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McEwen Inc.

MUX

Last
$17.88
Day
+3.2%
1y
-9.1%
5y
+63.4%
52w
-41.7%
SPY YTD
+13.3%
XLB
+6.8%
Earnings
2026-11-0425d
EMA 21
18.27
EMA 50
18.77
EMA 200
19.23
20d high
-14.6%
5y high
-41.7%
5y range
54th
Website · 1,981 employees · Canada

Positions held

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Score
-27
Hold
avoid
Signal
Strong Sell
Target
$18.76
Stop
$16.12
Stop distance
9.8%
Target vs last
+4.9%

Bull / bear case

Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.

Bull case
  • McEwen Inc. operates in the precious metals sector, which has historically shown resilience during economic downturns as investors seek safe-haven assets.
  • The company's revenue grew by 26.8% year-over-year, indicating a positive trend in sales performance.
  • Despite recent challenges, McEwen's net income for 2026-Q1 was $33.379 million, showcasing potential for profitability.
Bear case
  • The company has a high operating margin compression, with a recent operating margin of -5.8%, indicating ongoing operational challenges.
  • McEwen's current score is a 'Strong Sell' with a score of -24.00, reflecting negative market sentiment.
  • In 2026-Q2, revenue dropped by 20% compared to the prior quarter, falling from $74 million to $59 million.

Fundamentals

Market cap$1.03BEnterprise value$1.10BTrailing P/E13.75Forward P/E4.35
PEG-19.56Price / book1.46Beta1.26Dividend yield0.00%
Revenue growth26.8%Earnings growth156.0%Gross margin37.3%Operating margin-5.9%
Profit margin32.5%ROE13.5%ROA-0.4%Debt / equity0.18
Current ratio2.04Free cash flow-$18.62MAnalyst recommendationnoneMean target$31.20
52w high$29.7052w low$14.93

Quarterly

2026-Q22026-Q12025-Q42025-Q32025-Q22025-Q1
Revenue$59.2M$74.0M$64.6M$50.5M$46.7M—
Op margin-5.8%14.7%-8.9%-15.1%0.0%—
Net income$9.6M$33.4M$38.1M-$0.5M$3.0M—
Gross margin33.9%42.5%26.9%15.5%26.3%—
Gross profit$20.1M$31.5M$17.4M$7.8M$12.3M—
Operating income-$3.4M$10.9M-$5.7M-$7.6M$0.0M—
  • Revenue -20% vs prior quarter ($59M vs $74M).
  • Gross margin 33.9% (was 42.5% prior quarter).
  • Operating margin compressed to -5.8%.

Yearly (6y)

20252024202320222021
Revenue$198M$174M$166M$110M—
Op margin-6.5%-7.2%-62.7%-88.9%—
Net income$34.4M-$43.7M$55.3M-$81.1M—
Gross margin24.1%17.7%10.7%-0.5%—
Gross profit$47.6M$30.9M$17.8M-$0.5M—
Operating income-$12.9M-$12.6M-$104M-$98.2M—
Headline scan

No flags

• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).

News

2026-10-07 · Goliath Reports Several Holes, Up To 9.89 g/t AuEq Over 12.00 Meters From Surebet Zone Confirming Continuity, As Well As 24.97 Meters Of 0.70 g/t AuEq From Newly Identified And Extensive Big Bulk Zone, Golddigger Property, Golden Triangle, B.C.

2026-09-30 · McEwen Highlights Los Azules Copper Growth Strategy, Sees Market Value Gap

2026-09-27 · McEwen (MUX) Stock Still Looks Like A Bargain On Earnings

2026-09-27 · McEwen (MUX) Rebrand Draws Fresh Attention, Is The Stock Still 41% Undervalued?

2026-09-22 · Goliath Successfully Completes 48,443 Meters Of Drilling in 97 Drill Holes in 94 Days, With A 100% Hit Rate And Expands Footprint Of High-Grade Surebet Gold Discovery To 2.01 Km2 That Remains Open, Golddigger Property, Golden Triangle, B.C.

2026-09-18 · Goliath Drills Up To 9.12 g/t AuEq Over 11.27 Meters With Visible Gold And Expands Bonanza Zone At The High-Grade Gold Surebet Discovery That Remains Open For Expansion, Golden Triangle, B.C.

2026-09-17 · Nevada's Oxide Gold Districts Are Being Redrilled for a Second Metal

2026-09-16 · Goliath Reports Multiple Holes With Visible Gold And Up To 13.81 g/t Au Over 4.85 Meters From Golden Gate Zone, 5.27 g/t AuEq Over 9.85 Meters From Surebet Zone At The High-Grade Gold Surebet Discovery that Remains Open for Expansion, Golden Triangle, B.C.

2026-09-10 · TNR Gold royalty project Los Azules advances as McEwen Copper secures $240M term loan

2026-09-10 · TNR Gold NSR Royalty Update - McEwen Copper Completes US$240 Million Term Loan to Advance Los Azules Toward Final Investment Decision

2026-09-10 · Goliath Intersects 26.80 g/t Au Over 2.30 Meters Within 14.28 g/t Au Over 4.32 Meters From The New Volcanic Wedge Zone Between The Bonanza And Golden Gate Zones That Remains Open For Expansion, On The High-Grade Gold Surebet Discovery, Golden Triangle, B.C.

2026-09-08 · Lahontan Strengthens Technical, Engineering, and Business Development Team

MUX · daily-13.8% over 13 sessions
Close EMA21 EMA50 EMA200
16.7517.6718.5919.5220.442026-092026-092026-092026-092026-102026-102026-10
Quarterly · revenue, net income, margins
Revenue Net income Gross margin Op margin
-$0M$18M$37M$55M$74M-15%14%43%2025-Q22025-Q32025-Q42026-Q12026-Q2