McEwen Mining Inc.

LSE:0JZT Stock Report

Market Cap: US$432.9m

McEwen Mining Valuation

Is 0JZT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 0JZT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0JZT ($8.2) is trading below our estimate of fair value ($15.11)

Significantly Below Fair Value: 0JZT is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0JZT?

Key metric: As 0JZT is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0JZT. This is calculated by dividing 0JZT's market cap by their current earnings.
What is 0JZT's PE Ratio?
PE Ratio4.2x
EarningsUS$102.99m
Market CapUS$432.94m

Price to Earnings Ratio vs Peers

How does 0JZT's PE Ratio compare to its peers?

The above table shows the PE ratio for 0JZT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.3x
PAF Pan African Resources
10.5x29.5%UK£671.7m
SRB Serabi Gold
5.6x33.1%UK£89.0m
HOC Hochschild Mining
48.8x53.2%UK£1.1b
ALTN AltynGold
4.4xn/aUK£59.3m
0JZT McEwen Mining
4.2x-106.9%US$432.9m

Price-To-Earnings vs Peers: 0JZT is good value based on its Price-To-Earnings Ratio (4.2x) compared to the peer average (17.3x).

Price to Earnings Ratio vs Industry

How does 0JZT's PE Ratio compare vs other companies in the GB Metals and Mining Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NLMK Novolipetsk Steel
0.8xn/aUS$4.08b
EVR EVRAZ
0.4xn/aUS$1.42b
MTL Metals Exploration
0.9xn/aUS$126.71m
TGR Tirupati Graphite
1.2xn/aUS$10.50m
No more companies available in this PE range
0JZT 4.2xIndustry Avg. 9.1xNo. of Companies7PE0816243240+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0JZT is good value based on its Price-To-Earnings Ratio (4.2x) compared to the UK Metals and Mining industry average (9.1x).

Price to Earnings Ratio vs Fair Ratio

What is 0JZT'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.

0JZT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.2x
Fair PE Ratio1.8x

Price-To-Earnings vs Fair Ratio: 0JZT is expensive based on its Price-To-Earnings Ratio (4.2x) compared to the estimated Fair Price-To-Earnings Ratio (1.8x).

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 0JZT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$8.20
US$14.63
+78.4%
18.3%US$19.00US$12.00n/a4
Dec ’25US$8.35
US$14.44
+72.9%
19.5%US$19.00US$12.00n/a4
Nov ’25US$9.32
US$13.56
+45.6%
9.1%US$15.00US$12.00n/a4
Oct ’25US$9.29
US$13.38
+44.0%
10.4%US$15.00US$12.00n/a4
Sep ’25US$9.10
US$13.38
+47.1%
10.4%US$15.00US$12.00n/a4
Aug ’25US$8.90
US$13.38
+50.2%
10.4%US$15.00US$12.00n/a4
Jul ’25US$9.06
US$13.38
+47.7%
10.4%US$15.00US$12.00n/a4
Jun ’25US$11.92
US$13.13
+10.1%
9.5%US$15.00US$12.00n/a4
May ’25US$11.47
US$11.88
+3.5%
12.0%US$13.50US$10.00n/a4
Apr ’25US$9.94
US$11.75
+18.2%
11.1%US$13.00US$10.00n/a4
Mar ’25US$6.96
US$13.13
+88.6%
25.0%US$18.50US$10.00n/a4
Feb ’25US$6.91
US$13.56
+96.3%
21.7%US$18.50US$11.00n/a4
Jan ’25US$7.21
US$13.56
+88.1%
21.7%US$18.50US$11.00US$7.764
Dec ’24US$7.70
US$13.56
+76.1%
21.7%US$18.50US$11.00US$8.354
Nov ’24US$6.49
US$14.31
+120.7%
25.2%US$20.50US$11.75US$9.324
Oct ’24US$6.38
US$13.19
+106.7%
25.7%US$19.00US$10.75US$9.294
Sep ’24US$7.80
US$13.19
+69.1%
25.7%US$19.00US$10.75US$9.104
Aug ’24US$8.02
US$13.06
+62.9%
24.3%US$18.50US$10.75US$8.904
Jul ’24US$7.15
US$13.06
+82.7%
24.3%US$18.50US$10.75US$9.064
Jun ’24US$7.98
US$12.94
+62.2%
24.9%US$18.50US$10.75US$11.924
May ’24US$8.11
US$10.56
+30.2%
5.9%US$11.00US$9.50US$11.474
Apr ’24US$8.37
US$10.56
+26.2%
5.9%US$11.00US$9.50US$9.944
Mar ’24US$7.22
US$10.19
+41.1%
5.3%US$11.00US$9.50US$6.964
Feb ’24US$6.63
US$10.00
+50.9%
3.5%US$10.50US$9.50US$6.914
Jan ’24US$6.15
US$10.00
+62.6%
3.5%US$10.50US$9.50US$7.214

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/05 12:19
End of Day Share Price 2025/01/03 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

McEwen Mining Inc. is covered by 13 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jacob SekelskyAlliance Global Partners
Adam GrafB. Riley Securities, Inc.
null nullCantor Fitzgerald Canada Corporation