Mcewen Mining Stock Beta

MUX Stock

USD 8.65 0.06 0.69%

McEwen Mining fundamentals help investors to digest information that contributes to McEwen Mining's financial success or failures. It also enables traders to predict the movement of McEwen Stock. The fundamental analysis module provides a way to measure McEwen Mining's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to McEwen Mining stock.

Total Current Liabilities Total Assets

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McEwen Mining Company Beta Analysis

McEwen Mining's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

Covariance

Variance

More About Beta | All Equity Analysis

Current McEwen Mining Beta

1.44

Most of McEwen Mining's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, McEwen Mining is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

McEwen Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for McEwen Mining is extremely important. It helps to project a fair market value of McEwen Stock properly, considering its historical fundamentals such as Beta. Since McEwen Mining's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of McEwen Mining's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of McEwen Mining's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Common Stock	Long Term Debt	Property Plant Equipment	Short Term Investments	Net Tangible Assets	Deferred Long Term Liab	Long Term Investments	Current Deferred Revenue	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.98	-0.29	-0.25	0.3	0.87	0.46	0.06	0.2	0.63	0.15	0.48	-0.18	0.75	-0.12	0.29	0.19	0.16	0.05	-0.02	-0.07	0.23
Total Stockholder Equity	0.98		-0.38	-0.2	0.37	0.76	0.44	-0.03	0.14	0.6	0.02	0.47	-0.21	0.8	-0.08	0.28	0.1	0.02	0.01	0.1	0.07	0.15
Net Debt	-0.29	-0.38		-0.51	-0.67	0.01	-0.25	0.23	0.43	0.22	0.7	-0.51	0.3	-0.56	-0.24	0.13	0.23	0.68	-0.21	-0.41	-0.78	0.47
Retained Earnings	-0.25	-0.2	-0.51		0.29	-0.32	-0.45	-0.27	-0.74	-0.9	-0.72	0.13	-0.13	0.11	0.61	-0.06	-0.12	-0.61	-0.09	0.46	0.67	-0.53
Net Receivables	0.3	0.37	-0.67	0.29		0.06	0.03	-0.01	-0.57	-0.04	-0.61	0.21	-0.27	0.49	0.47	-0.11	-0.02	-0.48	0.12	0.31	0.59	-0.42
Total Liab	0.87	0.76	0.01	-0.32	0.06		0.39	0.25	0.3	0.57	0.46	0.42	-0.06	0.44	-0.2	0.32	0.38	0.51	0.13	-0.32	-0.42	0.43
Total Current Assets	0.46	0.44	-0.25	-0.45	0.03	0.39		0.41	0.61	0.61	0.21	0.56	-0.11	0.43	-0.48	-0.39	-0.32	-0.08	0.17	0.0	-0.06	-0.02
Short Term Debt	0.06	-0.03	0.23	-0.27	-0.01	0.25	0.41		0.32	0.24	0.36	0.27	0.06	0.08	-0.12	-0.45	0.03	0.16	0.22	-0.22	-0.3	-0.06
Accounts Payable	0.2	0.14	0.43	-0.74	-0.57	0.3	0.61	0.32		0.67	0.67	0.19	0.27	0.01	-0.73	-0.21	-0.22	0.47	-0.05	-0.5	-0.6	0.31
Common Stock	0.63	0.6	0.22	-0.9	-0.04	0.57	0.61	0.24	0.67		0.55	0.13	0.03	0.31	-0.52	0.09	0.09	0.45	0.05	-0.28	-0.49	0.42
Long Term Debt	0.15	0.02	0.7	-0.72	-0.61	0.46	0.21	0.36	0.67	0.55		-0.06	-0.01	-0.35	-0.51	0.29	0.38	0.89	0.34	-0.61	-0.8	0.75
Property Plant Equipment	0.48	0.47	-0.51	0.13	0.21	0.42	0.56	0.27	0.19	0.13	-0.06		-0.18	0.55	-0.32	-0.26	-0.28	-0.16	0.25	0.18	0.3	-0.23
Short Term Investments	-0.18	-0.21	0.3	-0.13	-0.27	-0.06	-0.11	0.06	0.27	0.03	-0.01	-0.18		-0.14	-0.12	-0.23	-0.33	0.21	-0.48	-0.34	-0.37	-0.06
Net Tangible Assets	0.75	0.8	-0.56	0.11	0.49	0.44	0.43	0.08	0.01	0.31	-0.35	0.55	-0.14		0.2	-0.24	-0.29	-0.42	-0.15	0.3	0.37	-0.4
Deferred Long Term Liab	-0.12	-0.08	-0.24	0.61	0.47	-0.2	-0.48	-0.12	-0.73	-0.52	-0.51	-0.32	-0.12	0.2		-0.05	-0.01	-0.39	0.02	0.29	0.45	-0.36
Long Term Investments	0.29	0.28	0.13	-0.06	-0.11	0.32	-0.39	-0.45	-0.21	0.09	0.29	-0.26	-0.23	-0.24	-0.05		0.7	0.47	0.21	-0.07	-0.17	0.73
Current Deferred Revenue	0.19	0.1	0.23	-0.12	-0.02	0.38	-0.32	0.03	-0.22	0.09	0.38	-0.28	-0.33	-0.29	-0.01	0.7		0.51	0.24	-0.26	-0.42	0.63
Short Long Term Debt	0.16	0.02	0.68	-0.61	-0.48	0.51	-0.08	0.16	0.47	0.45	0.89	-0.16	0.21	-0.42	-0.39	0.47	0.51		0.25	-0.71	-0.84	0.82
Cash And Equivalents	0.05	0.01	-0.21	-0.09	0.12	0.13	0.17	0.22	-0.05	0.05	0.34	0.25	-0.48	-0.15	0.02	0.21	0.24	0.25		-0.1	0.14	0.39
Net Invested Capital	-0.02	0.1	-0.41	0.46	0.31	-0.32	0.0	-0.22	-0.5	-0.28	-0.61	0.18	-0.34	0.3	0.29	-0.07	-0.26	-0.71	-0.1		0.72	-0.39
Net Working Capital	-0.07	0.07	-0.78	0.67	0.59	-0.42	-0.06	-0.3	-0.6	-0.49	-0.8	0.3	-0.37	0.37	0.45	-0.17	-0.42	-0.84	0.14	0.72		-0.6
Capital Stock	0.23	0.15	0.47	-0.53	-0.42	0.43	-0.02	-0.06	0.31	0.42	0.75	-0.23	-0.06	-0.4	-0.36	0.73	0.63	0.82	0.39	-0.39	-0.6

Click cells to compare fundamentals

In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.

Competition

Predict McEwen Mining

In accordance with the recently published financial statements, McEwen Mining has a Beta of 1.438. This is 65.29% higher than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The beta for all United States stocks is notably lower than that of the firm.

McEwen Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses McEwen Mining's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of McEwen Mining could also be used in its relative valuation, which is a method of valuing McEwen Mining by comparing valuation metrics of similar companies.

McEwen Mining is currently under evaluation in beta category among its peers.

McEwen Mining ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, McEwen Mining's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to McEwen Mining's managers, analysts, and investors.

Environmental

Governance

Social

McEwen Mining Institutional Holders

Institutional Holdings refers to the ownership stake in McEwen Mining that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of McEwen Mining's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing McEwen Mining's value.

		Shares
Connor Clark & Lunn Inv Mgmt Ltd	2024-09-30	393.7 K
Morgan Stanley - Brokerage Accounts	2024-09-30	358.4 K
Two Sigma Advisers, Llc	2024-09-30	279.2 K
Jupiter Asset Management Limited	2024-09-30	259.3 K
Amvescap Plc.	2024-09-30	234.2 K
Millennium Management Llc	2024-09-30	225.1 K
Deutsche Bank Ag	2024-09-30	188.4 K
Cubist Systematic Strategies, Llc	2024-09-30	155.5 K
Tidal Investments Llc.	2024-09-30	152.9 K
Van Eck Associates Corporation	2024-12-31	2.1 M
State Street Corp	2024-09-30	1.1 M

As the market goes up, the company is expected to outperform it. However, if the market returns are negative, McEwen Mining will likely underperform.

McEwen Fundamentals

	Return On Equity	0.23
	Return On Asset	-8.0E-4
	Profit Margin	0.52 %
	Operating Margin	0.06 %
	Current Valuation	473.2 M
	Shares Outstanding	52.92 M
	Shares Owned By Insiders	15.93 %
	Shares Owned By Institutions	31.22 %
	Number Of Shares Shorted	981 K
	Price To Earning	(97.00) X
	Price To Book	0.92 X
	Price To Sales	2.29 X
	Revenue	166.23 M
	Gross Profit	66.23 M
	EBITDA	(71.41 M)
	Net Income	55.3 M
	Cash And Equivalents	39.78 M
	Cash Per Share	1.19 X
	Total Debt	41.47 M
	Debt To Equity	0.17 %
	Current Ratio	1.65 X
	Book Value Per Share	9.49 X
	Cash Flow From Operations	(39.64 M)
	Short Ratio	2.46 X
	Earnings Per Share	2.21 X
	Target Price	14.81
	Number Of Employees	1.98 K
	Beta	1.44
	Market Capitalization	457.8 M
	Total Asset	657.24 M
	Retained Earnings	(1.27 B)
	Working Capital	22.66 M
	Current Asset	54.44 M
	Current Liabilities	22.04 M
	Net Asset	657.24 M

About McEwen Mining Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze McEwen Mining's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of McEwen Mining using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of McEwen Mining based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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GM	General Motors
C	Citigroup

Additional Tools for McEwen Stock Analysis

When running McEwen Mining's price analysis, check to measure McEwen Mining's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy McEwen Mining is operating at the current time. Most of McEwen Mining's value examination focuses on studying past and present price action to predict the probability of McEwen Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move McEwen Mining's price. Additionally, you may evaluate how the addition of McEwen Mining to your portfolios can decrease your overall portfolio volatility.

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