| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 39 | 15.3x | 17.8x | Bottom tier | |
Growth | 96 | 47.7% | 7.1% | Top tier | |
Quality | 58 | 12.7% | 4.5% | Around median | |
Safety | 77 | 0.5x | 2.6x | Top tier | |
Capital Return | 45 | — | 2.12% | Around median | |
Momentum | 44 | 80.0% | 2.9% | Around median | |
Sentiment | 34 | 2 | 3 | Bottom tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
McEwen Mining Inc. operates through a portfolio combining gold production, new resource development, and a strategic copper interest. The gold assets mentioned include Gold Bar, Fox Complex, and the San José joint venture, while the parent company owns a 46.3% interest in McEwen Copper, the developer of the Los Azules project in Argentina; therefore, its near-term results are tied to gold production and costs, while Los Azules represents a potential source of long-term value.
In the latest financial quarter for which EDGAR figures are available in the provided data, which is quarter 1 of fiscal year 2026, revenue totaled $74.0 million, gross profit was $31.5 million, net income was $33.4 million, and earnings per share were $0.47. This equates to a gross profit margin of approximately 42.6%. For the twelve months ending in fiscal year 2026, revenue totaled $235.9 million, gross profit was $69.0 million, and net income was $74.1 million.
The portfolio shows a mix of producing gold assets such as Gold Bar, Fox Complex, and San José, and a major development-stage copper asset through Los Azules, but the provided data does not offer a numerical revenue breakdown by asset. In quarter 2 of fiscal year 2026, management acknowledged that production fell short of its plan and costs remained above acceptable levels, attributing the most significant issue to elevated carbonaceous material at Gold Bar and lower gold recovery.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus is “Buy,” with an average target of $29.5 and a narrow target range between $28 and $31; the average is near the top of the 52-week range of $29.70, compared with a low of $12.38. No published price-to-earnings ratio is available in the provided data, so the valuation depends heavily on the sustainability of mining earnings, the company's ability to address Gold Bar's issues, and its ability to convert its 46.3% interest in Los Azules into financed and executable value.
Figures in the text are as of 2026-09-02; the live price is shown at the top of the page.
MUX's results combine gold production from assets including Gold Bar, Fox Complex, and the San José joint venture with the value of a 46.3% interest in McEwen Copper. In quarter 1 of fiscal year 2026, revenue totaled $74.0 million, gross profit was $31.5 million, and net income was $33.4 million. In quarter 2 of fiscal year 2026, Gold Bar's performance became a headwind due to lower production, higher costs, and carbonaceous material that reduced gold recovery.
Los Azules is the primary development-stage copper asset in the provided data, and McEwen Mining owns a 46.3% interest in McEwen Copper. The project has an estimated initial life of approximately 22 years, and management is discussing the possibility of extending it to 33 years through a concentrator or Rio Tinto's Nuton technology. On August 27, 2026, McEwen Copper closed a four-year, $240 million secured loan to fund progress toward a final investment decision.
The company found more carbonaceous material than expected in parts of the orebody in quarter 2 of fiscal year 2026. This material absorbs dissolved gold during leaching, so recovered ounces fell below the planned level. Management responded by expanding metallurgical testing and improving geological modeling, mine sequencing, and ore blending, but explained that these measures would not provide an immediate solution.
Management estimates the required financing package at approximately $4 billion, including estimated capital expenditures of approximately $3.2 billion, in addition to working capital, interest, and a cost-overrun allowance. The scenario presented on the August 6, 2026 call is based on approximately 60% debt and 40% equity, with a requirement for nearly $1.6 billion of equity. Management expects most of the debt to come from export credit agencies, while the equity component could come from partners, an initial public offering, and specialized mining funds.
Gold Bar is the principal user of fossil fuel among the operations mentioned and is therefore affected by the U.S. diesel price. Management said that the increase in diesel from approximately $3.75 per gallon in fiscal year 2025 to approximately $4.75 in fiscal year 2026 added nearly $100 per ounce to all-in sustaining costs. Another increase of one dollar per gallon could add approximately another $100 per ounce, according to management's estimate on the August 6, 2026 call.
The analyst consensus provided in the data is “Buy,” with an average price target of $29.5. The lowest analyst target is $28 and the highest is $31, while the 52-week range extends from $12.38 to $29.70. No published price-to-earnings ratio is available, making the stock's valuation more dependent on improvements at Gold Bar and progress in financing Los Azules than on a direct comparison using a reported earnings multiple.
