McEwen (MUX)
Market Price (7/15/2026): $17.84 | Market Cap: $1.1 BilSector: Materials | Industry: Precious Metals & Minerals
McEwen (MUX)
Market Price (7/15/2026): $17.84Market Cap: $1.1 BilSector: MaterialsIndustry: Precious Metals & Minerals
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.1% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 40% Megatrend and thematic driversMegatrends include Global Resource Supply. Themes include Precious Metals Extraction, and Sustainable Mining Operations. | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -2.4 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1.0% Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 50x Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -10% Significant short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 21% Key risksMUX key risks include [1] persistent operational setbacks and high operating costs at its producing mines and [2] significant execution risk in bringing its large-scale Los Azules copper project into production. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.1% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 40% |
| Megatrend and thematic driversMegatrends include Global Resource Supply. Themes include Precious Metals Extraction, and Sustainable Mining Operations. |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -2.4 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1.0% |
| Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 50x |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -10% |
| Significant short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 21% |
| Key risksMUX key risks include [1] persistent operational setbacks and high operating costs at its producing mines and [2] significant execution risk in bringing its large-scale Los Azules copper project into production. |
Qualitative Assessment
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Updated on 7/1/2026
McEwen (MUX) stock has lost about 15% since 3/31/2026 because of the following key factors:
1. Significant Decline in Precious Metal Prices in Fiscal Q2 2026.
McEwen Mining, as a precious metals producer, was heavily impacted by a substantial downturn in gold and silver prices during fiscal Q2 2026 (April 1 to June 30, 2026). Gold prices experienced a decline of approximately 14% in Q2 2026, marking its worst quarterly performance since Q2 2013. Silver also recorded its first negative quarterly close in Q2 2026 after five consecutive quarters of growth. This broad market correction in key commodities, driven by factors such as higher interest rate expectations and a stronger U.S. dollar, directly reduced the perceived value and future revenue potential for mining companies like McEwen.
2. Market Sentiment Shift Away from Precious Metals.
The macroeconomic environment in fiscal Q2 2026 led to a notable shift in investor sentiment, moving away from non-yielding assets like gold and silver. Despite geopolitical tensions, which historically might have boosted precious metals as safe havens, the market prioritized the attractiveness of higher-yielding bonds due to elevated real interest rate expectations. This broader shift in investor preference diminished demand for precious metals, creating significant headwind for the sector, irrespective of individual company performance.
Show more
McEwen (MUX) stock has lost about 15% since 3/31/2026 because of the following key factors:
1. Significant Decline in Precious Metal Prices in Fiscal Q2 2026.
McEwen Mining, as a precious metals producer, was heavily impacted by a substantial downturn in gold and silver prices during fiscal Q2 2026 (April 1 to June 30, 2026). Gold prices experienced a decline of approximately 14% in Q2 2026, marking its worst quarterly performance since Q2 2013. Silver also recorded its first negative quarterly close in Q2 2026 after five consecutive quarters of growth. This broad market correction in key commodities, driven by factors such as higher interest rate expectations and a stronger U.S. dollar, directly reduced the perceived value and future revenue potential for mining companies like McEwen.
2. Market Sentiment Shift Away from Precious Metals.
The macroeconomic environment in fiscal Q2 2026 led to a notable shift in investor sentiment, moving away from non-yielding assets like gold and silver. Despite geopolitical tensions, which historically might have boosted precious metals as safe havens, the market prioritized the attractiveness of higher-yielding bonds due to elevated real interest rate expectations. This broader shift in investor preference diminished demand for precious metals, creating significant headwind for the sector, irrespective of individual company performance.
Show more
Updated on 7/1/2026
McEwen (MUX) stock has lost about 15% since 3/31/2026 because of the following key factors:
1. Significant Decline in Precious Metal Prices in Fiscal Q2 2026.
McEwen Mining, as a precious metals producer, was heavily impacted by a substantial downturn in gold and silver prices during fiscal Q2 2026 (April 1 to June 30, 2026). Gold prices experienced a decline of approximately 14% in Q2 2026, marking its worst quarterly performance since Q2 2013. Silver also recorded its first negative quarterly close in Q2 2026 after five consecutive quarters of growth. This broad market correction in key commodities, driven by factors such as higher interest rate expectations and a stronger U.S. dollar, directly reduced the perceived value and future revenue potential for mining companies like McEwen.
2. Market Sentiment Shift Away from Precious Metals.
The macroeconomic environment in fiscal Q2 2026 led to a notable shift in investor sentiment, moving away from non-yielding assets like gold and silver. Despite geopolitical tensions, which historically might have boosted precious metals as safe havens, the market prioritized the attractiveness of higher-yielding bonds due to elevated real interest rate expectations. This broader shift in investor preference diminished demand for precious metals, creating significant headwind for the sector, irrespective of individual company performance.
3. Positive Company-Specific Developments Overwhelmed by Macroeconomic Headwinds.
Despite several positive company-specific announcements during fiscal Q2 2026, these were insufficient to counteract the strong negative pressures from the overall precious metals market. McEwen Mining reported robust financial results for fiscal Q1 2026 (ending March 31, 2026) on May 6, 2026, with earnings per share (EPS) of $0.56, beating analyst estimates by 51.35%, and revenue increasing by 107% to $74.0 million. Additionally, the company received a substantial $49.4 million dividend from the San José Mine in May 2026, exceeding its earlier $40-$50 million target for 2026 dividends. Progress was also made on key development projects, including initial production expected at the Stock Mine by mid-2026 and significant advancements at the Los Azules copper project, which received RIGI approval. Furthermore, McEwen Inc. was added to the Russell 2000® Index, effective June 29, 2026, which is typically a positive catalyst. However, the severe market-wide downturn in gold and silver prices ultimately overshadowed these positive internal developments, contributing to the stock's decline.
Show less
McEwen (MUX) stock has lost about 15% since 3/31/2026 because of the following key factors:
1. Significant Decline in Precious Metal Prices in Fiscal Q2 2026.
McEwen Mining, as a precious metals producer, was heavily impacted by a substantial downturn in gold and silver prices during fiscal Q2 2026 (April 1 to June 30, 2026). Gold prices experienced a decline of approximately 14% in Q2 2026, marking its worst quarterly performance since Q2 2013. Silver also recorded its first negative quarterly close in Q2 2026 after five consecutive quarters of growth. This broad market correction in key commodities, driven by factors such as higher interest rate expectations and a stronger U.S. dollar, directly reduced the perceived value and future revenue potential for mining companies like McEwen.
2. Market Sentiment Shift Away from Precious Metals.
The macroeconomic environment in fiscal Q2 2026 led to a notable shift in investor sentiment, moving away from non-yielding assets like gold and silver. Despite geopolitical tensions, which historically might have boosted precious metals as safe havens, the market prioritized the attractiveness of higher-yielding bonds due to elevated real interest rate expectations. This broader shift in investor preference diminished demand for precious metals, creating significant headwind for the sector, irrespective of individual company performance.
3. Positive Company-Specific Developments Overwhelmed by Macroeconomic Headwinds.
Despite several positive company-specific announcements during fiscal Q2 2026, these were insufficient to counteract the strong negative pressures from the overall precious metals market. McEwen Mining reported robust financial results for fiscal Q1 2026 (ending March 31, 2026) on May 6, 2026, with earnings per share (EPS) of $0.56, beating analyst estimates by 51.35%, and revenue increasing by 107% to $74.0 million. Additionally, the company received a substantial $49.4 million dividend from the San José Mine in May 2026, exceeding its earlier $40-$50 million target for 2026 dividends. Progress was also made on key development projects, including initial production expected at the Stock Mine by mid-2026 and significant advancements at the Los Azules copper project, which received RIGI approval. Furthermore, McEwen Inc. was added to the Russell 2000® Index, effective June 29, 2026, which is typically a positive catalyst. However, the severe market-wide downturn in gold and silver prices ultimately overshadowed these positive internal developments, contributing to the stock's decline.
Show less
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Stock Movement Drivers
Fundamental Drivers
The -12.6% change in MUX stock from 3/31/2026 to 7/14/2026 was primarily driven by a -56.3% change in the company's P/E Multiple.| (LTM values as of) | 3312026 | 7142026 | Change |
|---|---|---|---|
| Stock Price ($) | 20.42 | 17.85 | -12.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 198 | 236 | 19.4% |
| Net Income Margin (%) | 17.4% | 31.4% | 80.2% |
| P/E Multiple | 32.5 | 14.2 | -56.3% |
| Shares Outstanding (Mil) | 55 | 59 | -7.0% |
| Cumulative Contribution | -12.6% |
Market Drivers
3/31/2026 to 7/14/2026| Return | Correlation | |
|---|---|---|
| MUX | -12.6% | |
| Market (SPY) | 15.6% | 68.8% |
| Sector (XLB) | 1.3% | 56.8% |
Fundamental Drivers
The -3.6% change in MUX stock from 12/31/2025 to 7/14/2026 was primarily driven by a -26.1% change in the company's P/S Multiple.| (LTM values as of) | 12312025 | 7142026 | Change |
|---|---|---|---|
| Stock Price ($) | 18.51 | 17.85 | -3.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 166 | 236 | 41.7% |
| P/S Multiple | 6.0 | 4.5 | -26.1% |
| Shares Outstanding (Mil) | 54 | 59 | -8.0% |
| Cumulative Contribution | -3.6% |
Market Drivers
12/31/2025 to 7/14/2026| Return | Correlation | |
|---|---|---|
| MUX | -3.6% | |
| Market (SPY) | 10.6% | 51.9% |
| Sector (XLB) | 12.2% | 59.4% |
Fundamental Drivers
The 85.7% change in MUX stock from 6/30/2025 to 7/14/2026 was primarily driven by a 47.0% change in the company's P/S Multiple.| (LTM values as of) | 6302025 | 7142026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.61 | 17.85 | 85.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 169 | 236 | 39.6% |
| P/S Multiple | 3.0 | 4.5 | 47.0% |
| Shares Outstanding (Mil) | 53 | 59 | -9.5% |
| Cumulative Contribution | 85.7% |
Market Drivers
6/30/2025 to 7/14/2026| Return | Correlation | |
|---|---|---|
| MUX | 85.7% | |
| Market (SPY) | 22.7% | 38.7% |
| Sector (XLB) | 17.0% | 45.5% |
Fundamental Drivers
The 148.3% change in MUX stock from 6/30/2023 to 7/14/2026 was primarily driven by a 97.2% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 6302023 | 7142026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.19 | 17.85 | 148.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 120 | 236 | 97.2% |
| P/S Multiple | 2.9 | 4.5 | 56.2% |
| Shares Outstanding (Mil) | 47 | 59 | -19.4% |
| Cumulative Contribution | 148.3% |
Market Drivers
6/30/2023 to 7/14/2026| Return | Correlation | |
|---|---|---|
| MUX | 148.3% | |
| Market (SPY) | 75.6% | 32.4% |
| Sector (XLB) | 29.0% | 41.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MUX Return | -10% | -93% | 23% | 8% | 138% | -6% | -82% |
| Peers Return | -25% | -19% | -14% | 12% | 217% | -5% | 77% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 100% |
Monthly Win Rates [3] | |||||||
| MUX Win Rate | 33% | 42% | 50% | 50% | 83% | 57% | |
| Peers Win Rate | 37% | 48% | 47% | 48% | 70% | 40% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 57% | |
Max Drawdowns [4] | |||||||
| MUX Max Drawdown | -50% | -97% | -38% | -38% | -31% | -41% | |
| Peers Max Drawdown | -47% | -52% | -45% | -38% | -29% | -44% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: HL, CDE, AG, PAAS, SSRM.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/14/2026 (YTD)
How Low Can It Go
| Event | MUX | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -12.5% | -18.8% |
| % Gain to Breakeven | 14.3% | 23.1% |
| Time to Breakeven | 2 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -22.3% | -7.8% |
| % Gain to Breakeven | 28.8% | 8.5% |
| Time to Breakeven | 72 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -33.1% | -9.5% |
| % Gain to Breakeven | 49.4% | 10.5% |
| Time to Breakeven | 174 days | 24 days |
| 2020 COVID-19 Crash | ||
| % Loss | -52.1% | -33.7% |
| % Gain to Breakeven | 108.6% | 50.9% |
| Time to Breakeven | 123 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -15.8% | -19.2% |
| % Gain to Breakeven | 18.8% | 23.8% |
| Time to Breakeven | 268 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -24.2% | -12.2% |
| % Gain to Breakeven | 32.0% | 13.9% |
| Time to Breakeven | 22 days | 62 days |
In The Past
McEwen's stock fell -12.5% during the 2025 US Tariff Shock. Such a loss loss requires a 14.3% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
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| Event | MUX | S&P 500 |
|---|---|---|
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -22.3% | -7.8% |
| % Gain to Breakeven | 28.8% | 8.5% |
| Time to Breakeven | 72 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -33.1% | -9.5% |
| % Gain to Breakeven | 49.4% | 10.5% |
| Time to Breakeven | 174 days | 24 days |
| 2020 COVID-19 Crash | ||
| % Loss | -52.1% | -33.7% |
| % Gain to Breakeven | 108.6% | 50.9% |
| Time to Breakeven | 123 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -24.2% | -12.2% |
| % Gain to Breakeven | 32.0% | 13.9% |
| Time to Breakeven | 22 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -75.5% | -6.8% |
| % Gain to Breakeven | 308.9% | 7.3% |
| Time to Breakeven | 322 days | 15 days |
| 2013 Taper Tantrum | ||
| % Loss | -25.7% | -0.2% |
| % Gain to Breakeven | 34.5% | 0.2% |
| Time to Breakeven | 37 days | 1 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -87.0% | -53.4% |
| % Gain to Breakeven | 668.2% | 114.4% |
| Time to Breakeven | 355 days | 1085 days |
In The Past
McEwen's stock fell -12.5% during the 2025 US Tariff Shock. Such a loss loss requires a 14.3% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About McEwen (MUX)
McEwen Mining Inc. (MUX) is a mining company primarily engaged in the exploration, development, production, and sale of gold and silver deposits. Beyond its core precious metals operations, the company is also actively exploring for copper deposits, diversifying its potential future resource base.
The company's operational footprint extends across North and South America, with key assets located in the United States, Canada, Mexico, and Argentina. Notable wholly-owned properties include the Gold Bar mine in Nevada, the Black Fox gold mine in Ontario, Canada, and the El Gallo and Fenix silver-gold projects in Mexico. McEwen Mining also holds a significant 100% interest in the Los Azules copper deposit in Argentina, alongside a 49% stake in the San José gold-silver mine, also in Argentina.
As a producer of gold and silver, McEwen Mining primarily serves the global precious metals market, providing these commodities for various industrial, investment, and jewelry applications. Its strategic focus on copper exploration indicates an ambition to also tap into the industrial metals market as these projects advance.
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It's like a smaller Newmont (a major gold producer), but also mining silver and exploring for copper.
Think of it as a gold and silver miner akin to a junior Barrick Gold, with additional copper exploration projects.
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- Gold: Mined and sold from deposits primarily in the United States and Canada.
- Silver: Mined and sold from deposits in Mexico and Argentina.
- Copper: Explored and developed from deposits primarily in Argentina, with the intent for future production and sale.
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McEwen Mining Inc. (MUX) operates in the mining sector, producing gold, silver, and copper. As such, it sells its products (typically gold and silver doré bars, and copper concentrates) into the global commodity markets.
Its direct "customers" are generally a limited number of specialized:
- Precious Metal Refiners: For gold and silver doré bars, these companies purify the metals further into investment-grade bullion.
- Copper Smelters: For copper concentrates, these facilities process the material to extract refined copper.
Due to the nature of commodity sales, mining companies like McEwen Mining Inc. typically do not disclose specific refiners or smelters as "major customers" in their public filings. Sales are often market-driven and transactional rather than dependent on a few specific entities. Therefore, specific names and symbols of major customer companies are not publicly identifiable for McEwen Mining Inc.
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Rob McEwen, Chairman, Chief Executive Officer, President, and Chief Owner
Mr. McEwen has been associated with the gold industry throughout his career, initially spending 18 years in the investment industry before becoming CEO of several gold mining companies since 1990. He is the founder of Goldcorp, where he significantly grew the company's market capitalization from $50 million to over $8 billion. Rob McEwen took control of US Gold Corporation in 2005, which subsequently merged to form McEwen Mining Inc. in 2012. He is known for his innovative approach to exploration, including the "Goldcorp Challenge," which openly shared geological data to foster new discoveries. He currently owns a significant stake (14-18%) in McEwen (MUX) and 13% of McEwen Copper, and takes an annual salary of $1. He was invested into the Order of Canada in 2008 and inducted into the Canadian Mining Hall of Fame in 2017.
Perry Ing, Chief Financial Officer
Mr. Ing possesses 25 years of experience in the Canadian mining industry. Over the past 15 years, he has held Chief Financial Officer positions at Mountain Province Diamonds, Kirkland Lake Gold, and McEwen Mining, having previously served as CFO for McEwen Mining from 2008 to 2015 and rejoining in 2022. His earlier career included roles at Barrick Gold and Goldcorp, and he began in the mining practice at PwC. Mr. Ing holds a Bachelor of Commerce degree and is a Chartered Professional Accountant in Canada and the United States, as well as a CFA Charterholder.
William Shaver, Chief Operating Officer
Mr. Shaver is a seasoned mining executive with over 50 years of management and executive experience spanning all facets of mine design, construction, and operations. In 1980, he co-founded Dynatec Corporation, which grew to become one of North America's leading contracting and mine operating groups. He was recognized as the Ernst and Young Entrepreneur of the Year in 2013 for his dedication to innovation in the mining industry. Most recently, he served as Chief Operating Officer of INV Metals prior to its acquisition by Dundee Precious Metals. He became interim COO of McEwen Mining in May 2022.
Michael R. Meding, Vice President and General Manager - McEwen Copper
Mr. Meding brings over 20 years of international experience, primarily gained with major mining companies such as Barrick Gold and Trafigura. He has extensive experience in project development and operations in Argentina, where he played a key role in the turnaround and extension of the mine life at Barrick Gold's Veladero mine, as well as its subsequent strategic partnering with Shandong Gold. Mr. Meding is trilingual (Spanish-English-German) and holds an MBA from Indiana University in Pennsylvania and an MBA from the Leipzig Graduate School of Management in Germany.
Stefan Spears, Vice President - Corporate Development
Mr. Spears has been with McEwen and its predecessor companies since 2005. In 2008, he was appointed Vice President of Projects, overseeing the early development of the company's US-based portfolio of assets, including the Gold Bar Mine, from exploration to pre-feasibility and permitting. Between 2012 and 2015, Stefan started and later successfully sold a manufacturing enterprise outside of the mining sector. ```
Mr. McEwen has been associated with the gold industry throughout his career, initially spending 18 years in the investment industry before becoming CEO of several gold mining companies since 1990. He is the founder of Goldcorp, where he significantly grew the company's market capitalization from $50 million to over $8 billion. Rob McEwen took control of US Gold Corporation in 2005, which subsequently merged to form McEwen Mining Inc. in 2012. He is known for his innovative approach to exploration, including the "Goldcorp Challenge," which openly shared geological data to foster new discoveries. He currently owns a significant stake (14-18%) in McEwen (MUX) and 13% of McEwen Copper, and takes an annual salary of $1. He was invested into the Order of Canada in 2008 and inducted into the Canadian Mining Hall of Fame in 2017.
Perry Ing, Chief Financial Officer
Mr. Ing possesses 25 years of experience in the Canadian mining industry. Over the past 15 years, he has held Chief Financial Officer positions at Mountain Province Diamonds, Kirkland Lake Gold, and McEwen Mining, having previously served as CFO for McEwen Mining from 2008 to 2015 and rejoining in 2022. His earlier career included roles at Barrick Gold and Goldcorp, and he began in the mining practice at PwC. Mr. Ing holds a Bachelor of Commerce degree and is a Chartered Professional Accountant in Canada and the United States, as well as a CFA Charterholder.
William Shaver, Chief Operating Officer
Mr. Shaver is a seasoned mining executive with over 50 years of management and executive experience spanning all facets of mine design, construction, and operations. In 1980, he co-founded Dynatec Corporation, which grew to become one of North America's leading contracting and mine operating groups. He was recognized as the Ernst and Young Entrepreneur of the Year in 2013 for his dedication to innovation in the mining industry. Most recently, he served as Chief Operating Officer of INV Metals prior to its acquisition by Dundee Precious Metals. He became interim COO of McEwen Mining in May 2022.
Michael R. Meding, Vice President and General Manager - McEwen Copper
Mr. Meding brings over 20 years of international experience, primarily gained with major mining companies such as Barrick Gold and Trafigura. He has extensive experience in project development and operations in Argentina, where he played a key role in the turnaround and extension of the mine life at Barrick Gold's Veladero mine, as well as its subsequent strategic partnering with Shandong Gold. Mr. Meding is trilingual (Spanish-English-German) and holds an MBA from Indiana University in Pennsylvania and an MBA from the Leipzig Graduate School of Management in Germany.
Stefan Spears, Vice President - Corporate Development
Mr. Spears has been with McEwen and its predecessor companies since 2005. In 2008, he was appointed Vice President of Projects, overseeing the early development of the company's US-based portfolio of assets, including the Gold Bar Mine, from exploration to pre-feasibility and permitting. Between 2012 and 2015, Stefan started and later successfully sold a manufacturing enterprise outside of the mining sector. ```
AI Analysis | Feedback
The key risks to McEwen Mining Inc. (MUX) primarily revolve around its operational execution, the political and permitting landscape in its key operating regions, and the substantial capital requirements for its large-scale development projects.
- Operational Challenges and Execution Risk: McEwen Mining faces significant near-term operational challenges and execution risks across its existing mines. Poor operational execution has directly impacted cash flow, led to downward revisions in production guidance, and increased all-in sustaining costs. The company's financial results have been mixed, with a reported net loss in Q3 2025, partly due to a significant drop in production. Successful operational execution at key assets is considered critical for the company to achieve its financial targets and capitalize on favorable commodity prices.
- Country, Political, and Permitting Risks: The company operates in various jurisdictions, including Argentina, which presents considerable political, economic, and social risks. Macro volatility in Argentina, including foreign exchange controls and inflation, coupled with the need for provincial and community approvals, could significantly delay or hinder the development of major projects like the Los Azules copper deposit. Permitting delays and regulatory challenges are consistently highlighted as key constraints for McEwen Mining's operations and growth.
- Funding and Capital Needs for Development Projects: McEwen Mining's long-term value is tied to massive projects such as Los Azules, a significant copper play. The development of such large-scale projects entails substantial funding and capital requirements. While the company has shown improved liquidity and a relatively low debt-to-equity ratio, the ongoing need for significant capital could lead to potential project delays or future equity raises, which might dilute per-share outcomes.
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Addressable Markets for McEwen Mining Inc. (MUX) Products
Gold
- The global gold market was valued at approximately USD 291.68 billion in 2024 and is projected to reach USD 400 billion by the end of 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.51%. In terms of volume, the global gold market stood at 4,890.0 Tons in 2025 and is anticipated to grow to 7,424.4 Tons by 2034, with a CAGR of 4.70%.
- In Canada, the Gold & Silver Ore Mining market size was USD 21.7 billion in 2025 and is projected to reach USD 23.5 billion in 2026. Gold was Canada's most valuable mined commodity in 2024, with a production value of USD 16.9 billion.
- Mexico exported USD 7.37 billion of gold in 2024. The broader Mexico precious metal market, which includes gold, generated USD 91,855.6 million in 2024 and is expected to reach USD 167,696.8 million by 2030.
- Argentina exported USD 3.34 billion of gold in 2024. Gold was the largest contributor to Argentina's mining exports in 2023, accounting for 56% of the total (USD 2.299 billion). The Argentina precious metal market, including gold, generated USD 8,868.2 million in 2024 and is expected to reach USD 13,231.1 million by 2030.
Silver
- The global silver market size was valued at USD 87.12 billion in 2024 and is projected to grow to USD 202.07 billion by 2033, exhibiting a CAGR of 9.86%. Global silver demand is expected to remain broadly stable at 1.20 billion ounces in 2025.
- In Canada, the Gold & Silver Ore Mining market size was USD 21.7 billion in 2025 and is projected to reach USD 23.5 billion in 2026. Silver is considered the most lucrative metal segment in the Canada precious metal market, which had a revenue of USD 22,969.2 million in 2024 and is expected to reach USD 43,035.4 million by 2030.
- Silver is the most lucrative metal segment within the Mexico precious metal market, which generated USD 91,855.6 million in 2024 and is expected to reach USD 167,696.8 million by 2030.
- Silver is the most lucrative metal segment within the Argentina precious metal market, which generated USD 8,868.2 million in 2024 and is expected to reach USD 13,231.1 million by 2030.
Copper
- The global copper market size was valued at USD 320.86 billion in 2024 and is poised to grow to USD 506.36 billion by 2033, at a CAGR of 5.2%. Another report estimates the global copper market size at USD 241.88 billion in 2024, projected to reach USD 339.95 billion by 2030, with a CAGR of 6.5%.
- The U.S. copper market size was estimated at USD 14.39 billion in 2024 and is projected to reach USD 19.68 billion by 2030, growing at a CAGR of 6.0%.
- The Canada copper mining market generated USD 4,603.6 million in 2022 and is expected to reach USD 6,862.1 million by 2030, growing at a CAGR of 5.1%.
- The Mexico copper market size was valued at USD 2.97 billion in 2025 and is expected to reach USD 5.17 billion by 2035, growing at a CAGR of 5.70%.
- Information on the specific addressable market size for copper in Argentina was not readily available in the search results.
AI Analysis | Feedback
McEwen Mining Inc. (MUX) is poised for future revenue growth over the next 2-3 years driven by several key operational expansions and new production initiatives across its diverse portfolio of precious and base metals projects.
Here are 3-5 expected drivers of future revenue growth for McEwen Mining:
- Increased Production from the Fox Complex (Canada): The company anticipates significant growth from its Fox Complex in Ontario. Specifically, the Stock mine is projected to commence initial production in mid-2026, with commercial production expected in 2027. Additionally, an upcoming Pre-Feasibility Study for the Grey Fox deposit, scheduled for Q2 2026, is expected to outline plans to materially extend the mine life, contributing to a combined annual production target of 75,000 to 90,000 Gold Equivalent Ounces (GEOs) from Stock and Grey Fox once fully operational.
- Mine Life Extension and Resource Expansion at Gold Bar (USA): McEwen Mining is actively pursuing efforts to extend the life and increase production at its Gold Bar mine complex in Eureka County, Nevada. Exploration success at new zones like Lookout Mountain, Windfall, and Unity Ridge is expected to boost resources and utilize existing heap leach infrastructure. Development work to advance these areas is a focus for 2026, with an approved plan amendment for Gold Bar South adding acreage for operations.
- Initiation of Phase 1 Production at El Gallo (Mexico): The company is targeting mid-2027 for the start of Phase 1 production at its El Gallo Project in Sinaloa, Mexico. This phase is projected to yield approximately 20,000 GEOs annually once commercial production is achieved, introducing a new source of gold and silver revenue.
- Advancement of the Los Azules Copper Project (Argentina): Although direct copper production revenue is targeted for 2030, the significant progress on the Los Azules copper deposit is a critical long-term value driver. A robust feasibility study was completed in October 2025, and the project secured approval under Argentina's Large Investment Incentive Regime (RIGI) in September 2025, providing regulatory and fiscal stability. Construction is planned to begin in 2026 or early 2027, subject to financing, with a potential IPO of McEwen Copper later in 2026 aiming to unlock substantial value and fund its development. This progress significantly enhances McEwen Mining's asset valuation and financial flexibility to support other revenue-generating projects.
AI Analysis | Feedback
Capital Allocation Decisions (2021-2025)
Share Issuance
- In February 2025, McEwen Mining completed an offering of $110 million in 5.25% convertible senior unsecured notes due 2030, aimed at funding growth initiatives and minimizing potential dilution.
- In July 2024, McEwen Mining and its Chairman, Rob McEwen, invested $14 million and $5 million respectively, as part of a $70 million financing for its subsidiary, McEwen Copper, at $30 per share.
- A flow-through financing of $11.3 million (CAD$16.4 million) was completed in June 2024 to fund capital expenditures for the Stock mine's portal and ramp development.
Inbound Investments
- Rob McEwen, Chairman and Chief Owner, has made significant personal investments in McEwen Mining and McEwen Copper, exceeding $250 million as of March 2026.
- In December 2024, McEwen Copper, a subsidiary, secured a $35 million investment from Nuton, a Rio Tinto venture, to further develop the Los Azules project.
- Following an October 2023 financing, the share ownership structure of McEwen Copper included Stellantis with 19.4% and Nuton (a Rio Tinto venture) with 14.5%.
Outbound Investments
- McEwen Mining and Rob McEwen collectively invested $19 million in McEwen Copper as part of a $70 million financing round in July 2024.
- The company is set to own approximately 7.1% of Canadian Gold Corp on a partially diluted basis.
Capital Expenditures
- In 2024, McEwen Mining's capital expenditures were $43.1 million.
- For 2026, anticipated capital expenditures include $50 to $60 million for the completion of the Stock mine at the Fox complex, $12 million for a heap leach expansion at Gold Bar, and $25 million for plant refurbishment in Mexico.
- A significant focus in 2025 was the development of underground ramp access to the Stock orebodies at the Fox Complex, with funding from a June 2024 flow-through financing and a February 2025 convertible notes financing.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Would You Still Hold McEwen Stock If It Fell 30%? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 17.39 |
| Mkt Cap | 9.4 |
| Rev LTM | 1,734 |
| Op Inc LTM | 703 |
| FCF LTM | 486 |
| FCF 3Y Avg | 178 |
| CFO LTM | 714 |
| CFO 3Y Avg | 368 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 70.7% |
| Rev Chg 3Y Avg | 37.2% |
| Rev Chg Q | 97.9% |
| QoQ Delta Rev Chg LTM | 17.4% |
| Op Inc Chg LTM | 265.5% |
| Op Inc Chg 3Y Avg | 333.1% |
| Op Mgn LTM | 37.1% |
| Op Mgn 3Y Avg | 18.6% |
| QoQ Delta Op Mgn LTM | 5.6% |
| CFO/Rev LTM | 43.4% |
| CFO/Rev 3Y Avg | 25.8% |
| FCF/Rev LTM | 31.3% |
| FCF/Rev 3Y Avg | 7.1% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| United States of America (USA) | 117 | 105 | 83 | 48 | |
| Canada | 76 | 68 | 81 | 61 | |
| Mexico | 5 | 2 | 2 | 2 | |
| McEwen Copper | 0 | 0 | 0 | 0 | |
| Minera Santa Cruz S.A. (MSC) | 0 | 0 | 0 | 0 | |
| Single Segment | 137 | ||||
| Total | 198 | 174 | 166 | 110 | 137 |
| $ Mil | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|
| Mexico | 24 | -10 | -3 | -43 | -36 |
| Corporate and Other tag | -8 | ||||
| Argentina | -23 | -286 | -140 | -8 | |
| USA | -42 | -106 | -47 | -25 | -15 |
| Corporate and Other | -8 | -10 | -15 | -9 | |
| Total | -49 | -410 | -200 | -91 | -60 |
| $ Mil | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|
| Argentina | 361 | 383 | 674 | 825 | |
| Mexico | 63 | 59 | 54 | 47 | 34 |
| USA | 37 | 75 | 177 | 220 | 238 |
| Corporate and Other tag | 14 | ||||
| Corporate and Other | 7 | 17 | 58 | 38 | |
| Total | 475 | 523 | 923 | 1,151 | 310 |
Price Behavior
Price Behavior
| Market Price | $17.85 | |
| Market Cap ($ Bil) | 1.1 | |
| First Trading Date | 05/07/1980 | |
| Distance from 52W High | -38.6% | |
| 50 Days | 200 Days | |
| DMA Price | $20.11 | $20.98 |
| DMA Trend | up | down |
| Distance from DMA | -11.2% | -14.9% |
| 3M | 1YR | |
| Volatility | 66.1% | 67.2% |
| Downside Capture | 550.55 | 232.08 |
| Upside Capture | 237.32 | 239.09 |
| Correlation (SPY) | 71.7% | 40.7% |
MUX Betas & Captures as of 6/30/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 3.15 | 3.51 | 3.37 | 2.65 | 2.11 | 1.29 |
| Up Beta | 2.09 | 2.92 | 2.41 | 2.21 | 2.16 | 1.15 |
| Down Beta | 3.51 | 3.61 | 3.65 | 2.14 | 2.01 | 1.31 |
| Up Capture | 263% | 292% | 318% | 430% | 471% | 343% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 10 | 20 | 34 | 68 | 138 | 383 |
| Down Capture | 356% | 384% | 418% | 231% | 154% | 107% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 11 | 21 | 29 | 57 | 112 | 359 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MUX | |
|---|---|---|---|---|
| MUX | 63.0% | 67.1% | 1.00 | - |
| Sector ETF (XLB) | 12.3% | 17.6% | 0.50 | 45.6% |
| Equity (SPY) | 21.7% | 12.6% | 1.28 | 40.6% |
| Gold (GLD) | 20.5% | 27.9% | 0.65 | 75.4% |
| Commodities (DBC) | 27.3% | 18.9% | 1.14 | 15.5% |
| Real Estate (VNQ) | 13.0% | 13.9% | 0.64 | 13.1% |
| Bitcoin (BTCUSD) | -47.0% | 42.7% | -1.37 | 34.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MUX | |
|---|---|---|---|---|
| MUX | -33.8% | 74.6% | 0.01 | - |
| Sector ETF (XLB) | 6.4% | 19.1% | 0.23 | 35.4% |
| Equity (SPY) | 13.1% | 17.1% | 0.59 | 29.0% |
| Gold (GLD) | 17.2% | 18.4% | 0.76 | 50.7% |
| Commodities (DBC) | 8.6% | 19.5% | 0.33 | 21.5% |
| Real Estate (VNQ) | 2.7% | 18.9% | 0.04 | 21.1% |
| Bitcoin (BTCUSD) | 12.8% | 53.4% | 0.42 | 17.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MUX | |
|---|---|---|---|---|
| MUX | -27.1% | 69.6% | -0.02 | - |
| Sector ETF (XLB) | 10.3% | 20.6% | 0.44 | 28.0% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 22.6% |
| Gold (GLD) | 11.2% | 16.1% | 0.57 | 53.6% |
| Commodities (DBC) | 6.3% | 18.0% | 0.27 | 21.4% |
| Real Estate (VNQ) | 5.0% | 20.7% | 0.21 | 18.7% |
| Bitcoin (BTCUSD) | 57.3% | 66.2% | 0.97 | 13.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/11/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/8/2026 | 3.6% | 6.3% | -21.3% |
| 3/12/2026 | -5.0% | -19.9% | -4.2% |
| 11/7/2025 | 2.6% | 9.0% | 23.6% |
| 8/8/2025 | 2.3% | -0.2% | 32.9% |
| 5/13/2025 | -2.5% | 4.3% | 29.1% |
| 3/24/2025 | 2.1% | -2.8% | -1.7% |
| 2/6/2025 | -14.7% | -11.9% | -19.2% |
| 11/8/2024 | -6.4% | -5.5% | -4.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 12 | 15 |
| # Negative | 12 | 13 | 10 |
| Median Positive | 2.3% | 8.3% | 13.1% |
| Median Negative | -2.5% | -6.2% | -6.8% |
| Max Positive | 13.5% | 32.4% | 72.6% |
| Max Negative | -14.7% | -19.9% | -21.3% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/8/2026 | 3.6% | 6.3% | -21.3% |
| 3/12/2026 | -5.0% | -19.9% | -4.2% |
| 11/7/2025 | 2.6% | 9.0% | 23.6% |
| 8/8/2025 | 2.3% | -0.2% | 32.9% |
| 5/13/2025 | -2.5% | 4.3% | 29.1% |
| 3/24/2025 | 2.1% | -2.8% | -1.7% |
| 2/6/2025 | -14.7% | -11.9% | -19.2% |
| 11/8/2024 | -6.4% | -5.5% | -4.0% |
| 8/9/2024 | 0.2% | 8.0% | 0.7% |
| 3/1/2024 | 11.6% | 31.3% | 72.6% |
| 11/13/2023 | 13.5% | 14.6% | 13.1% |
| 8/11/2023 | -1.8% | -7.7% | -9.3% |
| 5/9/2023 | -1.6% | -6.4% | -3.5% |
| 3/14/2023 | -2.5% | 4.0% | 33.0% |
| 11/7/2022 | 11.5% | 32.4% | 40.6% |
| 8/11/2022 | 2.4% | -5.8% | 12.5% |
| 5/11/2022 | -5.2% | -1.7% | 2.0% |
| 3/1/2022 | 0.4% | 21.3% | 10.2% |
| 11/4/2021 | 1.8% | 4.5% | -14.5% |
| 8/5/2021 | -2.6% | -6.9% | 2.6% |
| 5/7/2021 | -3.8% | -3.8% | 12.3% |
| 3/12/2021 | 0.9% | 0.9% | 1.8% |
| 1/4/2021 | 0.0% | -6.2% | 21.0% |
| 10/30/2020 | -2.4% | 8.5% | -1.6% |
| 8/7/2020 | -1.4% | -7.7% | -12.0% |
| SUMMARY STATS | |||
| # Positive | 13 | 12 | 15 |
| # Negative | 12 | 13 | 10 |
| Median Positive | 2.3% | 8.3% | 13.1% |
| Median Negative | -2.5% | -6.2% | -6.8% |
| Max Positive | 13.5% | 32.4% | 72.6% |
| Max Negative | -14.7% | -19.9% | -21.3% |
Recent Forward Guidance
Updated 7/12/2026Latest: Q1 2026 Earnings Reported 5/8/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Consolidated Production | 0.11 Mil | 0.12 Mil | 0.13 Mil | 0 | Affirmed | Guidance: 0.12 Mil for 2026 | |
| 2026 Gold Bar Mine Complex Production | 39,000 | 41,000 | 43,000 | ||||
| 2026 Fox Complex Production | 16,000 | 17,500 | 19,000 | ||||
| 2026 San José Mine Production | 59,000 | 61,500 | 64,000 | ||||
| 2026 Dividends from San José | 40.00 Mil | 45.00 Mil | 50.00 Mil | ||||
Prior: Q4 2025 Earnings Reported 3/12/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Consolidated Production | 0.11 Mil | 0.12 Mil | 0.13 Mil | 2.1% | Higher New | Guidance: 0.12 Mil for 2025 | |
| 2026 Cash Costs/GEO | 2,100 | 2,200 | 2,300 | ||||
| 2026 AISC/GEO | 2,400 | 2,500 | 2,600 | ||||
Q3 2025 Earnings Reported 11/7/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Consolidated Production | 0.11 Mil | 0.12 Mil | 0.12 Mil | -9.6% | Lowered | Guidance: 0.13 Mil for 2025 | |
| 2025 Gold Bar Mine Complex Production | 32,000 | 33,500 | 35,000 | -21.2% | Lowered | Guidance: 42,500 for 2025 | |
| 2025 Fox Complex Production | 25,000 | 26,500 | 28,000 | -18.5% | Lowered | Guidance: 32,500 for 2025 | |
| 2025 San Jos e Mine Production | 55,000 | 57,500 | 60,000 | 4.5% | Raised | Guidance: 55,000 for 2025 | |
Insider Activity
Updated 6/30/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Kaszas, Stephen Douglas | Direct | Buy | 6092026 | 18.36 | 1,000 | 18,360 | 29,762 | Form | |
| 2 | Spears, Stephan Michael | VP Corporate Development | Direct | Sell | 11192025 | 14.35 | 12,600 | 180,781 | 54,722 | Form |
| 3 | Brissenden, Richard W | Direct | Sell | 9242025 | 14.89 | 11,203 | 166,772 | 140,006 | Form | |
| 4 | Chan, Jeffrey | VP - Finance | Direct | Sell | 9242025 | 14.89 | 13,333 | 198,526 | 33,755 | Form |
| 5 | Diges, Carmen L | General Counsel/Corp Sec | Direct | Sell | 9232025 | 14.34 | 21,000 | 301,237 | 3,085,466 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Kaszas, Stephen Douglas | Direct | Buy | 6092026 | 18.36 | 1,000 | 18,360 | 29,762 | Form | |
| 2 | Spears, Stephan Michael | VP Corporate Development | Direct | Sell | 11192025 | 14.35 | 12,600 | 180,781 | 54,722 | Form |
| 3 | Brissenden, Richard W | Direct | Sell | 9242025 | 14.89 | 11,203 | 166,772 | 140,006 | Form | |
| 4 | Chan, Jeffrey | VP - Finance | Direct | Sell | 9242025 | 14.89 | 13,333 | 198,526 | 33,755 | Form |
| 5 | Diges, Carmen L | General Counsel/Corp Sec | Direct | Sell | 9232025 | 14.34 | 21,000 | 301,237 | 3,085,466 | Form |
| 6 | McEwen, Robert Ross | Chairman and CEO | Direct | Sell | 9232025 | 14.35 | 50,000 | 717,335 | 6,456,015 | Form |
| 7 | Ball, Ian J | Canadian RRSP Account | Sell | 8142025 | 10.49 | 2,656 | Form |
Investor Activity (13F)
Updated Jul 15, 202613F holdings as of Mar 31, 2026 (Q1 2026)
Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank and community-bank filers are excluded.
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Acasta Partners UK LLP | $21.1 Mil | 8.0% | 19 | New | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Acasta Partners UK LLP | $21.1 Mil | 8.0% | 19 | New | 13F |
| Active Manager |
|---|
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Acasta Partners UK LLP | $21.1 Mil | 8.0% | 19 | New | 13F |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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