MUX

Company Overview — What Does McEwen Mining Inc. Do?

McEwen Mining Inc. engages in the exploration, development, production, and sale of gold and silver deposits in the United States, Canada, Mexico, and Argentina. The company also explores for copper deposits. It primarily owns a 100% interest in the Gold Bar mine in Eureka County, Nevada; the Black Fox gold mine in Ontario, Canada; the El Gallo Project and Fenix silver-gold project in Sinaloa, Mexico; the Los Azules copper deposit in San Juan, Argentina; and a portfolio of exploration properties in Nevada, Canada, Mexico, and Argentina. It also owns a 49% interest in the San José mine located in Argentina. The company was formerly known as US Gold Corporation and changed its name to McEwen Mining Inc. in January 2012. McEwen Mining Inc. was incorporated in 1979 and is headquartered in Toronto, Canada. McEwen Mining Inc. (MUX) is classified as a small-cap stock in the Materials sector, specifically within the Precious Metals industry. The company is led by CEO Robert R. McEwen and employs approximately 430 people, headquartered in TORONTO, Ontario. With a market capitalization of $1.3B, MUX is one of the notable companies in the Materials sector.

McEwen Mining Inc. (MUX) Stock Rating — Reduce (April 2026)

As of April 2026, McEwen Mining Inc. receives a Reduce rating with a composite score of 39.5/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.MUX ranks #3,213 out of 4,446 stocks in our coverage universe. Within the Materials sector, McEwen Mining Inc. ranks #230 of 284 stocks, placing it in the lower half of its Materials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

MUX Stock Price and 52-Week Range

McEwen Mining Inc. (MUX) currently trades at $23.04. The stock gained $0.69 (3.1%) in the most recent trading session. The 52-week high for MUX is $29.70, which means the stock is currently trading -22.4% from its annual peak. The 52-week low is $6.38, putting the stock 261.1% above its annual trough. Recent trading volume was 1.1M shares, reflecting moderate market activity.

Is MUX Overvalued or Undervalued? — Valuation Analysis

McEwen Mining Inc. (MUX) carries a value factor score of 36/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The price-to-book ratio stands at 2.61x, versus the sector average of 2.83x. The price-to-sales ratio is 6.89x, compared to 0.74x for the average Materials stock. On an enterprise value basis, MUX trades at 30.68x EV/EBITDA, versus 6.01x for the sector.

At current multiples, McEwen Mining Inc. trades at a premium to most Materials peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

McEwen Mining Inc. Profitability — ROE, Margins, and Quality Score

McEwen Mining Inc. (MUX) earns a quality factor score of 28/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -1.2%, compared to the Materials sector average of 3.3%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -0.8% versus the sector average of 0.6%.

On a margin basis, McEwen Mining Inc. reports gross margins of 24.1%, compared to 29.8% for the sector. The operating margin is -11.4% (sector: 6.0%). Net profit margin stands at -4.0%, versus 3.0% for the average Materials stock. Revenue growth is running at 6.4% on a trailing basis, compared to 1.8% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

MUX Debt, Balance Sheet, and Financial Health

McEwen Mining Inc. has a debt-to-equity ratio of 26.0%, compared to the Materials sector average of 41.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 2.10x, indicating strong short-term liquidity. Total debt on the balance sheet is $126M. Cash and equivalents stand at $51M.

MUX has a beta of 0.92, meaning it is roughly in line with the broader market in terms of price volatility. The stability factor score for McEwen Mining Inc. is 44/100, reflecting average volatility within the normal range for its sector.

McEwen Mining Inc. Revenue and Earnings History — Quarterly Trend

In TTM 2026, McEwen Mining Inc. reported revenue of $185M and earnings per share (EPS) of $-0.01. Net income for the quarter was $-6M. Gross margin was 24.1%. Operating income came in at $-20M.

In Q3 2025, McEwen Mining Inc. reported revenue of $51M and earnings per share (EPS) of $-0.01. Net income for the quarter was $-462,000. Gross margin was 15.5%. Revenue grew -3.3% year-over-year compared to Q3 2024. Operating income came in at $-8M.

In Q2 2025, McEwen Mining Inc. reported revenue of $47M and earnings per share (EPS) of $0.06. Net income for the quarter was $3M. Gross margin was 26.3%. Revenue grew -1.6% year-over-year compared to Q2 2024. Operating income came in at $-3M.

In Q1 2025, McEwen Mining Inc. reported revenue of $36M and earnings per share (EPS) of $-0.12. Net income for the quarter was $-6M. Gross margin was 28.2%. Revenue grew -13.4% year-over-year compared to Q1 2024. Operating income came in at $-8M.

Over the past 8 quarters, McEwen Mining Inc. has demonstrated a growth trajectory, with revenue expanding from $41M to $185M. Investors analyzing MUX stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

MUX Dividend Yield and Income Analysis

McEwen Mining Inc. (MUX) does not currently pay a dividend. This is common among smaller companies in the Precious Metals industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Materials dividend stocks may want to explore other Materials stocks or use the stock screener to filter by dividend yield.

MUX Momentum and Technical Analysis Profile

McEwen Mining Inc. (MUX) has a momentum factor score of 71/100, indicating strong price momentum with the stock outperforming the majority of the market over recent periods. Stocks with high momentum scores have historically tended to continue their outperformance in the near term. The investment factor score is 31/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 5/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.

MUX vs Competitors — Materials Sector Ranking and Peer Comparison

Within the Materials sector, McEwen Mining Inc. (MUX) ranks #230 out of 284 stocks based on the Blank Capital composite score. This places MUX in the lower half of all Materials stocks in our coverage universe. Key competitors and sector peers include CF Industries Holdings, Inc. (CF) with a score of 56.6/100, Nutrien Ltd. (NTR) with a score of 56.6/100, CVR PARTNERS, LP (UAN) with a score of 55.6/100, LSB INDUSTRIES, INC. (LXU) with a score of 53.6/100, and ACME UNITED CORP (ACU) with a score of 51.2/100.

Comparing MUX against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full MUX vs S&P 500 (SPY) comparison to assess how McEwen Mining Inc. stacks up against the broader market across all factor dimensions.

MUX Next Earnings Date

No upcoming earnings date has been announced for McEwen Mining Inc. (MUX) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy MUX? — Investment Thesis Summary

The quantitative profile for McEwen Mining Inc. suggests caution. The quality score of 28/100 flags below-average profitability. The value score of 36/100 indicates premium valuation. Price momentum is positive at 71/100, suggesting the trend favors buyers.

In summary, McEwen Mining Inc. (MUX) earns a Reduce rating with a composite score of 39.5/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on MUX stock.

Related Resources for MUX Investors

Explore more research and tools: MUX vs S&P 500 comparison, top Materials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare MUX head-to-head with peers: MUX vs CF, MUX vs NTR, MUX vs UAN.