McEwen Inc. MUX
- Market cap
- $1.1B
- P/E
- 13.9×
Follow MUX
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9.65 | 18.20 | 16.80 | 10.20 | 5.30 | 8.00 | 2.81 | 5.39 | 5.92 | 6.38 |
Analyst estimates 2026–2028 Powerpack |
Low Price
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| 49.20 | 44.30 | 25.50 | 21.40 | 15.30 | 17.10 | 10.20 | 10.00 | 12.50 | 24.88 |
High Price
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| 293 | 535 | 427 | 448 | 377 | 430 | 520 | 575 | 424 | 486 |
Employees
|
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| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Revenue/Emp
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| 60 | 67 | 128 | 117 | 105 | 137 | 110 | 166 | 174 | 198 |
Revenue
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| 53.41% | 29.76% | 25.03% | 7.68% | (25.72%) | (4.75%) | (0.49%) | 10.70% | 17.73% | 24.08% |
Gross Margin
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| 17 | (26) | (48) | (64) | (154) | (64) | (80) | 67 | (47) | 7 |
EBT
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| 28.66% | (38.54%) | (37.17%) | (54.34%) | (146.69%) | (47.02%) | (72.71%) | 40.33% | (26.79%) | 3.52% |
EBT Margin
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| 21 | (11) | (45) | (60) | (152) | (57) | (86) | 33 | (44) | 34 |
Net Income
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| 4 | 7 | 16 | 26 | 23 | 25 | 20 | 30 | 31 | 29 |
Depreciation
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| 2.02 | 2.15 | 3.80 | 3.23 | 2.60 | 3.00 | 2.33 | 3.50 | 3.42 | 3.66 |
Revenue/Sh
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| 0.70 | (0.30) | (1.30) | (1.70) | (3.80) | (1.20) | (1.71) | 1.15 | (0.86) | 0.64 |
Earnings/Sh
|
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| 0.25 | (0.88) | 0.01 | (1.09) | (0.69) | (0.44) | (1.19) | (0.83) | 0.58 | 0.13 |
Cash Flow/Sh
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| (0.21) | (0.27) | (2.41) | (0.82) | (0.33) | (0.76) | (0.51) | (0.55) | (0.84) | (0.83) |
Capex/Sh
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| 0.04 | (1.15) | (2.39) | (1.91) | (1.02) | (1.20) | (1.70) | (1.38) | (0.27) | (0.70) |
Free CF/Sh
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| 14.83 | 16.61 | 14.41 | 13.80 | 9.05 | 8.57 | 7.51 | 10.57 | 9.70 | 10.11 |
Book Value/Sh
|
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| 30 | 31 | 34 | 36 | 40 | 45 | 47 | 48 | 51 | 54 |
Shares
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| 47.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6.20 | 0.00 | 31.37 |
PE Ratio
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| 16.03 | 11.45 | 4.79 | 3.93 | 3.79 | 2.96 | 2.65 | 2.02 | 2.28 | 5.06 |
PS Ratio
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| 2.19 | 1.48 | 1.26 | 0.92 | 1.09 | 1.03 | 0.82 | 0.67 | 0.80 | 1.83 |
PB Ratio
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| 15.32 | 10.83 | 4.94 | 3.94 | 4.08 | 2.92 | 2.85 | 2.12 | 2.47 | 5.38 |
EV/Sales
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| 721.30 | (20.19) | (7.84) | (6.65) | (10.36) | (7.33) | (3.90) | (5.36) | (31.57) | (28.15) |
EV/FCF
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| 7 | (28) | 0 | (40) | (28) | (20) | (57) | (40) | 29 | 7 |
Op' Cash Flow
|
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| (6) | (9) | (81) | (30) | (13) | (34) | (24) | (26) | (43) | (45) |
Capex
|
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| 1 | (36) | (81) | (69) | (41) | (54) | (81) | (66) | (14) | (38) |
FCF
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| 58 | 49 | 23 | 43 | 8 | 33 | (3) | 23 | (7) | 44 |
Working Cap'
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| — | 1 | 51 | 50 | 51 | 54 | 64 | 40 | 40 | 126 |
Total Debt
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| (46) | (45) | 17 | 1 | 30 | (4) | 23 | 15 | 25 | 54 |
Net Debt
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| 443 | 521 | 486 | 499 | 365 | 390 | 356 | 502 | 495 | 546 |
Sh' Equity
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| 4.33% | (1.95%) | (7.42%) | (9.57%) | (26.93%) | (11.06%) | (15.38%) | 9.33% | (6.61%) | 4.64% |
ROA
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| 2.42% | (3.45%) | (5.86%) | (7.98%) | (24.23%) | (10.41%) | (15.73%) | (19.57%) | (6.08%) | 0.28% |
ROIC
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| 4.89% | (2.21%) | (8.91%) | (12.13%) | (35.23%) | (15.02%) | (21.73%) | 12.88% | (8.76%) | 6.61% |
ROE
|
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McEwen Inc. peers in Other Precious Metals & Mining
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| SLSR Solaris Resources Inc. | $1.2B | 0.0× | Compare |
| ASM Avino Silver | $1.0B | 21.2× | Compare |
| MTA Metalla Royalty & Streaming Ltd. | $962.1M | 0.0× | Compare |
| ITRG Integra Resources Corp. | $549.8M | 68.8× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| GORO Gold Resource Corporation | $477.5M | 70.0× | Compare |
| PPTA Perpetua Resources Corp. | $2.9B | 0.0× | Compare |
| VOXR Vox Royalty Corp. | $375.3M | 7.7× | Compare |
| TFPM Triple Flag Precious Metals Corp. | $6.6B | 21.2× | Compare |
McEwen Inc. (MUX) key facts
- McEwen Inc. (MUX) is an Other Precious Metals & Mining company in the Basic Materials sector, listed on the New York Stock Exchange.
- McEwen Inc.’s revenue for fiscal 2025 (year ended December 2025) was $197.6 million, up 13.2% from fiscal 2024.
- Net income was $34.4 million, or $0.64 per share (basic), a net margin of 17.4%.
- As of September 25, 2026, MUX traded at $19.02, a market capitalization of $1.1 billion.
- At that price the stock trades at 13.9× trailing-twelve-month earnings and 4.6× sales.
- Return on equity was 6.61% and debt-to-equity 0.18.
McEwen Inc. (MUX) Latest News
18 Sep
Goliath reports drill intercepts up to 9.12 g/t AuEq over 11.27 meters with visible gold, expanding the Bonanza Zone at the Surebet high-grade gold discovery in Golden Triangle, B.C., which remains open. Drill results expand a gold zone but represent incremental exploration progress unlikely to shift company fundamentals immediately.
17 Sep
McEwen Inc. redrills Nevada oxide gold districts to target a second metal in addition to gold. Redrilling for an additional metal may expand resources and support moderate operational gains at McEwen.
10 Sep
McEwen Copper secures $240M term loan advancing TNR Gold royalty project at Los Azules. Major loan financing directly advances Los Azules project tied to McEwen Inc.
McEwen Copper secured a US$240 million term loan to advance the Los Azules copper project toward final investment decision, providing update on TNR Gold NSR royalty. Major financing directly accelerates core Los Azules project development and strengthens McEwen's copper growth trajectory.
27 Aug
McEwen Copper completes US$240 million term loan to advance Los Azules project toward final investment decision. US$240 million term loan supplies major capital to push Los Azules development forward and materially lift McEwen Inc. prospects.
13 Aug
McEwen (MUX) released its Q2 2026 earnings call transcript detailing quarterly results, operations, and forward outlook. Quarterly earnings details can shift short-term investor views on MUX without altering long-term fundamentals.
11 Aug
Goliath intercepts up to 10.32 g/t Au over 6.00 meters within new 320 meter expansion of Golden Gate Zone at Surebet Discovery, Golden Triangle, B.C., with area remaining open. High-grade intercepts expand Surebet resource potential and may lift near-term market sentiment for McEwen.
8 Aug
McEwen Inc. (MUX) released Q2 earnings call highlights covering financial results, production updates, costs, and forward outlook for its mining operations. Q2 results and guidance can shift near-term sentiment and valuation multiples without altering long-term trajectory.
7 Aug
McEwen updated its 2026 production guidance, prompting assessment of whether MUX shares are undervalued. 2026 production guidance update can moderately shift valuation views and near-term sentiment for the miner.
6 Aug
McEwen Inc. achieves profit turnaround and releases new guidance expected to drive major shifts in operations and market performance. Profit turnaround combined with new guidance is positioned to fundamentally redefine McEwen's financial trajectory and competitive standing.
McEwen Inc. (MUX) reported Q2 2026 earnings while managing operational headwinds in its gold operations. Operational headwinds in gold segment may affect near-term financial results and market view without fundamentally changing long-term path.
McEwen Mining Inc. released its Q2 2026 earnings call summary covering quarterly financial results, production updates, and operational guidance for gold and silver mining assets. Q2 earnings call provides financial metrics and outlook that moderately influence near-term investor views and operational trajectory.
5 Aug
McEwen Inc. posted Q2 net income of $9.6M ($0.16 per share) versus $3.0M ($0.06 per share) in Q2 2025. Exploration expands resources at all sites. New Stock Mine in Timmins nears production with extended mine life. Higher earnings, resource growth across sites and imminent new mine production with longer life strengthen future output and valuation.
Empress closes acquisition of North American royalty portfolio. Royalty portfolio acquisition adds assets that may moderately boost revenue streams and market positioning.
30 Jul
Paragon Advanced Labs signed a strategic memorandum of understanding with McEwen Inc. to develop PhotonAssay laboratory facilities in Nevada, Timmins and Mexico. MOU establishes advanced assay labs in three core mining regions, supporting operational improvements without transforming overall strategy.
22 Jul
McEwen Inc. filed NI 43-101 technical reports covering a prefeasibility study at Grey Fox in Ontario plus mineral resource estimates at Lookout Mountain and Windfall in Nevada. Project studies and resource updates in core mining assets can moderately affect valuation and development timelines.
15 Jul
Goliath expands Bonanza Zone by 750 meters and Golden Gate Zone by 600 meters at high-grade gold Surebet discovery, Golden Triangle, B.C., with both zones remaining open. Expanded high-grade gold zones increase resource potential and drive higher valuation for the project.
8 Jun
McEwen Inc. pre-feasibility study for Grey Fox at Fox Complex shows high returns, manageable capital needs and extends mine life to 2041. Positive Grey Fox study signals major extension of operations and strong project economics for McEwen.
29 May
McEwen Inc. (MUX) received a $49.4 million dividend from the San José Mine. $49.4 million dividend strengthens McEwen cash resources and may support operations or returns.
26 May
McEwen Inc. receives San Jose dividend payout strengthening balance sheet and liquidity. Dividend inflow improves near-term cash position and may lift sentiment without shifting core mining operations.
22 May
McEwen Mining announced a new dividend linked to the San José project and provided updates on project growth, prompting a valuation reassessment of MUX stock. San José dividend and growth updates are likely to produce moderate short-term effects on McEwen Mining valuation and sentiment.
21 May
McEwen Inc. received a $49.4 million dividend from the San José Mine, reflecting strong cash generation that funds growth without meaningful share dilution. Large dividend inflow strengthens cash position and supports expansion without dilution, likely lifting future performance and investor sentiment.
McEwen Mining receives US$49.4 million dividend from the San Jose Mine. US$49.4 million cash inflow bolsters liquidity and may support near-term operations or debt management.
19 May
McEwen Copper engages Societe Generale to secure financing for the Los Azules copper project, prompting TNR Gold to underscore its royalty interest in the asset. Financing push for Los Azules marks major progress on a key copper asset that can lift McEwen's development pipeline and investor valuation.
McEwen Copper appoints Societe Generale as financial advisor for debt financing of Los Azules Project, updating TNR Gold NSR royalty. Appointment advances debt financing path for flagship Los Azules copper project, likely lifting McEwen valuation and project timeline.
16 May
McEwen Copper advances financing for its Los Azules project. The moves reduce funding risk, support development timelines and may lift MUX valuation by limiting dilution while increasing net asset value. Financing progress for the key copper asset strengthens the balance sheet, cuts execution risk and supports higher MUX valuation.
14 May
McEwen Copper appoints Societe Generale as financial advisor for debt financing of the Los Azules copper project. Appointing a top-tier bank advances debt financing for MUX's flagship Los Azules project, signaling major progress toward development and boosting growth prospects.
12 May
McEwen Inc. (MUX) Q1 earnings call highlighted production increases at Los Goldies mine, higher gold output, cost reductions, and positive cash flow amid rising metal prices. Q1 earnings details show operational improvements and financial metrics that moderately influence near-term performance and investor views.
8 May
McEwen Inc. (MUX) shares surged 7.8% after reporting a Q1 profit rebound and announcing an expansion push in the Americas, raising questions about whether the bull case for the stock has strengthened. Q1 profit rebound and Americas expansion represent major strategic and financial positives that could significantly enhance MUX's growth trajectory and investor sentiment.
7 May
McEwen Mining Inc. (MUX) swung to net income in Q1, reversing prior losses amid operational improvements. Swing to Q1 net income indicates stronger financial health and positive momentum for future performance.