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: $7.84 to $8.17
• 50-Day Range: $7.85 to $11.16
• 52-Week Range: $5.92 to $12.50
• Volume: 676,031 shs
• Average Volume: 659,752 shs
• Market Capitalization: $422.34 million
• P/E Ratio: 3.64
• Dividend Yield: N/A
• Price Target: $15.63
• Consensus Rating: Buy

McEwen Mining Stock Analysis - MarketRank™

McEwen Mining scored higher than 75% of companies evaluated by MarketBeat, and ranked 93rd out of 193 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 only been the subject of 2 research reports 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 ($0.68) to ($0.08) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of McEwen Mining is 3.64, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.72.

Price to Earnings Ratio vs. Sector

The P/E ratio of McEwen Mining is 3.64, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 111.90.

Price to Book Value per Share Ratio

McEwen Mining has a P/B Ratio of 0.79. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.99% 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 2.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in McEwen Mining has recently increased by 24.30%, indicating that investor sentiment is decreasing significantly.

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 0.46%. 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

2.99% 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 2.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in McEwen Mining has recently increased by 24.30%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.6 / 5
• News Sentiment: N/A

News Sentiment

McEwen Mining has a news sentiment score of -0.16. 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 lower news sentiment than the 0.53 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 1 news article for McEwen Mining this week, compared to 3 articles on an average week.

MarketBeat Follows

5 people have added McEwen Mining to their MarketBeat watchlist in the last 30 days. This is an increase of 25% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, McEwen Mining insiders have bought more of their company's stock than they have sold. Specifically, they have bought $19,125.00 in company stock and sold $0.00 in 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 at the start of the year. Since then, MUX stock has increased by 10.7% and is now trading at $7.98.
View the best growth stocks for 2024 here.

How were McEwen Mining's earnings last quarter?

McEwen Mining Inc (NYSE:MUX) released its quarterly earnings results on Tuesday, November, 5th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by $0.08. The basic materials company had revenue of $52.25 million for the quarter, compared to analyst estimates of $48.60 million. McEwen Mining had a net margin of 51.31% and a trailing twelve-month return on equity of 20.77%.

When did McEwen Mining's stock split?

McEwen Mining's stock reverse split before market open on 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 closing bell 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?

McEwen Mining subsidiaries include 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 more.

Who are McEwen Mining's major shareholders?

Top institutional shareholders of McEwen Mining include Van ECK Associates Corp (4.25%), State Street Corp (2.12%), Polunin Capital Partners Ltd (1.30%) and Geode Capital Management LLC (0.89%). Insiders that own company stock include Perry Ing, Carmen L Diges, Ian J Ball, Nicolas Darveau-Garneau, Stephan Michael Spears and G Peter Mah.
View institutional ownership trends.

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: 11/05/2024
• Today: 12/20/2024
• 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: $15.63
• High Stock Price Target: $19.00
• Low Stock Price Target: $12.25
• Potential Upside/Downside: +95.8%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.19
• Trailing P/E Ratio: 3.64
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $55.30 million
• Net Margins: 51.31%
• Pretax Margin: 69.29%
• Return on Equity: 20.77%
• Return on Assets: 15.70%

Debt

• Debt-to-Equity Ratio: 0.06
• Current Ratio: 1.17
• Quick Ratio: 0.74

Sales & Book Value

• Annual Sales: $199.63 million
• Price / Sales: 2.12
• Cash Flow: $1.63 per share
• Price / Cash Flow: 4.89
• Book Value: $10.16 per share
• Price / Book: 0.79

Miscellaneous

• Outstanding Shares: 52,925,000
• Free Float: 43,870,000
• Market Cap: $422.34 million
• Optionable: Optionable
• Beta: 1.43