McEwen Inc. MUX

19.02 0.36 1.93% as of 25 Sep
Market cap
$1.1B
P/E
13.9×
Growth Flags show if company had growth for consecutive years,
Insider Buys alert about insiders buying in the last 12 month

Insider Decisions

Total buys 0.02
Total sells 0.06
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — 1 — — —
Sell — — — — — — — — 1 — — —
Insider Ownership 15.00%

Capital & Financial Ratios

Market Cap 1,140.00
Revenue 248.44
Net Income 80.65
Free Cash Flow 6.34
Net Debt 34.86
Current Ratio 2.04
Debt/Equity 0.18
P/E ratio 13.88
P/S ratio 4.59
P/B ratio 1.61
Past 5Y EPS Growth 12.31%
This Y EPS Growth 61.46%
Next Y EPS Growth 145.36%
Next 5Y EPS Growth 84.26%
in millions of $

Dividends

Payout Ratio 0.00
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 0.05
0.05
2018 0.10
0.05
0.05
2017 0.10
0.05
0.05
2016 0.10
0.05
0.05
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 25 15 72 92
Receivables 8 8 9 11
Inventory 20 18 27 27
Other — — — —
53 41 108 130
2023 2024 2025 Q'26
Payables 23 28 45 41
ST’ Debt — — — 6
Other 5 14 15 15
30 48 64 64
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 10.47% 13.52% 21.40%
Cash Flow (7.88%) 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value 2.70% 8.38% 15.31%

Revenue

Mar Jun Sep Dec Year
’26 74 59 — — —
’25 36 47 51 65 198
’24 41 47 52 34 174
’23 35 34 38 59 166
’22 26 31 26 28 110
’21 24 41 37 35 137
’20 31 18 27 28 105
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 12 46 — — —
’25 (2) 0 5 3 7
’24 4 4 23 (1) 29
’23 (19) (34) (2) 16 (40)
’22 (16) (37) (10) 6 (57)
’21 (10) 2 (11) (1) (20)
’20 (12) (8) (5) (3) (28)
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 (2) 21 — — —
’25 (16) (9) (6) (7) (38)
’24 (1) (3) 4 (14) (14)
’23 (24) (38) (12) 8 (66)
’22 (20) (41) (19) (1) (81)
’21 (20) (8) (19) (7) (54)
’20 (17) (11) (6) (7) (41)
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 0.47 0.14 — — —
’25 (0.12) 0.06 (0.01) 0.66 0.59
’24 (0.41) (0.26) (0.04) (0.15) (0.86)
’23 (0.91) (0.46) (0.39) 2.90 1.15
’22 (0.40) (0.26) (0.21) (0.79) (1.71)
’21 (0.30) (0.10) (0.40) (0.50) (1.20)
’20 (2.50) (0.50) (0.20) (0.60) (3.80)
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
9.65 18.20 16.80 10.20 5.30 8.00 2.81 5.39 5.92 6.38

Analyst estimates 2026–2028

Powerpack
Low Price
49.20 44.30 25.50 21.40 15.30 17.10 10.20 10.00 12.50 24.88
High Price
293 535 427 448 377 430 520 575 424 486
Employees
0 0 0 0 0 0 0 0 0 0
Revenue/Emp
60 67 128 117 105 137 110 166 174 198
Revenue
53.41% 29.76% 25.03% 7.68% (25.72%) (4.75%) (0.49%) 10.70% 17.73% 24.08%
Gross Margin
17 (26) (48) (64) (154) (64) (80) 67 (47) 7
EBT
28.66% (38.54%) (37.17%) (54.34%) (146.69%) (47.02%) (72.71%) 40.33% (26.79%) 3.52%
EBT Margin
21 (11) (45) (60) (152) (57) (86) 33 (44) 34
Net Income
4 7 16 26 23 25 20 30 31 29
Depreciation
2.02 2.15 3.80 3.23 2.60 3.00 2.33 3.50 3.42 3.66
Revenue/Sh
0.70 (0.30) (1.30) (1.70) (3.80) (1.20) (1.71) 1.15 (0.86) 0.64
Earnings/Sh
0.25 (0.88) 0.01 (1.09) (0.69) (0.44) (1.19) (0.83) 0.58 0.13
Cash Flow/Sh
(0.21) (0.27) (2.41) (0.82) (0.33) (0.76) (0.51) (0.55) (0.84) (0.83)
Capex/Sh
0.04 (1.15) (2.39) (1.91) (1.02) (1.20) (1.70) (1.38) (0.27) (0.70)
Free CF/Sh
14.83 16.61 14.41 13.80 9.05 8.57 7.51 10.57 9.70 10.11
Book Value/Sh
30 31 34 36 40 45 47 48 51 54
Shares
47.00 0.00 0.00 0.00 0.00 0.00 0.00 6.20 0.00 31.37
PE Ratio
16.03 11.45 4.79 3.93 3.79 2.96 2.65 2.02 2.28 5.06
PS Ratio
2.19 1.48 1.26 0.92 1.09 1.03 0.82 0.67 0.80 1.83
PB Ratio
15.32 10.83 4.94 3.94 4.08 2.92 2.85 2.12 2.47 5.38
EV/Sales
721.30 (20.19) (7.84) (6.65) (10.36) (7.33) (3.90) (5.36) (31.57) (28.15)
EV/FCF
7 (28) 0 (40) (28) (20) (57) (40) 29 7
Op' Cash Flow
(6) (9) (81) (30) (13) (34) (24) (26) (43) (45)
Capex
1 (36) (81) (69) (41) (54) (81) (66) (14) (38)
FCF
58 49 23 43 8 33 (3) 23 (7) 44
Working Cap'
— 1 51 50 51 54 64 40 40 126
Total Debt
(46) (45) 17 1 30 (4) 23 15 25 54
Net Debt
443 521 486 499 365 390 356 502 495 546
Sh' Equity
4.33% (1.95%) (7.42%) (9.57%) (26.93%) (11.06%) (15.38%) 9.33% (6.61%) 4.64%
ROA
2.42% (3.45%) (5.86%) (7.98%) (24.23%) (10.41%) (15.73%) (19.57%) (6.08%) 0.28%
ROIC
4.89% (2.21%) (8.91%) (12.13%) (35.23%) (15.02%) (21.73%) 12.88% (8.76%) 6.61%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

McEwen Inc. (MUX) key facts

  • McEwen Inc. (MUX) is an Other Precious Metals & Mining company in the Basic Materials sector, listed on the New York Stock Exchange.
  • McEwen Inc.’s revenue for fiscal 2025 (year ended December 2025) was $197.6 million, up 13.2% from fiscal 2024.
  • Net income was $34.4 million, or $0.64 per share (basic), a net margin of 17.4%.
  • As of September 25, 2026, MUX traded at $19.02, a market capitalization of $1.1 billion.
  • At that price the stock trades at 13.9× trailing-twelve-month earnings and 4.6× sales.
  • Return on equity was 6.61% and debt-to-equity 0.18.

Source: company filings (standardised) and stockrow calculations.

McEwen Inc. (MUX) Latest News

News by impact score

Fine-tune

18 Sep

3

Goliath reports drill intercepts up to 9.12 g/t AuEq over 11.27 meters with visible gold, expanding the Bonanza Zone at the Surebet high-grade gold discovery in Golden Triangle, B.C., which remains open. Drill results expand a gold zone but represent incremental exploration progress unlikely to shift company fundamentals immediately.

17 Sep

3

McEwen Inc. redrills Nevada oxide gold districts to target a second metal in addition to gold. Redrilling for an additional metal may expand resources and support moderate operational gains at McEwen.

10 Sep

4

McEwen Copper secures $240M term loan advancing TNR Gold royalty project at Los Azules. Major loan financing directly advances Los Azules project tied to McEwen Inc.

4

McEwen Copper secured a US$240 million term loan to advance the Los Azules copper project toward final investment decision, providing update on TNR Gold NSR royalty. Major financing directly accelerates core Los Azules project development and strengthens McEwen's copper growth trajectory.

27 Aug

4

McEwen Copper completes US$240 million term loan to advance Los Azules project toward final investment decision. US$240 million term loan supplies major capital to push Los Azules development forward and materially lift McEwen Inc. prospects.

13 Aug

3 transcript

McEwen (MUX) released its Q2 2026 earnings call transcript detailing quarterly results, operations, and forward outlook. Quarterly earnings details can shift short-term investor views on MUX without altering long-term fundamentals.

11 Aug

3

Goliath intercepts up to 10.32 g/t Au over 6.00 meters within new 320 meter expansion of Golden Gate Zone at Surebet Discovery, Golden Triangle, B.C., with area remaining open. High-grade intercepts expand Surebet resource potential and may lift near-term market sentiment for McEwen.

8 Aug

3 transcript

McEwen Inc. (MUX) released Q2 earnings call highlights covering financial results, production updates, costs, and forward outlook for its mining operations. Q2 results and guidance can shift near-term sentiment and valuation multiples without altering long-term trajectory.

7 Aug

3

McEwen updated its 2026 production guidance, prompting assessment of whether MUX shares are undervalued. 2026 production guidance update can moderately shift valuation views and near-term sentiment for the miner.

6 Aug

5

McEwen Inc. achieves profit turnaround and releases new guidance expected to drive major shifts in operations and market performance. Profit turnaround combined with new guidance is positioned to fundamentally redefine McEwen's financial trajectory and competitive standing.

3 transcript

McEwen Inc. (MUX) reported Q2 2026 earnings while managing operational headwinds in its gold operations. Operational headwinds in gold segment may affect near-term financial results and market view without fundamentally changing long-term path.

3 transcript

McEwen Mining Inc. released its Q2 2026 earnings call summary covering quarterly financial results, production updates, and operational guidance for gold and silver mining assets. Q2 earnings call provides financial metrics and outlook that moderately influence near-term investor views and operational trajectory.

5 Aug

4

McEwen Inc. posted Q2 net income of $9.6M ($0.16 per share) versus $3.0M ($0.06 per share) in Q2 2025. Exploration expands resources at all sites. New Stock Mine in Timmins nears production with extended mine life. Higher earnings, resource growth across sites and imminent new mine production with longer life strengthen future output and valuation.

3

Empress closes acquisition of North American royalty portfolio. Royalty portfolio acquisition adds assets that may moderately boost revenue streams and market positioning.

30 Jul

3

Paragon Advanced Labs signed a strategic memorandum of understanding with McEwen Inc. to develop PhotonAssay laboratory facilities in Nevada, Timmins and Mexico. MOU establishes advanced assay labs in three core mining regions, supporting operational improvements without transforming overall strategy.

22 Jul

3

McEwen Inc. filed NI 43-101 technical reports covering a prefeasibility study at Grey Fox in Ontario plus mineral resource estimates at Lookout Mountain and Windfall in Nevada. Project studies and resource updates in core mining assets can moderately affect valuation and development timelines.

15 Jul

4

Goliath expands Bonanza Zone by 750 meters and Golden Gate Zone by 600 meters at high-grade gold Surebet discovery, Golden Triangle, B.C., with both zones remaining open. Expanded high-grade gold zones increase resource potential and drive higher valuation for the project.

8 Jun

4

McEwen Inc. pre-feasibility study for Grey Fox at Fox Complex shows high returns, manageable capital needs and extends mine life to 2041. Positive Grey Fox study signals major extension of operations and strong project economics for McEwen.

29 May

3

McEwen Inc. (MUX) received a $49.4 million dividend from the San José Mine. $49.4 million dividend strengthens McEwen cash resources and may support operations or returns.

26 May

3

McEwen Inc. receives San Jose dividend payout strengthening balance sheet and liquidity. Dividend inflow improves near-term cash position and may lift sentiment without shifting core mining operations.

22 May

3

McEwen Mining announced a new dividend linked to the San José project and provided updates on project growth, prompting a valuation reassessment of MUX stock. San José dividend and growth updates are likely to produce moderate short-term effects on McEwen Mining valuation and sentiment.

21 May

4

McEwen Inc. received a $49.4 million dividend from the San José Mine, reflecting strong cash generation that funds growth without meaningful share dilution. Large dividend inflow strengthens cash position and supports expansion without dilution, likely lifting future performance and investor sentiment.

3

McEwen Mining receives US$49.4 million dividend from the San Jose Mine. US$49.4 million cash inflow bolsters liquidity and may support near-term operations or debt management.

19 May

4

McEwen Copper engages Societe Generale to secure financing for the Los Azules copper project, prompting TNR Gold to underscore its royalty interest in the asset. Financing push for Los Azules marks major progress on a key copper asset that can lift McEwen's development pipeline and investor valuation.

4

McEwen Copper appoints Societe Generale as financial advisor for debt financing of Los Azules Project, updating TNR Gold NSR royalty. Appointment advances debt financing path for flagship Los Azules copper project, likely lifting McEwen valuation and project timeline.

16 May

4

McEwen Copper advances financing for its Los Azules project. The moves reduce funding risk, support development timelines and may lift MUX valuation by limiting dilution while increasing net asset value. Financing progress for the key copper asset strengthens the balance sheet, cuts execution risk and supports higher MUX valuation.

14 May

4

McEwen Copper appoints Societe Generale as financial advisor for debt financing of the Los Azules copper project. Appointing a top-tier bank advances debt financing for MUX's flagship Los Azules project, signaling major progress toward development and boosting growth prospects.

12 May

3

McEwen Inc. (MUX) Q1 earnings call highlighted production increases at Los Goldies mine, higher gold output, cost reductions, and positive cash flow amid rising metal prices. Q1 earnings details show operational improvements and financial metrics that moderately influence near-term performance and investor views.

8 May

4

McEwen Inc. (MUX) shares surged 7.8% after reporting a Q1 profit rebound and announcing an expansion push in the Americas, raising questions about whether the bull case for the stock has strengthened. Q1 profit rebound and Americas expansion represent major strategic and financial positives that could significantly enhance MUX's growth trajectory and investor sentiment.

7 May

4

McEwen Mining Inc. (MUX) swung to net income in Q1, reversing prior losses amid operational improvements. Swing to Q1 net income indicates stronger financial health and positive momentum for future performance.

stockrow.com/MUX · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com