(MUX) McEwen Mining - NYSE
Sector: Basic Materials | Industry: Other Precious Metals & Mining | Exchange: NYSE (USA) | Market Cap: 1.130m USD | Total Return: -8.6% in 12m
Avg Turnover: 20.1M
Qual. Beats: 0
Rev. Trend: 74.0%
Qual. Beats: 1
Warnings
Share dilution 35.8% YoY
Altman Z'' -1.55 < 1.0 - financial distress zone
Choppy Below Avwap Earnings
Tailwinds
No distinct edge detected
McEwen Inc. is a precious metals producer and explorer with a diversified portfolio of gold, silver, and copper assets across North America and Argentina. The company operates the Gold Bar mine in Nevada and the Fox Complex in Ontario, while advancing the Fenix project in Mexico and maintaining extensive exploration claims in multiple jurisdictions. Formerly known as McEwen Mining Inc., the firm rebranded in June 2025 to reflect its broader resource focus, which includes significant copper interests alongside its core gold and silver production.
The gold mining sector operates through a capital-intensive business model where profitability is heavily influenced by the All-In Sustaining Cost (AISC) relative to fluctuating global spot prices. Unlike traditional manufacturing, mining companies must continuously invest in exploration to replace depleted reserves and maintain long-term production viability. You can assess how these operational costs impact the companys valuation by exploring further data on ValueRay. Geopolitical stability in mining jurisdictions like Canada and the United States remains a primary factor in de-risking the supply chains for these industrial and precious metals.
- Gold production growth at Fox Complex and Gold Bar drives quarterly revenue
- Los Azules copper project development progress impacts long-term valuation premiums
- Fluctuations in spot gold and silver prices dictate operating cash flow
- High AISC levels relative to peers increase sensitivity to metal price volatility
- Political and regulatory stability in Argentina affects Los Azules project timelines
| Net Income: 74.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.02 > 0.02 and ΔFCF/TA 1.59 > 1.0 |
| NWC/Revenue: 5.58% < 20% (prev 36.19%; Δ -30.62% < -1%) |
| CFO/TA 0.02 > 3% & CFO 20.9m > Net Income 74.1m |
| Net Debt (58.9m) to EBITDA (79.0m): 0.75 < 3 |
| Current Ratio: 1.14 > 1.5 & < 3 |
| Outstanding Shares: last quarter (58.9m) vs 12m ago 10.49% < -2% |
| Gross Margin: 23.28% > 18% (prev 20.71%; Δ 2.57% > 0.5%) |
| Asset Turnover: 27.70% > 50% (prev 23.12%; Δ 4.58% > 0%) |
| Interest Coverage Ratio: 6.53 > 6 (EBIT TTM 48.7m / Interest Expense TTM 7.47m) |
| A: 0.01 (Total Current Assets 109.8m - Total Current Liabilities 96.7m) / Total Assets 972.6m |
| B: -1.28 (Retained Earnings -1.24b / Total Assets 972.6m) |
| C: 0.06 (EBIT TTM 48.7m / Avg Total Assets 851.6m) |
| D: 2.03 (Book Value of Equity 652.0m / Total Liabilities 320.6m) |
| Altman-Z'' = -1.55 = D |
As of June 15, 2026, the stock is trading at USD 18.91 with a total of 922,755 shares traded.
Over the past week, the price has changed by +3.42%,
over one month by +9.52%,
over three months by +0.52% and
over the past year by -8.56%.
McEwen Mining has received a consensus analysts rating of 4.40. Therefore, it is recommended to buy MUX.
- StrongBuy: 2
- Buy: 3
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 32.1 | 69.8% |
P/E Trailing = 16.0254
P/E Forward = 10.989
P/S = 4.7887
P/B = 1.7328
Revenue TTM = 235.9m USD
EBIT TTM = 48.7m USD
EBITDA TTM = 79.0m USD
Long Term Debt = 123.4m USD (from longTermDebt, last quarter)
Short Term Debt = 3.82m USD (from shortTermDebt, last quarter)
Debt = 128.9m USD (corrected: LT Debt 123.4m + ST Debt 3.82m) + Leases 1.75m
Net Debt = 58.9m USD (calculated: Debt 128.9m - CCE 70.1m)
Enterprise Value = 1.19b USD (1.13b + Debt 128.9m - CCE 70.1m)
Interest Coverage Ratio = 6.53 (Ebit TTM 48.7m / Interest Expense TTM 7.47m)
EV/FCF = -50.03x (Enterprise Value 1.19b / FCF TTM -23.8m)
FCF Yield = -2.00% (FCF TTM -23.8m / Enterprise Value 1.19b)
FCF Margin = -10.07% (FCF TTM -23.8m / Revenue TTM 235.9m)
Net Margin = 31.40% (Net Income TTM 74.1m / Revenue TTM 235.9m)
Gross Margin = 23.28% ((Revenue TTM 235.9m - Cost of Revenue TTM 181.0m) / Revenue TTM)
Gross Margin QoQ = 33.96% (prev 26.92%)
Tobins Q-Ratio = 1.22 (Enterprise Value 1.19b / Total Assets 972.6m)
Interest Expense / Debt = 5.79% (Interest Expense 7.47m / Debt 128.9m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 38.5m (EBIT 48.7m * (1 - 21.00%))
Current Ratio = 1.14 (Total Current Assets 109.8m / Total Current Liabilities 96.7m)
Debt / Equity = 0.20 (Debt 128.9m / totalStockholderEquity, last quarter 652.0m)
Debt / EBITDA = 0.75 (Net Debt 58.9m / EBITDA 79.0m)
Debt / FCF = -2.48 (negative FCF - burning cash) (Net Debt 58.9m / FCF TTM -23.8m)
Total Stockholder Equity = 542.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 8.70% (Net Income 74.1m / Total Assets 972.6m)
RoE = 13.65% (Net Income TTM 74.1m / Total Stockholder Equity 542.8m)
RoCE = 7.32% (EBIT 48.7m / Capital Employed (Equity 542.8m + L.T.Debt 123.4m))
RoIC = 4.44% (NOPAT 38.5m / Invested Capital 868.0m)
WACC = 10.22% (E(1.13b)/V(1.26b) * Re(10.86%) + D(128.9m)/V(1.26b) * Rd(5.79%) * (1-Tc(0.21)))
Discount Rate = 10.86% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 94.39 | Cagr: 19.75%
[DCF] Fair Price = unknown (Cash Flow -23.8m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.84 | # QB: 0
Revenue Correlation: 74.01 | Revenue CAGR: 14.95% | SUE: 1.12 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.23 | Chg30d=-2.08% | Revisions=+20% | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.26 | Chg30d=-8.77% | Revisions=+20% | Analysts=2
EPS current Year (2026-12-31): EPS=1.72 | Chg30d=-10.88% | Revisions=-20% | GrowthEPS=+191.5% | GrowthRev=+43.7%
EPS next Year (2027-12-31): EPS=4.14 | Chg30d=-9.99% | Revisions=+0% | GrowthEPS=+141.0% | GrowthRev=+42.5%
[Analyst] Revisions Ratio: +20%