McEwen Mining (MUX) Stock Price, News & Analysis

Company Overview

McEwen Mining Inc. engages in the exploration, development, production, and sale of gold and silver. It also explores for copper deposits. The company owns 100% interests in the El Gallo and Fenix projects located in Mexico; and the Black Fox Mine and Stock Mill, Grey Fox, and Froome and Tamarack properties in Canada. It also owns interests in the Fuller, Davidson-Tisdale, Buffalo Ankerite, and Paymaster exploration properties located in Canada; and a 49% interest in the San José mine located in Argentina. In addition, the company owns 100% interests in the Gold Bar and Tonkin properties located in Eureka County, Nevada; and interests in the Los Azules copper project located in the cordilleran region in the province of San Juan, Argentina. The company was formerly known as US Gold Corporation and changed its name to McEwen Mining Inc. in January 2012. McEwen Mining Inc. was founded in 1979 and is headquartered in Toronto, Canada.

Key Stats

• Today's Range: $9.84 to $10.21
• 50-Day Range: $8.34 to $10.18
• 52-Week Range: $5.92 to $12.50
• Volume: 432,678 shs
• Average Volume: 667,424 shs
• Market Capitalization: $516.36 million
• P/E Ratio: 5.51
• Dividend Yield: N/A
• Price Target: $13.50
• Consensus Rating: Buy

McEwen Mining Stock Analysis - MarketRank™

McEwen Mining scored higher than 80% of companies evaluated by MarketBeat, and ranked 68th out of 195 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

McEwen Mining has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

McEwen Mining has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for McEwen Mining are expected to grow in the coming year, from ($0.73) to ($0.18) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of McEwen Mining is 5.51, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.34.

Price to Earnings Ratio vs. Sector

The P/E ratio of McEwen Mining is 5.51, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 127.58.

Price to Book Value per Share Ratio

McEwen Mining has a P/B Ratio of 1.00. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.06% of the float of McEwen Mining has been sold short.

Short Interest Ratio / Days to Cover

McEwen Mining has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in McEwen Mining has recently decreased by 4.90%, indicating that investor sentiment is improving.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

McEwen Mining does not currently pay a dividend.

Dividend Growth

McEwen Mining does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of McEwen Mining is 0.61%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.06% of the float of McEwen Mining has been sold short.

Short Interest Ratio / Days to Cover

McEwen Mining has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in McEwen Mining has recently decreased by 4.90%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.95

News Sentiment

McEwen Mining has a news sentiment score of 0.95. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.34 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for McEwen Mining this week, compared to 2 articles on an average week.

Search Interest

Only 4 people have searched for MUX on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, McEwen Mining insiders have not sold or bought any company stock.

Percentage Held by Insiders

17.11% of the stock of McEwen Mining is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 17.03% of the stock of McEwen Mining is held by institutions.

MUX Stock Analysis - Frequently Asked Questions

How have MUX shares performed this year?

McEwen Mining's stock was trading at $7.21 on January 1st, 2024. Since then, MUX stock has increased by 40.5% and is now trading at $10.13.
View the best growth stocks for 2024 here.

How were McEwen Mining's earnings last quarter?

McEwen Mining Inc (NYSE:MUX) announced its earnings results on Wednesday, August, 7th. The basic materials company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.22) by $0.04. The basic materials company had revenue of $47.48 million for the quarter, compared to analysts' expectations of $43.90 million. McEwen Mining had a net margin of 46.32% and a trailing twelve-month return on equity of 18.08%.

When did McEwen Mining's stock split?

Shares of McEwen Mining reverse split on the morning of Tuesday, July 26th 2022. The 1-10 reverse split was announced on Tuesday, July 26th 2022. The number of shares owned by shareholders was adjusted after the market closes on Tuesday, July 26th 2022. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

Does McEwen Mining have any subsidiaries?

The following companies are subsidiaries of McEwen Mining: 10393444 Canada Inc., 11195581 Canada Inc., 912413 Ontario Inc., Andes Corporacion Minera S.A., Compania Minera Pangea S.A. de C.V., Gold Bar Enterprises LLC, Golden Pick LLC, and others.

How do I buy shares of McEwen Mining?

Shares of MUX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of McEwen Mining own?

Based on aggregate information from My MarketBeat watchlists, some other companies that McEwen Mining investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), General Electric (GE), Advanced Micro Devices (AMD), Eli Lilly and Company (LLY) and Adobe (ADBE).

Company Calendar

• Last Earnings: 8/07/2024
• Today: 10/17/2024
• Next Earnings (Estimated): 11/13/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Basic Materials
• Industry: Gold & silver ores
• Sub-Industry: Precious Metals & Minerals
• Current Symbol: NYSE:MUX
• Previous Symbol: NYSE:UXG
• CUSIP: 58039P10
• CIK: 314203
• Web: www.mcewenmining.com
• Phone: 866-441-0690
• Fax: 64-7258-0408
• Employees: 427
• Year Founded: 1979

Price Target and Rating

• Average Stock Price Target: $13.50
• High Stock Price Target: $15.00
• Low Stock Price Target: $12.00
• Potential Upside/Downside: +33.3%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.64
• Trailing P/E Ratio: 5.51
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $55.30 million
• Net Margins: 46.32%
• Pretax Margin: 59.74%
• Return on Equity: 18.08%
• Return on Assets: 13.69%

Debt

• Debt-to-Equity Ratio: 0.07
• Current Ratio: 1.68
• Quick Ratio: 1.21

Sales & Book Value

• Annual Sales: $185.79 million
• Price / Sales: 2.78
• Cash Flow: $1.74 per share
• Price / Cash Flow: 5.81
• Book Value: $10.16 per share
• Price / Book: 1.00

Miscellaneous

• Outstanding Shares: 50,973,000
• Free Float: 42,334,000
• Market Cap: $516.36 million
• Optionable: Optionable
• Beta: 1.44