NYSE:MUX

Stock Analysis Report

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Executive Summary

McEwen Mining Inc. engages in the exploration, development, production, and sale of gold and silver in the United States, Canada, Mexico, and Argentina. More Details


Snowflake Analysis

Adequate balance sheet with limited growth.

Share Price & News

How has McEwen Mining's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MUX's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-2.7%

MUX

-0.3%

US Metals and Mining

-1.4%

US Market


1 Year Return

-31.9%

MUX

24.5%

US Metals and Mining

17.8%

US Market

Return vs Industry: MUX underperformed the US Metals and Mining industry which returned 24.1% over the past year.

Return vs Market: MUX underperformed the US Market which returned 18.5% over the past year.


Shareholder returns

MUXIndustryMarket
7 Day-2.7%-0.3%-1.4%
30 Day4.8%5.3%4.7%
90 Day-14.8%8.7%8.2%
1 Year-31.9%-31.9%27.3%24.5%20.5%17.8%
3 Year-44.8%-45.2%14.2%6.7%42.2%32.7%
5 Year20.3%18.4%100.2%82.2%83.4%62.7%

Price Volatility Vs. Market

How volatile is McEwen Mining's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is McEwen Mining undervalued compared to its fair value and its price relative to the market?

1.15x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: MUX ($1.09) is trading above our estimate of fair value ($0.14)

Significantly Below Fair Value: MUX is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MUX is unprofitable, so we can't compare its PE Ratio to the US Metals and Mining industry average.

PE vs Market: MUX is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MUX's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MUX is good value based on its PB Ratio (1.1x) compared to the US Metals and Mining industry average (1.5x).


Next Steps

Future Growth

How is McEwen Mining forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

139.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MUX is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: MUX is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: MUX is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: MUX's revenue (59.4% per year) is forecast to grow faster than the US market (10.1% per year).

High Growth Revenue: MUX's revenue (59.4% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if MUX's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has McEwen Mining performed over the past 5 years?

-2.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MUX is currently unprofitable.

Growing Profit Margin: MUX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MUX is unprofitable, and losses have increased over the past 5 years at a rate of 2.4% per year.

Accelerating Growth: Unable to compare MUX's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MUX is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-39.6%).


Return on Equity

High ROE: MUX has a negative Return on Equity (-40.66%), as it is currently unprofitable.


Next Steps

Financial Health

How is McEwen Mining's financial position?


Financial Position Analysis

Short Term Liabilities: MUX's short term assets ($58.2M) exceed its short term liabilities ($32.7M).

Long Term Liabilities: MUX's short term assets ($58.2M) do not cover its long term liabilities ($89.3M).


Debt to Equity History and Analysis

Debt Level: MUX's debt to equity ratio (12.5%) is considered satisfactory.

Reducing Debt: MUX's debt to equity ratio has increased from 1.3% to 12.5% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: MUX has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: MUX is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.


Next Steps

Dividend

What is McEwen Mining current dividend yield, its reliability and sustainability?

0.92%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MUX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MUX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MUX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MUX's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: MUX is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MUX's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.5yrs

Average management tenure


CEO

Rob McEwen (70 yo)

15.17yrs

Tenure

US$3,433

Compensation

Mr. Robert Ross McEwen, also known as Rob, is Chief Owner of McEwen Mining Inc. and has been its Chief Executive Officer since August 18, 2005 and serves as its President. He served as President of of McEw ...


CEO Compensation Analysis

Compensation vs Market: Rob's total compensation ($USD3.43K) is below average for companies of similar size in the US market ($USD1.93M).

Compensation vs Earnings: Rob's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Robert McEwen
Chairman15.17yrsUS$3.43k41.1%
$ 183.1m
Sylvain Guerard
Senior Vice President of Exploration3.5yrsUS$454.22k0.0059%
$ 26.2k
Andrew Iaboni
Vice President of Finance4.83yrsUS$277.52k0.0039%
$ 17.3k
Anna Ladd-Kruger
Chief Financial Officer0.083yrno datano data
Peter Mah
Chief Operating Officer0.50yrno datano data
Mihaela Iancu
Head of Investor Relationsno datano datano data
Carmen Diges
General Counsel & Secretary5.17yrsno data0.018%
$ 81.8k
Stefan Spears
Vice President of Corporate Development1.25yrsUS$663.36k0.0024%
$ 10.9k
Kenneth Tylee
Exploration Managerno datano datano data
Robert Kastelic
Chief Exploration Geologist of Nevadano datano datano data
Jack Henris
General Manager for Nevada1.42yrsno datano data
Robert MacDonald
General Manager Ontario Operationsno datano datano data

2.5yrs

Average Tenure

49.5yo

Average Age

Experienced Management: MUX's management team is considered experienced (2.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Robert McEwen
Chairman15.17yrsUS$3.43k41.1%
$ 183.1m
Gregory Fauquier
Independent Director6.42yrsUS$87.36k0.010%
$ 45.8k
Allen Ambrose
Independent Director8.5yrsUS$87.36k0.11%
$ 491.7k
Michael Stein
Independent Director8.75yrsUS$84.36k0.14%
$ 624.4k
Donald R. Quick
Director8.75yrsUS$82.36k0.027%
$ 119.9k
Robin Dunbar
Independent Director3.5yrsUS$82.36k0.0085%
$ 37.8k
Richard Brissenden
Independent Director8.5yrsUS$92.36k0%
$ 0
Leanne Baker
Independent Director15.75yrsUS$84.36k0.018%
$ 82.3k
Michele Ashby
Independent Director15.75yrsUS$87.36k0.017%
$ 73.6k

8.8yrs

Average Tenure

68yo

Average Age

Experienced Board: MUX's board of directors are considered experienced (8.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 12.9%.


Top Shareholders

Company Information

McEwen Mining Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: McEwen Mining Inc.
  • Ticker: MUX
  • Exchange: NYSE
  • Founded: 1979
  • Industry: Gold
  • Sector: Materials
  • Market Cap: US$445.579m
  • Shares outstanding: 408.79m
  • Website: https://www.mcewenmining.com

Number of Employees


Location

  • McEwen Mining Inc.
  • 150 King Street West
  • Suite 2800
  • Toronto
  • Ontario
  • M5H 1J9
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MUXNYSE (New York Stock Exchange)YesCommon StockUSUSDMay 1980
US8ADB (Deutsche Boerse AG)YesCommon StockDEEURMay 1980
MUXTSX (The Toronto Stock Exchange)YesCommon StockCACADMay 1980
MUX *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNMay 1980
0JZTLSE (London Stock Exchange)YesCommon StockGBUSDMay 1980
US8AETLX (Eurotlx)YesCommon StockITEURMay 1980
MUXWBAG (Wiener Boerse AG)YesCommon StockATEURMay 1980

Biography

McEwen Mining Inc. engages in the exploration, development, production, and sale of gold and silver in the United States, Canada, Mexico, and Argentina. The company explores for copper deposits. It owns 10 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/21 23:44
End of Day Share Price2020/10/21 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.