Insider Buying: McEwen (NYSE:MUX) Director Buys 1,000 Shares of Stock

Posted by Brian Himes on Jun 9th, 2026

McEwen Inc. (NYSE:MUX – Get Free Report) (TSE:MUX) Director Stephen Douglas Kaszas acquired 1,000 shares of the business’s stock in a transaction on Friday, June 5th. The shares were purchased at an average cost of $18.36 per share, for a total transaction of $18,360.00. Following the completion of the acquisition, the director directly owned 1,621 shares in the company, valued at approximately $29,761.56. The trade was a 161.03% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

McEwen Stock Down 3.0%

Shares of MUX traded down $0.55 during trading hours on Tuesday, reaching $17.84. 1,231,868 shares of the stock traded hands, compared to its average volume of 1,173,336. The company has a current ratio of 1.14, a quick ratio of 0.81 and a debt-to-equity ratio of 0.19. The stock has a fifty day simple moving average of $22.41 and a 200 day simple moving average of $22.22. McEwen Inc. has a 52 week low of $8.95 and a 52 week high of $29.70. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 15.12 and a beta of 1.18.

McEwen (NYSE:MUX – Get Free Report) (TSE:MUX) last released its quarterly earnings results on Thursday, March 12th. The basic materials company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.41. McEwen had a net margin of 31.40% and a return on equity of 13.65%. The company had revenue of $64.60 million for the quarter, compared to analyst estimates of $72.83 million. On average, equities analysts forecast that McEwen Inc. will post 1.06 EPS for the current year.

Institutional Trading of McEwen

A number of large investors have recently bought and sold shares of the company. State Street Corp increased its position in McEwen by 24.4% in the fourth quarter. State Street Corp now owns 2,190,605 shares of the basic materials company’s stock worth $40,548,000 after buying an additional 429,761 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in McEwen by 38.2% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,959,913 shares of the basic materials company’s stock worth $33,515,000 after buying an additional 541,890 shares during the last quarter. Dimensional Fund Advisors LP increased its position in McEwen by 1.2% in the third quarter. Dimensional Fund Advisors LP now owns 1,285,603 shares of the basic materials company’s stock worth $21,982,000 after buying an additional 15,439 shares during the last quarter. BNP Paribas Financial Markets increased its position in McEwen by 56.3% in the fourth quarter. BNP Paribas Financial Markets now owns 1,001,596 shares of the basic materials company’s stock worth $18,540,000 after buying an additional 360,857 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in McEwen by 3.1% in the third quarter. Vanguard Group Inc. now owns 884,347 shares of the basic materials company’s stock worth $15,122,000 after buying an additional 26,846 shares during the last quarter. 17.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MUX. HC Wainwright increased their price target on McEwen from $21.50 to $29.50 and gave the company a “buy” rating in a research report on Wednesday, March 18th. Zacks Research raised McEwen from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. Wall Street Zen downgraded McEwen from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Roth Mkm increased their price target on McEwen from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, March 18th. Finally, Weiss Ratings downgraded McEwen from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 2nd. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, McEwen has a consensus rating of “Moderate Buy” and an average target price of $29.83.

Read Our Latest Analysis on McEwen

About McEwen

(Get Free Report)

McEwen Mining Inc (NYSE: MUX) is a Canada-based precious metals company focused on the exploration, development and production of gold, silver and copper. Headquartered in Toronto, the company pursues a diversified portfolio of assets across the Americas, with operations and projects spanning Argentina, Mexico, Canada and the United States. McEwen Mining employs an integrated approach that combines in-house technical expertise with strategic partnerships to advance its assets from resource definition through to commercial production.

The company’s flagship producing asset is the San José mine in Argentina, a high-grade silver-gold operation.