McEWEN INC.
In the published model solve dated 2026-Q2, anchored at $19.70, McEWEN INC. (MUX) is priced for +19.9% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
• McEwen is a small gold-and-silver producer with a large copper development asset, McEwen Copper's Los Azules project in Argentina, that the market treats as the optionality in the story. • The biggest risk is dependence on commodity prices and dilution: the 10-K states results are ⟦"highly dependent on"⟧ metal prices, and the share count has been growing about 11% a year to fund growth. • Watch the planned McEwen Copper IPO and the Los Azules financing, the catalysts that could crystallize the
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145 institutional managers reported holding MUX in 13F filings for the quarter ended 2026-03-31. Together they hold about 42% of the company; the top 10 hold 22%. 41 opened new positions that quarter. Held by State Street, BlackRock, Two Sigma, among others. On the short side, 10.0M shares were sold short as of the 2026-06-15 count, about 14% of shares outstanding (9.1 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
MUX's share count grew 28.2% over the past five years. It pays no dividend.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at MUX over the trailing three years: 2024: 1 buy totaling $19k; 2026: 1 buy totaling $18k. 10 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
MUX's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-03-15 | -7.1% | +10.3% |
| 2023-05-09 | -5.7% | -12.0% |
| 2023-08-10 | +0.3% | +2.7% |
| 2023-11-09 | -5.3% | -5.0% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
MUX's latest 8-K filings: 2026-08-07 (items 2.02, 9.01); 2026-06-30 (items 7.01, 9.01); 2026-06-10 (items 5.07); 2026-06-02 (items 7.01, 9.01); 2026-05-22 (items 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.