McEwen Mining Valuation

Is MUX2 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MUX2 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate MUX2's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate MUX2's fair value for valuation analysis.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for MUX2?

Other financial metrics that can be useful for relative valuation.

MUX2 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3.7x
Enterprise Value/EBITDA-8.7x
PEG Ratio-0.07x

Price to Earnings Ratio vs Peers

How does MUX2's PE Ratio compare to its peers?

The above table shows the PE ratio for MUX2 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.2x
AMAG AMAG Austria Metall
17.6x18.3%€931.0m
VOE Voestalpine
6.8x-1.9%€4.3b
MMK Mayr-Melnhof Karton
35.5x41.5%€2.3b
RSG Resolute Mining
9.1x2.4%AU$910.2m
MUX2 McEwen Mining
10.2x-146.9%€603.8m

Price-To-Earnings vs Peers: MUX2 is good value based on its Price-To-Earnings Ratio (10.2x) compared to the peer average (17.2x).


Price to Earnings Ratio vs Industry

How does MUX2's PE Ratio compare vs other companies in the European Metals and Mining Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a15.4%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a15.4%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: MUX2 is good value based on its Price-To-Earnings Ratio (10.2x) compared to the European Metals and Mining industry average (13.7x).


Price to Earnings Ratio vs Fair Ratio

What is MUX2's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MUX2 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.2x
Fair PE Ratio0.5x

Price-To-Earnings vs Fair Ratio: MUX2 is expensive based on its Price-To-Earnings Ratio (10.2x) compared to the estimated Fair Price-To-Earnings Ratio (0.5x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MUX2 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€11.10
€11.08
-0.2%
12.0%€12.59€9.33n/a4
Apr ’25€9.25
€10.82
+17.0%
11.1%€11.97€9.21n/a4
Mar ’25€6.20
€12.11
+95.4%
25.0%€17.07€9.23n/a4
Feb ’25€6.30
€12.69
+101.5%
21.7%€17.31€10.29n/a4
Jan ’25€6.70
€12.69
+89.4%
21.7%€17.31€10.29n/a4
Dec ’24€7.00
€12.69
+81.3%
21.7%€17.31€10.29n/a4
Nov ’24€6.25
€13.54
+116.7%
25.2%€19.40€11.12n/a4
Oct ’24€6.15
€12.05
+95.9%
25.7%€17.36€9.82n/a4
Sep ’24€7.50
€12.05
+60.6%
25.7%€17.36€9.82n/a4
Aug ’24€7.60
€11.89
+56.5%
24.3%€16.84€9.79n/a4
Jul ’24€6.60
€11.89
+80.2%
24.3%€16.84€9.79n/a4
Jun ’24€7.50
€11.78
+57.1%
24.9%€16.85€9.79n/a4
May ’24€7.50
€9.69
+29.2%
5.9%€10.09€8.71n/a4
Apr ’24€8.05
€9.95
+23.6%
5.9%€10.36€8.95€9.254
Mar ’24€6.55
€9.60
+46.6%
5.3%€10.37€8.96€6.204
Feb ’24€6.10
€9.50
+55.8%
3.5%€9.98€9.03€6.304
Jan ’24€5.50
€9.44
+71.6%
3.5%€9.91€8.96€6.704
Dec ’23€5.50
€9.68
+76.0%
5.7%€10.42€8.93€7.004
Nov ’23€3.90
€10.53
+170.1%
17.6%€13.64€8.77€6.254
Oct ’23€3.38
€10.53
+211.6%
17.6%€13.64€8.77€6.154
Sep ’23€2.99
€10.53
+251.8%
17.6%€13.64€8.77€7.504
Aug ’23€3.77
€13.46
+256.6%
21.0%€17.29€9.88€7.604
Jul ’23€4.11
€13.18
+221.1%
20.3%€16.77€9.59€6.604
Jun ’23€5.48
€13.18
+140.7%
20.3%€16.77€9.59€7.504
May ’23€6.62
€14.58
+120.3%
7.1%€15.82€13.56€7.504
Apr ’23€7.75
€14.58
+88.1%
7.1%€15.82€13.56€8.054

Analyst Forecast: Target price is less than 20% higher than the current share price.


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