETFs Holdings Ltd., Van Eck Associates Corporation, Tidal Investments LLC, according to Nexqual as of October 23, 2026 at 20:44 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Mirae Asset Global ETFs Holdings Ltd. | 3.35% |
| Van Eck Associates Corporation | 2.48% |
| Tidal Investments LLC | 2.41% |
| GLOBAL X FUNDS-Global X Silver Miners ETF | 2.34% |
| Amplify ETF Trust-Amplify Junior Silver Miners ETF | 2.13% |
| VanEck ETF Trust-VanEck Junior Gold Miners ETF | 1.7% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 7.74% |
| State Street | 6.93% |
| Geode Capital | 2.34% |
| Dimensional Fund Advisors | 2.22% |
Source: Nexqual, October 23, 2026 at 20:44 UTC.
Legal & Regulatory Risks from McEwen Inc.'s Latest 10-K (filed 2026-03-17)
- Failure of the Company to maintain compliance with the NYSE or TSX listing requirements could result in delisting of its common stock, which in turn could adversely affect its future financial condition and the market for its common stock.
- The laws of the State of Colorado, our Articles of Incorporation and agreements with certain officers and directors may protect our directors from certain types of lawsuits.
Source: SEC EDGAR 10-K, Item 1A, official filing.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| VMET | Versamet Royalties Corporation | USD 8.23 | ▲ 1.11% |
| ASM | Avino Silver & Gold Mines Ltd. | USD 4.64 | ▼ 2.73% |
| SLSR | Solaris Resources Inc. | USD 6.65 | ▲ 1.06% |
| MTA | Metalla Royalty & Streaming Ltd | USD 7.29 | ▼ 2.41% |
| SIND | Sinda Ltd. | USD 11.77 | ▲ 2.71% |
| ITRG | Integra Resources Corp. | USD 2.21 | ▼ 2.21% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 20:44 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt