NYSE: MUX

McEwen (MUX) Stock Analysis & Forecast

Oct 12 close

$17.51−0.37 (−2.1%)

Gekko Brief

AI summaryOct 12 close

McEwen has agreed to sell its Fuller property and 60% interest in Paymaster, both in Timmins, Ontario, to Dome Mine Ltd., a subsidiary of Discovery Mining Ltd., for US$55 million, consisting of US$5 million in cash and US$50 million in Discovery shares. The deal is described as supporting McEwen's growth initiatives and production targets of 250,000 to 300,000 gold-equivalent ounces annually by 2030 while limiting shareholder dilution, and shares were reported higher by 4.5% following the announcement.

MUX closes at $17.51, down 2.1%, and sits below both its 50-day average of $19.12 and 200-day average of $21.13, with the 50-day below the 200-day. The GekkoIndex reads 61.6, placing the stock in the Accumulation zone, and the current price stands 26.3% below the Gekko Fair Value of $23.75.

Earnings are due 4 November 2026, 23 days away, falling within a typical 20-trading-day holding window; the prior quarter saw an EPS miss of $0.14 against a $0.25 estimate with a -2.2% reaction. No insider, Congress or unusual options activity appears in the respective 90-day and 30-day windows, though one billionaire holder is noted. Seasonality over the past 5 years shows an average 20-trading-day return of -1.2% from this point, with gains in 2 of those years. Analyst consensus from 3 firms carries a $31.20 price target.

Written by AI from the Oct 12, 2026 close and checked automatically against the figures on this page.

McEwen price vs fair value

$23.75$17.51Oct ’25Apr ’26Oct ’26
Close $17.51200-day averageGekko Fair Value $23.75

McEwen quick facts

Market cap
$1.05B
P/E ratio
13.8
Forward P/E
6
EPS, TTM
$1.26
Revenue, TTM
$248.4M
Profit margin
32.5%
Dividend yield
—
Beta
1.26
Volume
458,813 avg 1.34M
1-year return
−8.1%
Typical daily move
±4.3%
Typical 20-day move
±10.2%
50-day average
$19.12
200-day average
$21.13
Next earnings
Nov 4
Shares outstanding
59.74M
52-week range
$14.93$29.70

McEwen swing-trade checklist

McEwen scores 2 supportive, 0 mixed and 3 headwinds across the 5 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

2 supportive0 mixed3 headwinds

  • Trendheadwind

    Below 50 and 200-day

    Close $17.51 is below the 50-day ($19.12) and 200-day ($21.13) averages, and the 50-day is below the 200-day.

    See the chart
  • GekkoIndexsupportive

    61.6, Accumulation

    Reading 61.6 is in the Accumulation zone.

    See the GekkoIndex
  • Fair valuesupportive

    26.3% below

    Price is 26.3% below Gekko Fair Value (more than 5% below).

    See fair value
  • Smart moneyno data

    No data

    No insider, Congress or unusual options activity in the window.

    See smart money
  • Earnings riskheadwind

    Reports in 23 days

    Reports on Nov 4, 2026, 23 days away — inside a typical 20-trading-day hold.

    See earnings
  • Seasonalityheadwind

    −1.2% on average

    From this point in the calendar, the next 20 trading days averaged −1.2% over 5 years, rising in 2 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

McEwen stock chart and price history

McEwen closed at $17.51 on Oct 12, 2026, −8.1% over the past year, inside a 52-week range of $14.93 to $29.70.

Close50-day average200-day averageVolume
McEwen share price, past year, with 50-day and 200-day moving averages and volume$10$15$20$25$30NovDecJan 2026FebMarAprMayJunJulAugSepOct17.51

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
−10.3%
3 months
−1.9%
6 months
−25.2%
1 year
−8.1%
The full MUX chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open MUX in Gekko

Follow McEwen through every session

Put MUX on a Gekko watchlist and see its GekkoIndex, Gekko Fair Value and smart money signals update on the chart as they change.

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About McEwen

McEwen searches for, develops and mines gold and silver, with copper exploration as an additional line of work, operating across the United States, Canada, Mexico and Argentina. It is perhaps best recognized for its wholly owned mines and projects, including the Gold Bar mine in Nevada, the Black Fox mine in Ontario, the El Gallo and Fenix projects in Sinaloa, Mexico, and the Los Azules copper deposit in San Juan, Argentina.

Beyond its fully owned sites, the company holds a 49% interest in the San José mine in Argentina, pointing to a mix of outright ownership and shared participation in its mineral assets. It also maintains a wide range of exploration properties stretched across Nevada, Canada, Mexico and Argentina, reflecting ongoing efforts to add to its resource base beyond current production.

McEwen traces its roots to 1979, when it was established under the name US Gold Corporation, later renamed McEwen Mining Inc. in January 2012. The company is headquartered in Toronto, Canada, and its shares trade on the NYSE under the ticker MUX.

Listed
NYSE
Sector
Non-energy minerals
Industry
Precious metals
Website
mcewenmining.com

McEwen GekkoIndex: the smart money zone

McEwen’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 61.6, in the Accumulation zone, down 2.8 points over five sessions.

010061.6Accumulation

Down 2.8 points over five sessions.

Reading for Oct 12, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying31+3.4%+8.8%+9.9%+18.1%
Accumulation (current zone)209+1.4%+2.1%+5.0%+10.5%
Neutral366+0.5%+1.4%+2.6%+11.6%
Distribution75+2.3%+3.3%+9.3%+11.5%
Selling1Too few readings yet

Average MUX share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.2% over 20 days. Past behaviour doesn’t guarantee future results.

Accumulation zone: Institutional interest building. About the five zones →

See every daily GekkoIndex reading plotted over the MUX price, zone by zone.Track MUX in Gekko

Is McEwen stock overvalued? Gekko Fair Value

McEwen trades 26.3% below Gekko Fair Value of $23.75, so the shares are undervalued on Gekko’s estimate.

Gekko’s own estimate of what McEwen shares are worth, recalculated every trading day.

$23.75

Gekko Fair Value, Oct 10, 2026

26.3% Undervalued

At the end of Aug 2026 the price was 24.3% below the estimate.

Gekko Fair ValueShare price, month end
$24$18Aug 2026SepOct 2026

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open MUX in Gekko

McEwen insider and Congress trading

No open-market insider purchases were filed for McEwen, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for MUX in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every MUX insider filing, plotted on the chart in Gekko.Open MUX in Gekko

Congress trades last 90 days

No trades in MUX were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for MUX, plotted on the chart in Gekko.Open MUX in Gekko

Buybacks

McEwen has been buying back its own shares.

Bought back, quarter ended Dec 31, 2022
$23.70M
As a share of market cap
2.27%

From company filings.

Hedge funds and billionaires quarter ended Jun 30

1of the funds Gekko tracks holds MUX.

0added1opened0trimmed0sold out
Which funds are on each side, name by name.Unlock in Gekko

McEwen earnings: next date and track record

McEwen reports on Nov 4, 2026 (23 days away), and beat the EPS estimate in 3 of its last 8 reports.

3 of 8reports beat the EPS estimate
±4.9%average move across the report
2 of 8reports followed by a gain

Share-price move across each report

−0.8%Nov ’240.0%Mar ’25−9.0%May ’25+1.1%Aug ’25−9.0%Nov ’25−6.6%Mar ’26+10.5%May ’26−2.2%Aug ’26

Last earnings call, Aug 5, 2026 AI summary

What they said
MUX reported a disappointing Q2 2026 with production below plan and costs above acceptable levels. The primary operational issue was at Gold Bar, where unexpected carbonaceous material reduced gold recoveries during leaching. Management is implementing metallurgical testing improvements, geological modeling enhancements, and blending strategies to address recovery issues. Strategic focus remains on Fox Complex exploration district growth and Los Azules copper project advancement amid rising copper demand from AI and electrification.
Guidance
Management is implementing practical fixes at Gold Bar but acknowledges these are not overnight solutions. Los Azules copper project is advancing permitting, engineering, and financing discussions, with management expressing significant long-term optimism driven by structural copper demand from AI and electrification trends.
ReportedEPSSurpriseRevenueSurpriseMove
Aug 5, 2026$0.14
est $0.25
−44.0%$59.20M
est $65.51M
−9.6%−2.2%
May 6, 2026$0.49
est $0.39
+25.6%$74.00M
est $67.32M
+9.9%+10.5%
Mar 12, 2026$0.66
est $0.21
+209.4%$64.60M
est $69.50M
−7.1%−6.6%
Nov 5, 2025−$0.01
est $0.31
−103.2%$50.53M
est $71.75M
−29.6%−9.0%
Aug 6, 2025$0.06
est $0.09
−33.3%$46.70M
est $61.30M
−23.8%+1.1%
May 7, 2025−$0.12
est −$0.11
−9.1%$35.70M
est $35.70M
0.0%−9.0%
Mar 14, 2025−$0.16
est −$0.09
−77.8%$33.52M
est $32.20M
+4.1%0.0%
Nov 5, 2024−$0.04
est −$0.10
+60.0%$52.25M
est $34.50M
+51.4%−0.8%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

McEwen stock forecast and analyst price targets

Analysts’ average 12-month price target for McEwen is $31.20, +78.2% from the last close, from 3 firms rating the stock in the last 90 days.

$31.20consensus 12-month target, +78.2% from the last close
Low $28High $31
Buy3
Hold0
Sell0

Each firm’s latest rating in the last 90 days: 3 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Aug 28Canaccord GenuityBuy, maintained$28+59.9%
Aug 10Roth MKMBuy, maintained$31+77.0%
Aug 7H.C. WainwrightBuy, reiterated$28+59.9%
+5.0%average 20-day move after past Accumulation readings
−1.2%average move over the next 20 trading days in the last 5 years
±4.3%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

McEwen seasonality: the next 20 trading days

Over the next 20 trading days from Oct 10, McEwen averaged −1.2% across the last 5 years, rising in 2 of them.

Next 20 trading days, by year

+4.6%2021+14.2%2022−3.3%2023−6.1%2024−15.2%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days+8.2%4 of 5
Next 10 trading days+8.1%5 of 5
Next 15 trading days+3.2%4 of 5
Next 20 trading days−1.2%2 of 5
Next 30 trading days+4.8%2 of 5

For scale, MUX’s typical 20-trading-day move in either direction is about 10.2%.

McEwen market cap and key statistics

McEwen’s market cap is $1.05B, with a P/E ratio of 13.8 and revenue of $248.4M over the last twelve months.

Valuation

Market cap
$1.05B
P/E ratio
13.8
Forward P/E
6
EPS, TTM
$1.26
Gekko Fair Value
$23.75

Trading

Volume
458,813
Avg volume, 20 days
1.34M
52-week high
$29.70
52-week low
$14.93
Shares outstanding
59.74M

Financials

Revenue, TTM
$248.4M
Profit margin
32.5%
Return on equity
13.5%
Quarterly earnings growth, YoY
+156.0%

Risk and income

Beta
1.26
Typical daily move
±4.3%
Typical 20-day move
±10.2%

McEwen peers

McEwen’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.

StockTodayGekkoIndex zonevs Fair Value
NEMNewmont+0.5%Accumulation7.3% above
AEMAgnico Eagle Mines+0.7%Accumulation7.0% below
BBarrick Mining+0.4%Neutral4.8% above
WPMWheaton Precious Metals+0.8%Accumulation5.3% above
FNVFranco-Nevada+1.0%Neutral1.3% above
KGCKinross Gold+0.6%Accumulation3.8% below

A peer links to its own page where one exists.

In the Buying zone today

Reporting earnings this week

Popular on Gekko

McEwen stock FAQ

What is McEwen’s market cap?

McEwen’s market cap is $1.05B at the Oct 12, 2026 close of $17.51, with 59.74M shares outstanding. The shares trade on a P/E ratio of 13.8.

What is the McEwen stock forecast?

The consensus analyst 12-month price target for McEwen is $31.20, +78.2% from the last close. Of the 3 firms that rated the stock in the last 90 days, 3 rate it a buy, 0 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.

Is McEwen stock overvalued or undervalued?

On Gekko’s estimate McEwen is undervalued: the Oct 12, 2026 close of $17.51 is 26.3% below Gekko Fair Value of $23.75. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does McEwen report earnings next?

McEwen is expected to report on Nov 4, 2026 (23 days away). Analysts expect earnings of $0.20 per share on revenue of $53.09M. McEwen beat the earnings estimate in 3 of its last 8 reports, moving 4.9% on average across the report.

What is McEwen’s 52-week high and low?

McEwen’s 52-week high is $29.70 and its 52-week low is $14.93; it closed at $17.51 on Oct 12, 2026, −8.1% over the past year.

Is McEwen stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 2 of the 5 items with data read as supportive (gekkoindex and fair value) and 3 as headwinds (trend, earnings risk and seasonality). The checklist is a description of current data, not a recommendation.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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