McEwen Mining Inc. (MUX) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of McEwen Mining Inc. stock $5.52, price $15.48, that is 64.4% below the price, quality 25 out of 100. Rating: strongly overvalued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.
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McEwen Mining Inc.
MUX · USOur calculation puts a fair price 64% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range $2.89 – $29.05 · fair‑value band $5.52 – $9.19 · the $15.48 price screens above the $5.52 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 8, 2026.
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Company profile
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.
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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.
Stock analysis
McEwen Mining Inc. (MUX) currently trades at $15.48, while our model-based Fair Value estimate is $5.52, 64% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $19.49 per share, and 5 of the 13 models we run sit above the $15.48 price.
Bear case: the DCF Models group reads lowest at $5.15, and 8 of the 13 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $5.52 (bear) to $9.19 (bull), the price of $15.48 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 25/100 (below-average quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
McEwen Mining Inc. reported revenue of $198M in FY2025 versus $137M in FY2021, a compound +9.7%/yr. Reported net income was $34.4M in FY2025.
Key figures
Market cap $1.2B Small · P/E ratio 12.3 · P/S ratio 4.65 · EPS (TTM) $1.26 · Dividend yield 0.3% · Net margin 32.5% · Return on equity 13.5% · Return on assets (EBIT) −12.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 39 out of 100 (low confidence).
What moves the price
The share trades about 47% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −17% fair-value upside, at −64%, MUX screens richer than that median.
Fair Value models
All 13 models by family
The fair value above starts from this blend and is adjusted for dilution from new shares.
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, one officer or director bought shares worth $18,360, on Jun 5, 2026. Over the same period, one person sold shares worth $59,376.
- SaleRichard W. BrissendenDirector3,275 shares at $18.13$59,376Jun 29, 2026
- BuyStephen Douglas KaszasDirector1,000 shares at $18.36$18,360Jun 5, 2026
Plus 6 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 6, 2026. All filings at the SEC ↗
Revenue & earnings trend
Earlier news
- MUX to Generate Additional Capital From Non-Core Timmins Asset Sale
- McEwen to sell Ontario properties to Discovery Mining in $55M cash-and-stock deal
- Discovery Enters into Asset Purchase Agreement to Acquire Certain Timmins Mineral Properties from McEwen Inc.
- McEwen (MUX) Stock Still Looks Like A Bargain On Earnings
Compare McEwen Mining Inc. with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Other Precious Metals & Mining · 102 stocks
Valuation Multiplesvs Other Precious Metals & Mining median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Materials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Quality Score by industry
- Return on equity by industry
- Stock screener with 62 metrics
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Other Precious Metals & Mining stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Sibanye Stillwater Limited SBSW | $9.50 | $12.61 | +33% | vs MUX |
| Hecla Mining Company HL | $14.74 | $15.90 | +8% | vs MUX |
| Triple Flag Precious Metals Corp TFPM | $31.53 | $32.54 | +3% | vs MUX |
| Compañía de Minas Buenaventura S.A. BVN | $27.99 | $26.98 | −4% | vs MUX |
| International Gemological Institute Limited IGIL | ₹407.40 | ₹338.90 | −17% | vs MUX |
| Sino-Platinum Metals Co 600459 | ¥16.70 | ¥13.23 | −21% | vs MUX |
| China Gold International Resources Corp CGG | C$32.55 | C$14.94 | −54% | vs MUX |
| Artemis Gold Inc ARTG | C$40.64 | C$15.63 | −62% | vs MUX |
| Perpetua Resources Corp PPTA | $19.53 | $5.16 | −74% | vs MUX |
| PT Amman Mineral Internasional Tbk AMMN | 3,620 IDR | 881.70 IDR | −76% | vs MUX |
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Frequently asked questions
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