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McEwen Mining Inc. (MUX)



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Upturn Advisory Summary
08/28/2025: MUX (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $15.31
1 Year Target Price $15.31
2 | Strong Buy |
3 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 8.72% | Avg. Invested days 27 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 595.17M USD | Price to earnings Ratio - | 1Y Target Price 15.31 |
Price to earnings Ratio - | 1Y Target Price 15.31 | ||
Volume (30-day avg) 5 | Beta 0.88 | 52 Weeks Range 6.38 - 11.80 | Updated Date 08/29/2025 |
52 Weeks Range 6.38 - 11.80 | Updated Date 08/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.25 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-08-07 | When - | Estimate 0.11 | Actual 0.06 |
Profitability
Profit Margin -8.05% | Operating Margin (TTM) 0.01% |
Management Effectiveness
Return on Assets (TTM) -0.46% | Return on Equity (TTM) -2.79% |
Valuation
Trailing PE - | Forward PE 14.12 | Enterprise Value 655327565 | Price to Sales(TTM) 3.54 |
Enterprise Value 655327565 | Price to Sales(TTM) 3.54 | ||
Enterprise Value to Revenue 3.89 | Enterprise Value to EBITDA 27.61 | Shares Outstanding 54106400 | Shares Floating 45562471 |
Shares Outstanding 54106400 | Shares Floating 45562471 | ||
Percent Insiders 15.7 | Percent Institutions 43.7 |
Upturn AI SWOT
McEwen Mining Inc.

Company Overview
History and Background
McEwen Mining Inc. was founded in 1979 by Rob McEwen. It is a gold and silver producer with operations focused in the Americas. It has grown through acquisitions and exploration, focusing on high-grade projects.
Core Business Areas
- Gold and Silver Production: Extraction and processing of gold and silver ores from its mining properties.
- Exploration and Development: Identifying, exploring, and developing new mining projects to expand its resource base.
Leadership and Structure
Rob McEwen is the Chairman and Chief Owner of McEwen Mining Inc. The company has a board of directors and a management team overseeing its various operations and projects.
Top Products and Market Share
Key Offerings
- Gold Production: McEwen Mining's primary product is gold, mined from its various properties. Market share data is difficult to pinpoint precisely due to the fragmented nature of the gold mining industry. Competitors include Newmont Corporation (NEM), Barrick Gold Corporation (GOLD), and Agnico Eagle Mines Limited (AEM).
- Silver Production: Silver is produced as a byproduct of gold mining and from silver-focused properties. Market share data is similarly hard to find. Competitors also include Pan American Silver Corp. (PAAS) and First Majestic Silver Corp. (AG).
Market Dynamics
Industry Overview
The gold and silver mining industry is driven by precious metal prices, global economic conditions, and geopolitical factors. Demand comes from investors, industrial users, and central banks.
Positioning
McEwen Mining is a mid-tier gold and silver producer aiming for growth through exploration and development. Its competitive advantages lie in its high-grade projects and Rob McEwen's track record.
Total Addressable Market (TAM)
The global gold mining market is estimated to be several hundred billion USD. McEwen Mining's positioning with respect to this TAM is relatively small, targeting growth through specific, high-grade assets.
Upturn SWOT Analysis
Strengths
- High-grade projects
- Strong leadership with Rob McEwen
- Growth potential through exploration
- Geographic diversification in the Americas
Weaknesses
- Relatively small production scale
- Higher operating costs compared to major producers
- Dependence on precious metal prices
- Past operational issues
Opportunities
- Increased gold and silver prices
- Successful exploration and development of new projects
- Acquisitions of undervalued assets
- Improved operational efficiency
Threats
- Fluctuations in precious metal prices
- Political and regulatory risks in mining jurisdictions
- Rising operating costs
- Environmental regulations
Competitors and Market Share
Key Competitors
- NEM
- GOLD
- AEM
- PAAS
- AG
Competitive Landscape
McEwen Mining faces intense competition from larger, more established gold and silver producers. Its ability to differentiate itself through high-grade projects and efficient operations is critical.
Major Acquisitions
US Gold Corp
- Year: 2021
- Acquisition Price (USD millions): 14
- Strategic Rationale: To increase resources in Nevada
Growth Trajectory and Initiatives
Historical Growth: McEwen Mining's growth has been inconsistent due to fluctuating precious metal prices and operational challenges. Its stock has had periods of growth then significant declines.
Future Projections: Future projections depend heavily on the success of its exploration programs and its ability to increase production efficiently. Analyst estimates should be consulted for specific targets.
Recent Initiatives: Recent strategic initiatives include focusing on high-grade properties, exploration efforts, and cost-cutting measures.
Summary
McEwen Mining is a mid-tier gold and silver producer with growth potential, but it faces challenges typical of smaller mining companies, including fluctuating metal prices, operational risks, and strong competition. Its success hinges on efficient operations, exploration successes, and high metal prices. The company needs to improve its operational efficiency and manage risks effectively. The company has potential for exploration success which could increase the value of the company.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SEC Filings (10-K, 10-Q)
- Company Investor Relations
- Industry Reports
- Analyst Reports
Disclaimers:
This analysis is for informational purposes only and does not constitute investment advice. Financial data and market conditions are subject to change. Consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About McEwen Mining Inc.
Exchange NYSE | Headquaters Toronto, ON, Canada | ||
IPO Launch date 1980-05-07 | Chairman, CEO, President & Chief Owner Mr. Robert Ross McEwen | ||
Sector Basic Materials | Industry Other Precious Metals & Mining | Full time employees 1864 | Website https://www.mcewenmining.com |
Full time employees 1864 | Website https://www.mcewenmining.com |
McEwen Inc. engages in the exploration, development, production, and sale of gold and silver deposits in the United States, Canada, Mexico, and Argentina. It also explores for copper deposits. The company owns 100% interests in the Gold Bar gold mine located in Nevada; the Fox Complex that consists of 132 parcels, including patents and leases, and 163 unpatented mining claims totaling 28 square miles in mining rights, as well as 13 square miles in surface rights located in Ontario, Canada; and the Fenix project located in Mexico. It also holds a portfolio of exploration properties in Nevada, Canada, Mexico, and Argentina. The company was formerly known as McEwen Mining Inc. and changed its name to McEwen Inc. in June 2025. McEwen Inc. was incorporated in 1979 and is headquartered in Toronto, Canada.

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