# McEwen Mining Inc. (MUX.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Basic Materials / Metals & Mining. Price C$27.78, market value C$1.7 billion.

## Valuation
- **P/E (trailing): 16.0×** (5-yr avg 28.6×, 3-yr avg 28.6×). McEwen Mining Inc. trades at 16.0× trailing earnings, well below its own five-year average of 28.6×: cheap by its own standards. The Basic Materials median in the September 2026 study was 19.0×. Forward P/E is 4.9×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.03**. A PEG of 0.03 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 4.8×**. Each dollar of revenue is priced at 4.8×.
- **Price / book: 1.7×**. The shares trade at 1.7× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 28.0×**. Enterprise value is 28.0× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 0.5%** (5-yr avg -10.2%). Free cash flow equals 0.5% of the market value, above its five-year average of -10.2%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 6.3%**. The inverse of the P/E: 6.3% of the price is earned each year.

## Profitability
- **Gross margin: 22.3%**. McEwen Mining Inc. keeps 22.3% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 1.4%**. 1.4% of revenue is left after running the business, which leaves little cushion in a downturn.
- **Net margin: 17.4%**. 17.4% of each dollar of sales reaches the bottom line.
- **Return on equity: 6.3%**. 6.3% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 0.6%**. Return on all capital, debt included, is 0.6%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 9.8%**. Each dollar of assets produces 9.8% of profit.

## Growth
- **Revenue growth (1 yr): 13.2%** (3-yr 21.4%/yr, 5-yr 13.5%/yr). Revenue grew 13.2% over the last year, against 13.5% a year compounded over five years.
- **EPS growth (1 yr): 160.5%**. Earnings per share rose 160.5%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.23**. Debt is 0.23 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 1.2×**. It would take 1.2 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 0.5×**. Operating profit covers interest only 0.5×: fragile.
- **Current ratio: 1.69** (quick 1.27). Current assets cover the next year's liabilities 1.69 times.
- **Altman Z-score: 4.82**. A Z-score of 4.82 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. McEwen Mining Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: strong_buy** (2 analysts). 2 analysts cover McEwen Mining Inc.; the consensus is strong_buy, with an average price target of C$49.34 (+78% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 50.5%** (YTD 9.0%, 3-mo 9.1%). The shares are up 50.5% over twelve months including dividends.
- **From 52-week high: -30.7%** (54.2% above the low). Trading 31% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 52**. An RSI of 52 is neutral.
- **Beta (1 yr): 3.48** (volatility 65%). Beta of 3.48 against the S&P/TSX Composite: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=MUX.TO · Page: https://foliofundamentals.com/stocks/mux.to

Not investment advice.