$22.38Peak — highest point inside the window, not a realized return
$20.16Window close — end-of-window price, context only
What happened
Partial
Reached 7% of the predicted growth at its peak, without hitting the target.
At window close
-8.8%
realized, from the publication price to the last close inside the window
Peak gain
+1.3%
peak, from the publication price — not a realized return
S&P 500, same window
+1.2%
SPY over the identical days, dividend-adjusted
Window close
$20.16
last close inside the window, ended August 31, 2026
Peak price
$22.38
peak on June 2, 2026 — not a realized return
Days to target
—
The thesis — published June 2, 2026
Predicted growth
+18%
over the measurement window
Target price
$26.08
the price the thesis aimed for
Entry zone
$21.00 – $22.25
the fair-value band we waited for
Price at publication
$22.10
published June 2, 2026
Confidence
69%
how strongly the data lined up
Timeframe
Short-term (0–3 months)
McEwen is a small precious-metals miner that could move up quickly when metals rally, and its balance sheet looks stronger than peers because of a recent cash dividend from San Jose and outside interest in its Los Azules copper project. Thin trading and swings in quarterly results mean the upside is plausible but not certain.
Primary drivers
San Jose cash dividend gives more internal funding flexibility
Interest in Los Azules adds possible strategic options
Leverage to metals prices can create strong upside moves
Low trading volume and bumpy earnings limit conviction
Prices are shown split- and dividend-adjusted, matching what public charts show today.
Share this receipt
A scored call, published before the outcome was known. Paste the link anywhere — it unfurls as the card above.