MUX — McEwen Mining Inc.

Founder-Led

Stock analysis, trade plans, and proprietary indicators by Trend Edge.

About McEwen Mining Inc.

McEwen Inc. engages in the exploration, development, production, and sale of gold and silver deposits in the United States, Canada, Mexico, and Argentina. It also explores for copper deposits. The company owns 100% interests in the Gold Bar gold mine located in Nevada; the Fox Complex that consists of 132 parcels, including patents and leases, and 163 unpatented mining claims totaling 28 square miles in mining rights, as well as 13 square miles i… Read full Trend Edge analysis →

Trend Edge Proprietary Indicators

Key Metrics

Current Price$22.81
Market Cap$1.48B
Float50.9M
Shares Outstanding59.7M
P/E (Forward)12.58
P/E (TTM)21.06
Price/Sales (TTM)7.51
vs. Analyst Target+40.7% to analyst PT
Profit Margin17.43%
Operating Margin (TTM)-8.88%
Revenue (TTM)$198M
Dividend RateNone
Analyst Target Price$32.10 (5 analysts)

Financial History

Annual Revenue & Earnings History

YearRevenueNet IncomeGross ProfitEBITDA
2020 $105M -$152M -$26.9M -$123M
2021 $137M -$56.7M -$6.5M -$32.7M
2022 $110M -$81.1M -$544,000 -$78.7M
2023 $166M $55.3M $17.8M -$73.9M
2024 $174M -$43.7M $30.9M $18.2M
2025 $198M $34.4M $21.7M $17.9M

Recent Quarterly Revenue & Net Income

QuarterRevenueNet Income
Jun 2025 $46.7M $3.0M
Sep 2025 $50.5M -$462,000
Dec 2025 $64.6M $38.1M
Mar 2026 $74.0M $33.4M

Ownership & Float

Insider Ownership14.4%
Institutional Ownership55.2%
Short Float20.6%
% of All Funds Holding1.72%
Number of Funds Holding141

Current Moving Averages

Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.

TimeframeSMAValueTrend Context
Weekly10-Week SMA$22.40Near-term / short-term trend
Weekly40-Week SMA$19.95Medium-term trend
Weekly80-Week SMA$14.19Cyclical trend (business cycle)
Weekly200-Week SMA$10.15Secular trend (multi-year)
Monthly10-Month SMA$20.15Near-term monthly trend
Monthly20-Month SMA$14.27Medium-term monthly trend
Monthly40-Month SMA$11.29Secular monthly trend

Volume Shelves — Support & Resistance

Trend Edge identifies volume shelves: price zones where historically elevated trading volume creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.

Price LevelTypeVolume RatioAge
$19.10 support 1.27x 3 months ago
$12.60 support 2.02x 7 months ago
$8.30 support 1.13x 10 months ago
$6.40 support 1.98x 25 months ago

Historical Earnings Reactions (75 events)

TimeframeAvg ReturnMedianWin RateBestWorst
Gap -0.21% -0.35% 45.33% 6.47% -7.72%
1 Day -0.70% -1.29% 38.67% 11.56% -15.27%
1 Week -0.59% -1.47% 42.67% 45.08% -34.09%
2 Weeks 0.11% -0.24% 47.30% 48.57% -49.62%
1 Month 1.49% -0.19% 50.00% 80.46% -46.97%

Next earnings: May 6, 2026

Seasonality & Day-of-Week Patterns

Monthly Seasonality

MonthAvg ReturnWin RateSamples
Jan15.5%52.2%46
Feb2.2%34.8%46
Mar5.7%52.2%46
Apr4.6%47.8%46
May5.1%53.3%45
Jun0.4%32.6%46
Jul-0.5%39.1%46
Aug4.4%32.6%46
Sep2.1%43.5%46
Oct-2.9%43.5%46
Nov1.9%41.3%46
Dec0.9%41.3%46

Day-of-Week Tendencies

DayAvg ReturnWin RateSamples
Monday 0.24% 35.1% 2192
Tuesday 0.10% 34.8% 2378
Wednesday 0.14% 35.2% 2376
Thursday 0.30% 37.5% 2331
Friday 0.46% 37.7% 2318

Top Institutional Holders

Institutional holder breakdown coming soon.

Total institutional ownership: 55.2%

Insider Transactions — Smart Summary

Total insider ownership: 14.4%

Founder-led management: Rob McEwen (Chairman, CEO, President & Chief Owner)

12-Month Insider Activity Summary

Total Filings8
Net Value-$1.3M
Net Shares Change641,765
% of Float1.3%
C-Suite Filings6
Clusters Detected1

Key Insiders

NameTitleNet ValueFilingsActivity
McEwen Robert Ross Chairman and CEO -$747,170 2 2 sell
Diges Carmen L General Counsel/Corp Sec -$313,723.2 2 2 sell
Spears Stephan Michael VP Corporate Development -$165,030.363 1 1 sell
Chan Jeffrey VP - Finance -$103,861.403 1 1 sell
Brissenden Richard W. -$98,224.25 1 1 sell
Ball Ian J -$27,861.44 1 1 sell

Transaction Clusters

PeriodFilingsInsidersNet ValueSeniority
2025-09-23 – 2025-09-29 6 4 -$1.3M 5 C-suite

Significant Filings

DateInsiderTitleNet ValuePrice After
2025-11-19 Spears Stephan Michael VP Corporate Development -$165,030.363 Transaction at $7.76, now +193.9%
2025-09-23 Diges Carmen L General Counsel/Corp Sec -$38,736.6 Transaction at $7.80, now +192.5%
2025-09-23 McEwen Robert Ross Chairman and CEO -$92,335 Transaction at $7.80, now +192.5%
2025-09-24 Brissenden Richard W. -$98,224.25 Transaction at $9.61, now +137.4%
2025-09-29 McEwen Robert Ross Chairman and CEO -$654,835 Transaction at $7.80, now +192.5%
2025-09-29 Diges Carmen L General Counsel/Corp Sec -$274,986.6 Transaction at $7.80, now +192.5%

View full insider transaction history on Trend Edge →

AI Consult Analysis

Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for McEwen Mining Inc. (MUX) powered by Claude Opus — Anthropic's most capable AI model. The analysis covers five layers: technical analysis (near-term, medium-term, cyclical, and secular trend, momentum, volume shelf support and resistance, breakout and breakdown signals), qualitative analysis (business model, competitive moat, sector dynamics), insider sentiment (buy and sell signals from executive and director transactions), share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and fundamental analysis (valuation, revenue growth, profit margin, earnings quality).

AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit, stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward. Whether you are building a long position, initiating a short, or looking for a reversal setup, AI Consult identifies the highest-probability signal from the current trend.

Get the full AI Consult analysis for MUX on Trend Edge →