MUX
McEwen Inc.
NYSEUSDEQUITY
Basic Materials
DELAYED
Last price
20.59
▲ 0.32 (1.58%)
MARKET · —
Price
Open
20.45
Prev close
20.27
Day high
21.07
Day low
20.31
Volume
1.18M
Market cap
$1.24B
P/E (TTM)
16.49
52W range
10.78 – 29.70
Trailing performance
Returnvs SPY
1W
+10.53%
+11.9%
1M
+18.14%
+14.4%
3M
-2.67%
-5.8%
6M
-20.72%
-31.8%
YTD
+12.26%
-0.0%
1Y
+95.30%
+75.3%
3Y
+209.69%
+135.5%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$1.24B
Enterprise value$1.31B
Revenue (TTM)$248.44M
Gross profit$92.70M
EBITDA$28.58M
Net income$80.65M
EPS (TTM)$1.26
Free cash flow$-18.62M
Total cash$91.71M
Total debt$128.40M
Book value / share$11.83
Shares outstanding59.74M
Float51.27M
Short % of float23.99%
Dividend yield—
Beta (5Y)1.25
Valuation & profitability ratios
Trailing P/E16.49
Forward P/E5.11
PEG ratio-19.56
Price / sales—
Price / book1.76
EV / revenue5.28
EV / EBITDA45.89
Gross margin37.31%
Operating margin-5.92%
Profit margin32.46%
Return on equity13.54%
Return on assets-0.43%
Debt / equity18.17
Current ratio2.04
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Total revenue | $197.55M | $174.48M | $166.23M | $110.42M |
| Cost of revenue | $0 | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 | $0 |
| R&D | — | — | — | — |
| SG&A | — | — | — | — |
| Operating income | — | — | — | — |
| Pre-tax income | — | — | — | — |
| Tax provision | $0 | $0 | $0 | $0 |
| Net income | $34.43M | -$43.69M | $54.73M | -$81.08M |
| EBIT | $0 | $0 | $0 | $0 |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Cash & equivalents | — | — | — | — |
| Short-term investments | — | — | — | — |
| Net receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | — | — | — | — |
| Total assets | — | — | — | — |
| Total current liabilities | — | — | — | — |
| Long-term debt | — | — | — | — |
| Total liabilities | — | — | — | — |
| Retained earnings | — | — | — | — |
| Shareholder equity | — | — | — | — |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Net income | $34.43M | -$43.69M | $54.73M | -$81.08M |
| Depreciation | — | — | — | — |
| Change in working capital | — | — | — | — |
| Operating cash flow | — | — | — | — |
| Capital expenditure | — | — | — | — |
| Investing cash flow | — | — | — | — |
| Dividends paid | — | — | — | — |
| Buybacks | — | — | — | — |
| Financing cash flow | — | — | — | — |
| Net change in cash | — | — | — | — |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.32 | 0.21 | -34.2% |
| Mar 2026 | 0.39 | 0.49 | +28.4% |
| Dec 2025 | 0.13 | 0.66 | +428.0% |
| Sep 2025 | 0.28 | 0.07 | -74.9% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.38 | 1 | $51.94M | +2.8% |
| Next quarter | 0.32 | 1 | $46.85M | -27.5% |
| Current year | 1.53 | 1 | $249.01M | +26.0% |
| Next year | 4.07 | 2 | $380.51M | +52.8% |
Analyst targets & ownership
Mean target$31.00
High target$37.00
Low target$28.00
Implied upside50.56%
Analyst count5
ConsensusSTRONG BUY
Strong buy / Buy1 / 5
Hold0
Sell / Strong sell0 / 0
Held by insiders16.52%
Held by institutions63.41%
Institutions holding252
Price targets, consensus spread, insider and institutional ownership.
Insider net activity
Net shares
+1.56M
Net buying
Buy transactions
10
1.56M shares
Sell transactions
1
3.27K shares
Net transactions
+11
Buys less sells
Sell : buy shares
0.0 : 1
Mixed
Insider-held shares
10.14M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jul 27, 26 | MCEWEN ROBERT ROSS Chief Executive Officer |
STOCK | 1.53M | $0 | Direct |
| Jun 29, 26 | BRISSENDEN RICHARD WILLIAM Director |
SELL | 3.27K | $59.37K | Direct |
| Jun 29, 26 | SHAVER WILLIAM M Chief Operating Officer |
— | 21.89K | — | Direct |
| Jun 29, 26 | BRISSENDEN RICHARD WILLIAM Director |
CONVERSION | 8.33K | $59.16K | Direct |
| Jun 29, 26 | ING PERRY Y Chief Financial Officer |
— | 1.50K | — | Direct |
| Jun 29, 26 | BALL IAN J Director |
— | 160 | — | Direct |
| Jun 26, 26 | DIGES CARMEN L General Counsel |
CONVERSION | 1.30K | $23.40K | Direct |
| Jun 26, 26 | CHAN JEFFREY Officer |
— | 836 | — | Direct |
| Jun 26, 26 | SPEARS STEPHAN MICHAEL SEYDEGART Officer |
CONVERSION | 1.20K | $21.60K | Direct |
| Jun 5, 26 | KASZAS STEPHEN DOUGLAS Director |
BUY | 1.00K | $18.36K | Direct |
| Dec 19, 25 | ING PERRY Y Chief Financial Officer |
— | 4.53K | — | Direct |
| Dec 19, 25 | DIGES CARMEN L General Counsel |
CONVERSION | 3.37K | $65.21K | Direct |
| Dec 19, 25 | SHAVER WILLIAM M Chief Operating Officer |
— | 20.41K | — | Direct |
| Dec 19, 25 | CHAN JEFFREY Officer |
— | 863 | — | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BALL IAN J |
Director | 320 | Conversion of Exercise of derivative security |
BRISSENDEN RICHARD WILLIAM |
Director | 18.02K | Sale |
CHAN JEFFREY |
Officer | 4.78K | Conversion of Exercise of derivative security |
DARVEAU-GARNEAU NICOLAS |
Director | 2.29K | Purchase |
DIGES CARMEN L |
General Counsel | 0 | Conversion of Exercise of derivative security |
ING PERRY Y |
Chief Financial Officer | 48.09K | Conversion of Exercise of derivative security |
KASZAS STEPHEN DOUGLAS |
Director | 1.62K | Purchase |
MCEWEN ROBERT ROSS |
Chief Executive Officer | 9.80M | Stock Award(Grant) |
SHAVER WILLIAM M |
Chief Operating Officer | 171.09K | Conversion of Exercise of derivative security |
SPEARS STEPHAN MICHAEL SEYDEGART |
Officer | 0 | Conversion of Exercise of derivative security |
Moving averages & technicals
SMA 10
19.33
+6.50% from price
SMA 20
18.66
+11.34% from price
SMA 50
18.32
+13.46% from price
SMA 100
20.33
+1.27% from price
SMA 200
20.94
-0.77% from price
EMA 12
19.33
+6.52% from price
EMA 26
18.82
+9.39% from price
EMA 50
18.95
+8.64% from price
RSI (14)
64.2
Neutral
MACD (12,26,9)
0.51
Hist 0.24
ATR (14)
1.06
5.12% of price
Realised vol 30D
59.2%
Annualised
Bollinger upper
20.81
20, 2σ
Bollinger lower
16.52
20, 2σ
50 / 200 cross
Death
18.32 vs 20.94
Trend bias
Below 200
-0.77%
Risk profile
Beta vs SPY
2.27
More volatile than market
Correlation to SPY
0.43
Loosely linked
Realised vol 30D
59.2%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-43.6%
Peak to trough
Max drawdown 5Y
-75.9%
Peak to trough
ATR 14
1.06
5.12% of price
Beta (reported)
1.25
5Y monthly, from filing
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
0.39
Call-heavy session
Put / call open interest
0.06
Positioning, not flow
Max pain
18.00
-13.4% from spot
ATM implied vol
62.1%
Nearest strike to spot
Skew (10% OTM)
+0.7%
Puts bid over calls
Call volume
1.23K
Contracts, this expiry
Put volume
476
Contracts, this expiry
Heaviest call OI
22.00
1.93K contracts
Heaviest put OI
18.00
74 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Headlines
Goliath Reports Multiple Holes Up To 7.38 g/t AuEq Over 35.7 Meters, Including 19.51 g/t AuEq Over 8.32 Meters at the High-Grade Gold Surebet Discovery that Remains Open for Expansion, Golden Triangle, B.C.
GlobeNewswire · 1d ago
McEwen (MUX) Q2 2026 Earnings Call Transcript
Motley Fool · 9d ago
Goliath Intercepts Up To 10.32 g/t Au Over 6.00 Meters Within The New 320 Meter Expansion Area Of Golden Gate Zone To The Northeast, Remains Open, On High-Grade Gold Surebet Discovery, Golden Triangle, B.C.
GlobeNewswire · 11d ago
TNR Gold NSR Royalty Update - McEwen Provides Update on NSR Royalty on Los Azules Copper
TMX Newsfile · 12d ago
McEwen Q2 Earnings Call Highlights
MarketBeat · 14d ago
Is McEwen (MUX) Undervalued Following Its 2026 Production Guidance Update?
Simply Wall St. · 15d ago
Profit Turnaround and New Guidance Could Be A Game Changer For McEwen (MUX)
Simply Wall St. · 16d ago
McEwen Inc (MUX) (Q2 2026) Earnings Call Highlights: Navigating Operational Headwinds at Gold ...
GuruFocus.com · 16d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.