# McEwen share price today (McEwen Inc., MUX)

> McEwen Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. MUX · Materials · Other Precious Metals & Mining · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/mux

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## Key numbers

- Price: $13.64 (−25.6% in a year)
- P/E: 11.9×, too little history to compare yet
- Revenue (Jun 2026): $59.2 M (+26.8% on a year ago)
- Profit (Jun 2026): $9.6 M (+216.0% on a year ago)
- Operating margin: −5.9% (−5.9 points on a year ago)
- ROE: 6%, FY25
- ROIC: −0.8%, against a 10.4% cost of capital: −11.2 points
- Profit that came in as cash: −37%, last 2 years

The main question: profits are rising, but only −37% of the last 2 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. ## What is the McEwen share price today? McEwen Inc.'s share price was $13.64 at the close on 3 November 2026. That is 34.2% below its average price over the last 200 trading days. In the last 52 weeks it traded between $14 and $28, and at that close it was at the low of that range. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 8 weeks running. Over the last 1 year the share price moved +24% while the S&P 500 moved +21%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 11 September 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does McEwen pay? McEwen Inc. pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is McEwen on? McEwen is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is McEwen profitable? McEwen Inc. earned $9.6 M of net profit in the Jun 2026 quarter, +216.0% on the same quarter a year earlier. Full-year FY25 profit was $34.4 M. That is 16.2% of the quarter's revenue. The same quarter a year earlier earned $3.0 M. 7 of the last 12 reported quarters were loss-making. ## How much revenue does McEwen make, and is it growing? McEwen Inc. reported $59.2 M of revenue in the Jun 2026 quarter, +26.8% on the same quarter a year earlier. That is the 3rd quarter in a row with growth on the year before. Over 4 years it has grown 9.7% a year on average. The last full year, FY25, came in at $198 M. The last four reported quarters add to $248 M. FY25 revenue was $198 M, +13.2% on the year before. Recent pace: the last four quarters grew +55.9% on average, against 9.7% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +47.7%, against +15.6% a year over the last 8 quarters (accelerating). ## How much of every $100 of sales does McEwen keep? McEwen Inc.'s operating margin was −5.9% in the Jun 2026 quarter, 5.9 percentage points lower than the same quarter a year ago. Across 5 years it has been between −88.9% and −6.5%. The latest quarter is above every full year in that period. Why the margin moved: operating margin changed −5.9 percentage points on the year while gross margin changed +3.0 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales. ## Is McEwen's profit turning into cash? Over the last 2 years McEwen Inc.'s operations used more cash than they brought in, so cash conversion was −37%, a gap worth watching. In FY25 it brought in $6.9 M of operating cash against $34.4 M of profit. After $44.6 M of spending on assets, free cash was −$37.8 M: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does McEwen's cash go? McEwen Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $114 M on assets over the last 3 years. Averaged over those years that is 19.2% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $114 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is McEwen's P/E ratio, and how does it compare with its own history? McEwen Inc.'s P/E is 11.9×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth. In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple. ## Is the McEwen business getting better or worse? McEwen Inc.'s business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 12 quarters of 2 measures, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does McEwen earn on its capital? McEwen Inc. earned a ROE of 6% in FY25. That is up from a low of −23% in FY22. Its return on capital used (ROIC) is 11.2 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 17.4% net margin and 0.24× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 17.4% net margin × 0.24× asset turnover × 1.50× leverage (assets divided by equity) ≈ 6.3% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: −0.8% − 10.4% = −11.2 percentage points. The 10.4% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The −0.8% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at −2.3%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does McEwen have too much debt? McEwen Inc. has total debt of $128 M against shareholder equity of $707 M as of Jun 2026, so its debt is 0.18× its equity, which is very little. Year by year, that ratio went from 0.14 in FY21 to 0.23 in FY25. So the returns on this page come from the business, not from borrowed money. ## What is the McEwen shareholding pattern? 18.9% of McEwen Inc.'s tradable shares are in short positions, which are bets that the price will fall, so a large group of traders is betting against it. At normal trading volumes, closing those positions would take about 7.5 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is McEwen from balance-sheet trouble? For McEwen Inc., the Z-score is 0.80. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the danger zone. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 0.80 is inside the danger zone, so the balance sheet is a real risk. ## How does McEwen rank in its industry? 34.9 out of 100, rank 11 of 17 in Other Precious Metals & Mining, with 67% of the evidence available. McEwen Inc. scores 34.9 out of 100 against the 17 companies it is compared with in Other Precious Metals & Mining, ranking 11. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 12.6 + 7.7 + 10 + 4.6 = 34.9. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is McEwen compared with? McEwen ranks 11 of 17 Other Precious Metals & Mining companies on the 4-Factor Sector Score, with 34.9 out of 100. 1. [Vox Royalty Corp.](https://www.sectoralpha.in/us/stocks/voxr) VOXR · losing its lead · Most evidence points up · 67% evidence 73.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.2/35 · Revenue 100% · Profit n/a · Operating margin change 188.7 points · 71% evidence Capital efficiency 19.4/25 · ROCE 26.9% · Operating margin 182.3% · 76% evidence Valuation 10.8/20 · P/E 6.8× · PEG n/a · 15% evidence Relative strength 17.0/20 · Lead over its industry 21.7% · Lead over S&P 500 -16% · 1 year 15.9% · 100% evidence · 6 of 12 weeks ahead Exact sum: 26.2 + 19.4 + 10.8 + 17 = 73.4 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Compañía de Minas Buenaventura S.A.A.](https://www.sectoralpha.in/us/stocks/bvn) BVN · losing its lead · Most evidence points up · 85% evidence 70.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.9/35 · Revenue 68.8% · Profit 100% · Operating margin change 18.7 points · 95% evidence Capital efficiency 16.7/25 · ROCE 17.6% · Operating margin 41.9% · 76% evidence Valuation 15.3/20 · P/E 7× · PEG 0.69 · 65% evidence Relative strength 12.5/20 · Lead over its industry 14.3% · Lead over S&P 500 -21.4% · 1 year 19.6% · 100% evidence · 2 of 12 weeks ahead Exact sum: 25.9 + 16.7 + 15.3 + 12.5 = 70.4 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [Hecla Mining Company](https://www.sectoralpha.in/us/stocks/hl) HL · quiet · Evidence leans up · 75% evidence 62.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.3/35 · Revenue 74.4% · Profit 100% · Operating margin change 17.1 points · 95% evidence Capital efficiency 18.6/25 · ROCE 24.7% · Operating margin 44.3% · 76% evidence Valuation 9.3/20 · P/E 31× · PEG n/a · 15% evidence Relative strength 8.3/20 · Lead over its industry 0.1% · Lead over S&P 500 -32.1% · 1 year -4.8% · 100% evidence · 6 of 12 weeks ahead Exact sum: 26.3 + 18.6 + 9.3 + 8.3 = 62.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Triple Flag Precious Metals Corp.](https://www.sectoralpha.in/us/stocks/tfpm) TFPM · quiet · Evidence leans up · 85% evidence 62.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.2/35 · Revenue 50.6% · Profit 100% · Operating margin change 10 points · 95% evidence Capital efficiency 16.3/25 · ROCE 11.9% · Operating margin 65.1% · 76% evidence Valuation 5.9/20 · P/E 15× · PEG 2.66 · 65% evidence Relative strength 16.6/20 · Lead over its industry 19.3% · Lead over S&P 500 -18% · 1 year -0.9% · 100% evidence · 7 of 12 weeks ahead Exact sum: 23.2 + 16.3 + 5.9 + 16.6 = 62 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 5. [Metalla Royalty & Streaming Ltd.](https://www.sectoralpha.in/us/stocks/mta) MTA · quiet · Evidence leans up · 67% evidence 58.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.3/35 · Revenue 66.7% · Profit n/a · Operating margin change 36.1 points · 71% evidence Capital efficiency 10.7/25 · ROCE 1% · Operating margin 44.4% · 76% evidence Valuation 11.5/20 · P/E -1613.6× · PEG n/a · 15% evidence Relative strength 16.5/20 · Lead over its industry 23.8% · Lead over S&P 500 -13.9% · 1 year 10% · 100% evidence · 9 of 12 weeks ahead Exact sum: 19.3 + 10.7 + 11.5 + 16.5 = 58 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Gold Resource Corporation](https://www.sectoralpha.in/us/stocks/goro) GORO · turning · Evidence leans up · 67% evidence 57.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.0/35 · Revenue 100% · Profit n/a · Operating margin change 532.9 points · 71% evidence Capital efficiency 8.5/25 · ROCE -0.8% · Operating margin 20.3% · 76% evidence Valuation 11.0/20 · P/E -5.5× · PEG n/a · 15% evidence Relative strength 11.2/20 · Lead over its industry -0.9% · Lead over S&P 500 -32.5% · 1 year -23.7% · 100% evidence · 3 of 12 weeks ahead Exact sum: 27 + 8.5 + 11 + 11.2 = 57.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Versamet Royalties Corporation](https://www.sectoralpha.in/us/stocks/vmet) VMET · quiet · Evidence leans up · 61% evidence 56.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.0/35 · Revenue 100% · Profit n/a · Operating margin change -40.8 points · 71% evidence Capital efficiency 13.9/25 · ROCE 9% · Operating margin 58% · 76% evidence Valuation 9.0/20 · P/E 35.9× · PEG n/a · 15% evidence Relative strength 13.3/20 · Lead over its industry 16.4% · Lead over S&P 500 -19.7% · 1 year 23.8% · 70% evidence · 0 of 12 weeks ahead Exact sum: 20 + 13.9 + 9 + 13.3 = 56.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Avino Silver & Gold Mines Ltd.](https://www.sectoralpha.in/us/stocks/asm) ASM · quiet · Evidence leans down · 75% evidence 47.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.0/35 · Revenue 47.5% · Profit 100% · Operating margin change 3.6 points · 95% evidence Capital efficiency 16.6/25 · ROCE 17.1% · Operating margin 34% · 76% evidence Valuation 9.5/20 · P/E 24× · PEG n/a · 15% evidence Relative strength 2.3/20 · Lead over its industry -9.3% · Lead over S&P 500 -38.5% · 1 year -0.5% · 100% evidence · 2 of 12 weeks ahead Exact sum: 19 + 16.6 + 9.5 + 2.3 = 47.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Elemental Royalty Corporation](https://www.sectoralpha.in/us/stocks/ele) ELE · quiet · Evidence leans down · 67% evidence 47.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.2/35 · Revenue 100% · Profit -25% · Operating margin change 1 points · 71% evidence Capital efficiency 10.9/25 · ROCE 1.6% · Operating margin 30.3% · 76% evidence Valuation 8.5/20 · P/E 396.6× · PEG n/a · 15% evidence Relative strength 11.5/20 · Lead over its industry 8.2% · Lead over S&P 500 -25.8% · 1 year -3.3% · 100% evidence · 8 of 12 weeks ahead Exact sum: 16.2 + 10.9 + 8.5 + 11.5 = 47.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Integra Resources Corp.](https://www.sectoralpha.in/us/stocks/itrg) ITRG · quiet · Evidence leans down · 65% evidence 44.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.9/35 · Revenue n/a · Profit -26.7% · Operating margin change -9.8 points · 67% evidence Capital efficiency 15.3/25 · ROCE 17.9% · Operating margin 19% · 76% evidence Valuation 8.7/20 · P/E 42× · PEG n/a · 15% evidence Relative strength 7.4/20 · Lead over its industry -6.9% · Lead over S&P 500 -37% · 1 year -27.5% · 100% evidence · 7 of 12 weeks ahead Exact sum: 12.9 + 15.3 + 8.7 + 7.4 = 44.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. McEwen Inc. this page MUX · quiet · Most evidence points down · 67% evidence 34.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.6/35 · Revenue 47.3% · Profit n/a · Operating margin change -5.9 points · 71% evidence Capital efficiency 7.7/25 · ROCE -0.6% · Operating margin -5.9% · 76% evidence Valuation 10.0/20 · P/E 13.4× · PEG n/a · 15% evidence Relative strength 4.6/20 · Lead over its industry -6% · Lead over S&P 500 -36.1% · 1 year -15.1% · 100% evidence · 1 of 12 weeks ahead Exact sum: 12.6 + 7.7 + 10 + 4.6 = 34.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 12. Comstock Inc. LODE · quiet · Most evidence points down · 63% evidence 26.7 out of 100 Growth Capital Valuation Relative
13. Solaris Resources Inc. SLSR · basing · Too little evidence to rank firmly · 47% evidence 49.9 out of 100 Growth Capital Valuation Relative
14. Silver Bow Mining Corp. SBMT · quiet · Too little evidence to rank firmly · 27% evidence 45.1 out of 100 Growth Capital Valuation Relative
15. Guardian Metal Resources PLC GMTL · quiet · Too little evidence to rank firmly · 18% evidence 42.6 out of 100 Growth Capital Valuation Relative
16. Platinum Group Metals Ltd. PLG · quiet · Too little evidence to rank firmly · 50% evidence 40.0 out of 100 Growth Capital Valuation Relative
17. Perpetua Resources Corp. PPTA · quiet · Too little evidence to rank firmly · 47% evidence 29.0 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Jun 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Other Precious Metals & Mining](https://www.sectoralpha.in/us/sectors/other-precious-metals-mining), all 17 compared on one page. ## Which companies are close to McEwen in size? McEwen is the 7th largest of 13 Other Precious Metals & Mining companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Triple Flag Precious Metals Corp., Versamet Royalties Corporation and Elemental Royalty Corporation. Just below it: Avino Silver & Gold Mines, Metalla Royalty & Streaming and Gold Resource Corporation. ### Other Precious Metals & Mining companies close in size

1. [Triple Flag Precious Metals Corp.](https://www.sectoralpha.in/us/stocks/tfpm) $5.8 billion
2. [Versamet Royalties Corporation](https://www.sectoralpha.in/us/stocks/vmet) $936 million
3. [Elemental Royalty Corporation](https://www.sectoralpha.in/us/stocks/ele) $906 million
4. McEwen Inc. $837 million
5. [Avino Silver & Gold Mines Ltd.](https://www.sectoralpha.in/us/stocks/asm) $724 million
6. [Metalla Royalty & Streaming Ltd.](https://www.sectoralpha.in/us/stocks/mta) $668 million
7. [Gold Resource Corporation](https://www.sectoralpha.in/us/stocks/goro) $476 million

[All 13 Other Precious Metals & Mining companies, largest first](https://www.sectoralpha.in/us/sectors/other-precious-metals-mining#all-companies)

### Companies close in size in other industries

1. [Nextdoor Holdings, Inc.](https://www.sectoralpha.in/us/stocks/nxdr) $863 million · Internet Content & Information
2. [USA TODAY Co., Inc.](https://www.sectoralpha.in/us/stocks/tday) $863 million · Publishing
3. McEwen Inc. $862 million
4. [Phoenix Education Partners, Inc.](https://www.sectoralpha.in/us/stocks/pxed) $862 million · Education & Training Services
5. [Eastman Kodak Company](https://www.sectoralpha.in/us/stocks/kodk) $861 million · Specialty Business Services

## What else do people ask about McEwen? ### What were McEwen's latest quarterly results? McEwen Inc. reported revenue of $59.2 M and net profit of $9.6 M for the Jun 2026 quarter. Revenue rose 26.8% and profit rose 216.0% compared with a year earlier. Earnings per share were $0.14. The operating margin was −5.9%, 5.9 percentage points lower than a year earlier (as of 3 November 2026). ### What is McEwen's market cap? McEwen Inc.'s market capitalisation is $837 M at a stock price of $13.64. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is McEwen performing? McEwen Inc.'s latest readings are below. In its latest quarter, revenue rose 26.8% and profit rose 216.0% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 8 weeks running. This describes what the data did, not a rating (as of 3 November 2026). ### Will McEwen's stock price go up? This page does not forecast McEwen Inc.'s stock price. What it shows instead: the stock price is $13.64. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Where is McEwen in its business cycle? McEwen Inc.'s FY25 operating margin was −6.5%, against a 5-year range of −88.9% to −6.5%: the middle of its own range, neither a peak nor a low. The latest quarter was −5.9%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the McEwen story? The main question: profits are rising, but only −37% of the last 2 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is McEwen a stock worth studying right now? What the numbers show: McEwen Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the cash starts to follow the profit. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.