MUX

McEwenD

NYSE / Materials

At close

2026-07-21

Current thesis

The post-earnings read-through is that Q1 showed a real earnings turnaround, positive operating cash flow of about $12.1M, higher cash balances, and unchanged 2026 production guidance, while management used the release to reinforce a multi-asset growth path centered on Stock, Grey Fox, Tartan and El Gallo [#8-K-2026-05-08] [#10-Q-2026-05-06].

Posture

Defensive

Lead driver

Sentiment

What changed

Sentiment remains the lead driver in the composite, 7D delta +2.6.

What can break

A meaningful part of quarterly earnings support came from equity-method income and Minera Santa Cruz-related contributions, which may not be as durable as core mine-level operating improvements [#10-Q-2026-05-06].

Momentum

Value

Sentiment

Setup hits (3d)

0 · Net Neutral

AI TargetsBase $26.00 · Bull $31.00 · Bear $18.00

Data freshness

Prices

As of 2026-07-21

Fundamentals

As of 2026-07-20 • Vendor: Data Vendor v1

Scores

As of 2026-07-21 • Model: HYBRID_IC_RP

AI Memo

As of 2026-05-08 • Model: RankAlpha Sentiment Codex

Investment thesis

As of 2026-07-21

Supporting evidence

What

Grade D · Defensive

Confidence Medium · Net Neutral

Target $32.52

Why

Momentum17 · Δ7d +5.7

Value39 · Δ7d +0.1

Sentiment77 · Δ7d +2.6

So what

Weak posture (Net Neutral). Prioritize risk control and patience.

Lead driver: Sentiment · See AI snapshot

Momentum

26% active weight

Current posture

7d trendImproving

Δ7d

+5.7

Δ21d

+3.9

Value

39% active weight

Current posture

7d trendFlat

Δ7d

+0.1

Δ21d

+0.1

Sentiment

34% active weight

Current posture

7d trendImproving

Δ7d

+2.6

Δ21d

+6.9

Why this grade

Composite grade D. Momentum 17.2 / Value 39.3 / Sentiment 77.1

Fundamentals (TTM)

As of 2026-07-20

Market Cap

$983.32M

Beta

1.12

Shares Out

59.74M

P/E (TTM) · Derived

25.8

P/S (TTM)

6.44

P/FCF (TTM) · Derived

-40.63

Rev YoY

+107.4%

EPS YoY

-504.9%

Gross Margin

+17.2%

Op Margin

-17.0%

Net Debt

$56.71M

Current Ratio

1.14

As of 2026-07-21 • Updated nightlySource: Internal modelMethodology