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McEwen Mining Inc. logo

McEwen Mining Inc.

MUX

NYSEBasic MaterialsOther Precious Metals

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Previous close

$20.78

+$0.51 · +2.52%

Aug 21, 4:00 PM ET

MUX company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

43

Fair Value

Momentum

25

Weakening

Sentiment

59

Mixed

Risk resilience

38

High Risk

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Company profile

Company website

McEwen Mining Inc. (MUX) is primarily engaged in the discovery, development, extraction, and sale of gold and silver deposits across the United States, Canada, Mexico, and Argentina. The company also conducts exploration for copper reserves. Its portfolio includes full ownership of several key assets: the Gold Bar mine in Eureka County, Nevada; the Black Fox gold mine located in Ontario, Canada; the El Gallo Project and the Fenix silver-gold project, both situated in Sinaloa, Mexico; and the Los Azules copper deposit in San Juan, Argentina. McEwen Mining also possesses a broad array of exploration properties spanning Nevada, Canada, Mexico, and Argentina. Furthermore, the company holds a 49% stake in the San José mine, which is located in Argentina. Initially incorporated in 1979, the enterprise was formerly recognized as US Gold Corporation before adopting the name McEwen Mining Inc. in January 2012. Its corporate headquarters are located in Toronto, Canada.

Industry
Other Precious Metals
Sector
Basic Materials
Headquarters
CA
CEO
Robert Ross McEwen
Listed since
May 7, 1980
Employees
1,981

Market position

Day range

Current $20.78

52-week range

Current $20.78

Open
$20.62
Previous close
$20.27
Volume
1.18M
1.05× average
Average volume
1.13M
Average daily volume
Market cap
1.24B USD
Beta
1.25
Market reference 1
50-day average
$18.3156
+13.46% above average
200-day average
$20.9423
-0.77% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.08B USD
P/E (TTM)
14.82×
P/B (TTM)
1.76×
P/S (TTM)
5×
EV / EBITDA
23.93×
Earnings yield
3.44%
Free cash flow yield
-3.78%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
22.34%
Operating margin
1.39%
Net margin
32.45%
Return on equity
6.30%
Return on assets
4.20%
Return on invested capital
-1.71%

Financial health

Debt / equity
0.19×
Current ratio
1.69×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends46%-6%-58%-111%Gross margin, FY2021: -4.75%Gross margin, FY2022: -0.49%Gross margin, FY2023: 10.70%Gross margin, FY2024: 17.73%Gross margin, FY2025: 11.00%Operating margin, FY2021: -47.08%Operating margin, FY2022: -86.43%Operating margin, FY2023: -97.49%Operating margin, FY2024: -28.98%Operating margin, FY2025: -6.54%Net margin, FY2021: -41.53%Net margin, FY2022: -73.43%Net margin, FY2023: 33.27%Net margin, FY2024: -25.04%Net margin, FY2025: 17.43%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 -4.75%. Gross margin FY2022 -0.49%. Gross margin FY2023 10.70%. Gross margin FY2024 17.73%. Gross margin FY2025 11.00%. Operating margin FY2021 -47.08%. Operating margin FY2022 -86.43%. Operating margin FY2023 -97.49%. Operating margin FY2024 -28.98%. Operating margin FY2025 -6.54%. Net margin FY2021 -41.53%. Net margin FY2022 -73.43%. Net margin FY2023 33.27%. Net margin FY2024 -25.04%. Net margin FY2025 17.43%.

Income trends

Revenue

197.55M USD+13.23%

Operating income

−12.93M USD+74.44%

Net income

34.43M USD+78.13M USD
Income trends across reported periods233.51M USD89.67M USD−54.18M USD−198.02M USDRevenue, FY2021: 136.54M USDRevenue, FY2022: 110.42M USDRevenue, FY2023: 166.23M USDRevenue, FY2024: 174.48M USDRevenue, FY2025: 197.55M USDOperating income, FY2021: −64.28M USDOperating income, FY2022: −95.44M USDOperating income, FY2023: −162.06M USDOperating income, FY2024: −50.57M USDOperating income, FY2025: −12.93M USDNet income, FY2021: −56.71M USDNet income, FY2022: −81.08M USDNet income, FY2023: 55.3M USDNet income, FY2024: −43.69M USDNet income, FY2025: 34.43M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 136.54M USD. Revenue FY2022 110.42M USD. Revenue FY2023 166.23M USD. Revenue FY2024 174.48M USD. Revenue FY2025 197.55M USD. Operating income FY2021 −64.28M USD. Operating income FY2022 −95.44M USD. Operating income FY2023 −162.06M USD. Operating income FY2024 −50.57M USD. Operating income FY2025 −12.93M USD. Net income FY2021 −56.71M USD. Net income FY2022 −81.08M USD. Net income FY2023 55.3M USD. Net income FY2024 −43.69M USD. Net income FY2025 34.43M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue197.55M USD174.48M USD166.23M USD110.42M USD136.54M USD
Cost of goods sold175.82M USD143.54M USD148.45M USD110.96M USD143.02M USD
Gross profit21.73M USD30.94M USD17.78M USD−544K USD−6.48M USD
Selling, general, and administrative26.7M USD17.17M USD15.45M USD11.89M USD11.44M USD
Operating expenses34.66M USD81.51M USD179.84M USD94.89M USD57.8M USD
Interest income——36.92M USD——
Interest expense7.22M USD4.6M USD—7.79M USD6.2M USD
Depreciation and amortization30.87M USD30.86M USD30.36M USD19.53M USD25.34M USD
Operating income−12.93M USD−50.57M USD−162.06M USD−95.44M USD−64.28M USD
Net income34.43M USD−43.69M USD55.3M USD−81.08M USD−56.71M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
36%
4 beats, 7 misses, 0 met estimates
Average EPS surprise
+96.43%
11 comparable reports
Latest EPS result
0.14
Estimate 0.28 · Miss by 49.55%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.720.410.1-0.21Q1 '25MissQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 14, 2025: actual -0.15, estimate -0.13, surprise -15.38%, Miss. Q2 2025, reported May 7, 2025: actual -0.12, estimate -0.14, surprise +14.29%, Beat. Q3 2025, reported Aug 6, 2025: actual 0.06, estimate 0.09, surprise -33.33%, Miss. Q4 2025, reported Nov 5, 2025: actual -0.01, estimate 0.31, surprise -103.23%, Miss. Q1 2026, reported Mar 12, 2026: actual 0.66, estimate 0.175, surprise +277.14%, Beat. Q2 2026, reported May 6, 2026: actual 0.56, estimate 0.32, surprise +75.00%, Beat. Q3 2026, reported Aug 5, 2026: actual 0.14, estimate 0.278, surprise -49.55%, Miss. Q4 2026, reported Nov 4, 2026: actual —, estimate 0.19, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates77.34M61.18M45.02M28.85MQ1 '25BeatQ2 '25MetQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 14, 2025: actual 33.52M USD, estimate 32.2M USD, surprise +4.12%, Beat. Q2 2025, reported May 7, 2025: actual 35.7M USD, estimate 35.7M USD, surprise 0.00%, Met estimate. Q3 2025, reported Aug 6, 2025: actual 46.7M USD, estimate 61.3M USD, surprise -23.81%, Miss. Q4 2025, reported Nov 5, 2025: actual 50.53M USD, estimate 71.75M USD, surprise -29.57%, Miss. Q1 2026, reported Mar 12, 2026: actual 64.6M USD, estimate 69.5M USD, surprise -7.05%, Miss. Q2 2026, reported May 6, 2026: actual 74M USD, estimate 67.32M USD, surprise +9.92%, Beat. Q3 2026, reported Aug 5, 2026: actual 59.2M USD, estimate 65.51M USD, surprise -9.63%, Miss. Q4 2026, reported Nov 4, 2026: actual —, estimate 51.94M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$29.50

41.96% upside
Past 12 months12-month forecastHigh $31.00Average $29.50Low $28.00

Rating distribution

7 ratings
Strong buy00%
Buy7100%
Hold00%
Sell00%
Strong sell00%

Recent analyst actions

3 institutions

Corporate actions

Corporate action history

Stock split

Effective Jul 26, 2022

1:10

Stock split

Effective Nov 6, 2012

1,047:1,000

Stock split

Effective Dec 24, 1991

1:10

MUX peers

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Freeport-McMoRan Inc. logo

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$76.67

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Agnico Eagle Mines Limited logo

AEM

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$216.06

+1.90%

ETFs holding MUX

Funds reporting this stock among their holdings, ordered by reported position size.

State Street SPDR S&P Metals & Mining ETF logoState Street SPDR S&P Metals & Mining ETFXME
Market value
63.87M
Weight
1.39%
AUM
4.58B USD
Expense ratio
0.35%
Price / 1D
$119.34+4.05%
Global X - Silver Miners ETF logoGlobal X - Silver Miners ETFSIL
Market value
31.6M
Weight
0.58%
AUM
5.43B USD
Expense ratio
0.65%
Price / 1D
$99.55+2.14%
Amplify Junior Silver Miners ETF logoAmplify Junior Silver Miners ETFSILJ
Market value
29.16M
Weight
0.69%
AUM
4.22B USD
Expense ratio
0.69%
Price / 1D
$31.93+0.95%
VanEck Junior Gold Miners ETF logoVanEck Junior Gold Miners ETFGDXJ
Market value
26.9M
Weight
0.28%
AUM
9.86B USD
Expense ratio
0.52%
Price / 1D
$132.59+2.67%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
26.64M
Weight
0.03%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
10.03M
Weight
0.01%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
Sprott Junior Gold Miners ETF logoSprott Junior Gold Miners ETFSGDJ
Market value
9.21M
Weight
2.44%
AUM
377.3M USD
Expense ratio
0.50%
Price / 1D
$101.3+2.20%
iShares MSCI Global Gold Miners ETF logoiShares MSCI Global Gold Miners ETFRING
Market value
5.91M
Weight
0.24%
AUM
2.57B USD
Expense ratio
0.39%
Price / 1D
$90.85+3.57%

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