Is McEwen Mining Stock a Good Investment?
McEwen Mining Investment Advice | MUX |
- Examine McEwen Mining's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research McEwen Mining's leadership team and their track record. Good management can help McEwen Mining navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Metals & Mining space and any emerging trends that could impact McEwen Mining's business and its evolving consumer preferences.
- Compare McEwen Mining's performance and market position to its competitors. Analyze how McEwen Mining is positioned in terms of product offerings, innovation, and market share.
- Check if McEwen Mining pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about McEwen Mining's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in McEwen Mining stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if McEwen Mining is a good investment.
Sell | Buy |
Sell
Market Performance | Very Weak | Details | |
Volatility | Somewhat reliable | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Frail | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine McEwen Mining Stock
Researching McEwen Mining's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 16.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 0.89. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. McEwen Mining last dividend was issued on the 7th of March 2019. The entity had 1:10 split on the 28th of July 2022.
To determine if McEwen Mining is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding McEwen Mining's research are outlined below:
| McEwen Mining generated a negative expected return over the last 90 days | |
| McEwen Mining has high historical volatility and very poor performance | |
| McEwen Mining has about 39.78 M in cash with (39.34 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.19. | |
| McEwen Mining has a frail financial position based on the latest SEC disclosures | |
| Roughly 16.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from finance.yahoo.com: Canadian Gold Corp. Announces Non-Brokered Financing to Advance Phase 4 Exploration at Tartan |
McEwen Mining uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in McEwen Mining. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to McEwen Mining's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 11th of March 2024 Upcoming Quarterly Report | View | |
| 13th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 11th of March 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact McEwen Mining's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises McEwen Mining's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2024-05-08 | 2024-03-31 | -0.07 | -0.05 | 0.02 | 28 | ||
2022-11-04 | 2022-09-30 | -0.24 | -0.21 | 0.03 | 12 | ||
2020-10-29 | 2020-09-30 | -0.23 | -0.2 | 0.03 | 13 | ||
2021-08-04 | 2021-06-30 | -0.15 | -0.1 | 0.05 | 33 | ||
2019-04-30 | 2019-03-31 | -0.35 | -0.3 | 0.05 | 14 | ||
2018-07-31 | 2018-06-30 | -0.13 | -0.2 | -0.07 | 53 | ||
2024-11-06 | 2024-09-30 | -0.15 | -0.06 | 0.09 | 60 | ||
2024-08-07 | 2024-06-30 | -0.17 | -0.26 | -0.09 | 52 |
Know McEwen Mining's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as McEwen Mining is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading McEwen Mining backward and forwards among themselves. McEwen Mining's institutional investor refers to the entity that pools money to purchase McEwen Mining's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | D. E. Shaw & Co Lp | 2024-06-30 | 419.4 K | Millennium Management Llc | 2024-06-30 | 372.2 K | Jupiter Asset Management Limited | 2024-09-30 | 259.3 K | Connor Clark & Lunn Inv Mgmt Ltd | 2024-06-30 | 236.4 K | Two Sigma Advisers, Llc | 2024-06-30 | 228.9 K | Deutsche Bank Ag | 2024-06-30 | 188.4 K | Susquehanna International Group, Llp | 2024-06-30 | 172 K | Tidal Investments Llc. | 2024-06-30 | 150.2 K | Northern Trust Corp | 2024-09-30 | 139.1 K | Van Eck Associates Corporation | 2024-06-30 | 2.1 M | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 1.6 M |
McEwen Mining's market capitalization trends
The company currently falls under 'Small-Cap' category with a total capitalization of 445.63 M.Market Cap |
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McEwen Mining's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.08 | 0.09 | |
| Return On Capital Employed | (0.26) | (0.27) | |
| Return On Assets | 0.08 | 0.09 | |
| Return On Equity | 0.11 | 0.08 |
Determining McEwen Mining's profitability involves analyzing its financial statements and using various financial metrics to determine if McEwen Mining is a good buy. For example, gross profit margin measures McEwen Mining's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of McEwen Mining's profitability and make more informed investment decisions.
McEwen Mining's Earnings Breakdown by Geography
Please note, the imprecision that can be found in McEwen Mining's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of McEwen Mining. Check McEwen Mining's Beneish M Score to see the likelihood of McEwen Mining's management manipulating its earnings.
Evaluate McEwen Mining's management efficiency
At this time, McEwen Mining's Return On Tangible Assets are fairly stable compared to the past year. Return On Assets is likely to rise to 0.09 in 2024, whereas Return On Capital Employed is likely to drop (0.27) in 2024. At this time, McEwen Mining's Total Assets are fairly stable compared to the past year. Non Current Assets Total is likely to rise to about 634.8 M in 2024, whereas Total Current Assets are likely to drop slightly above 31.5 M in 2024. McEwen Mining's management efficiency ratios could be used to measure how well McEwen Mining manages its routine affairs as well as how well it operates its assets and liabilities.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 10.57 | 13.94 | |
| Tangible Book Value Per Share | 10.57 | 10.04 | |
| Enterprise Value Over EBITDA | (5.06) | (5.31) | |
| Price Book Value Ratio | 0.68 | 0.65 | |
| Enterprise Value Multiple | (5.06) | (5.31) | |
| Price Fair Value | 0.68 | 0.65 | |
| Enterprise Value | 362 M | 380.1 M |
McEwen Mining benefits from a management team that prioritizes both innovation and efficiency. We analyze these priorities to gauge the stock's future performance.
Beta 1.438 |
Basic technical analysis of McEwen Stock
As of the 21st of November, McEwen Mining secures the mean deviation of 2.37, and Risk Adjusted Performance of (0.03). Concerning fundamental indicators, the technical analysis model lets you check available technical drivers of McEwen Mining, as well as the relationship between them.McEwen Mining's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific McEwen Mining insiders, such as employees or executives, is commonly permitted as long as it does not rely on McEwen Mining's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases McEwen Mining insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Carmen Diges over two weeks ago Acquisition by Carmen Diges of 20000 shares of McEwen Mining at 7.1 subject to Rule 16b-3 | ||
Spears Stephan Michael over three months ago Disposition of 75000 shares by Spears Stephan Michael of McEwen Mining at 1.02 subject to Rule 16b-3 | ||
Carmen Diges over three months ago Discretionary transaction by Carmen Diges of tradable shares of McEwen Mining subject to Rule 16b-3 | ||
William Shaver over six months ago Acquisition by William Shaver of 1066 shares of McEwen Mining subject to Rule 16b-3 | ||
Nathan Stubina over six months ago Acquisition by Nathan Stubina of 200000 shares of McEwen Mining subject to Rule 16b-3 | ||
Michael Stein over a year ago Exercise or conversion by Michael Stein of 45000 shares of McEwen Mining subject to Rule 16b-3 |
McEwen Mining's Outstanding Corporate Bonds
McEwen Mining issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. McEwen Mining uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most McEwen bonds can be classified according to their maturity, which is the date when McEwen Mining has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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Understand McEwen Mining's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing McEwen Mining's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.03) | |||
| Market Risk Adjusted Performance | (0.22) | |||
| Mean Deviation | 2.37 | |||
| Coefficient Of Variation | (1,842) | |||
| Standard Deviation | 3.16 | |||
| Variance | 9.98 | |||
| Information Ratio | (0.08) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | (0.23) | |||
| Maximum Drawdown | 15.3 | |||
| Value At Risk | (5.30) | |||
| Potential Upside | 5.6 | |||
| Skewness | 0.4354 | |||
| Kurtosis | 0.7309 |
| Risk Adjusted Performance | (0.03) | |||
| Market Risk Adjusted Performance | (0.22) | |||
| Mean Deviation | 2.37 | |||
| Coefficient Of Variation | (1,842) | |||
| Standard Deviation | 3.16 | |||
| Variance | 9.98 | |||
| Information Ratio | (0.08) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | (0.23) | |||
| Maximum Drawdown | 15.3 | |||
| Value At Risk | (5.30) | |||
| Potential Upside | 5.6 | |||
| Skewness | 0.4354 | |||
| Kurtosis | 0.7309 |
Consider McEwen Mining's intraday indicators
McEwen Mining intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of McEwen Mining stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
McEwen Mining Corporate Filings
8K | 8th of November 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
10Q | 5th of November 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
| 23rd of August 2024 Other Reports | ViewVerify | |
| 22nd of August 2024 Other Reports | ViewVerify |
McEwen Stock media impact
Far too much social signal, news, headlines, and media speculation about McEwen Mining that are available to investors today. That information is available publicly through McEwen media outlets and privately through word of mouth or via McEwen internal channels. However, regardless of the origin, that massive amount of McEwen data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of McEwen Mining news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of McEwen Mining relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to McEwen Mining's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive McEwen Mining alpha.
McEwen Mining Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards McEwen Mining can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
McEwen Mining Corporate Directors
| Leanne Baker | Independent Director | Profile | |
| Michael Stein | Independent Director | Profile | |
| Donald Quick | Independent Director | Profile | |
| William PEng | Interim Director | Profile |
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.