McEwen Mining (MUX-T)
TSE:MUX
10.60
0.15
(1.40%) 1d
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McEwen Mining (MUX-T) is viewed as a divisive stock, often characterized by a polarized sentiment among investors. Trevor Rose highlights the company's aggressive growth through acquisitions initiated by CEO Rob McEwen, who holds a significant 15% ownership stake. However, the stock has seen a steep decline of 34% over the past decade, reflecting challenges in its financial performance. Despite a recent positive cash flow of $47 million, the company's net losses have persisted annually since 2016, attributed to high all-in production costs and a reliance on capital for its operations in Argentina—an area fraught with economic risk. With a market capitalization of $626 million and $12 million in net debt, experts consider MUX to be a risky mid-cap producer, lacking attractive metrics for potential investors.
There have been some operational mistakes, but the CEO has had the courage to fix them. In turnaround situations like this, you need to exhibit some patience. He will be helped in a couple of years by an increase in the price of copper. The latent value is not so much in the gold exposure, but in the copper.
One of the principle founders of Gold Corp. He has real issues with Argentina. Gov’t has announced a lot of restrictions on cash flows. It is difficult to get US dollars out of the country. Probably won’t always be the case. There are better alternatives to gold equities with free cash flow and they are more silver.
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McEwen Mining(MUX-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 1
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 1
McEwen Mining(MUX-T) Frequently Asked Questions
What is McEwen Mining stock symbol?
McEwen Mining is a Canadian stock, trading under the symbol MUX-T on the Toronto Stock Exchange (MUX-CT). It is usually referred to as TSX:MUX or MUX-T
Is McEwen Mining a buy or a sell?
In the last year, 1 stock analyst published opinions about MUX-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for McEwen Mining.
Is McEwen Mining a good investment or a top pick?
McEwen Mining was recommended as a Top Pick by on . Read the latest stock experts ratings for McEwen Mining.
Why is McEwen Mining stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is McEwen Mining worth watching?
1 stock analyst on Stockchase covered McEwen Mining In the last year. It is a trending stock that is worth watching.
What is McEwen Mining stock price?
On 2025-04-25, McEwen Mining (MUX-T) stock closed at a price of $10.6.
MUX is a 'love it or hate it' stock. Mr. McEwen has his fans, and his not fans. He is an aggressive CEO, and has grown via acquisition. He had good success decades ago, not so much since. He owns 15% of the stock. But, the stock is down 34% in the past 10 years. It is small at $626M. It has $12M net debt. Cash flow was negative for the past four years, but positive $47M in the most recent rolling 12 month period. It has lost money every year since 2016. It needs lots of capital for its Argentina copper mine, and of course the country carries some risks as well. It produced 35,000 ounces of gold last quarter. All-in per ounce production costs are still fairly high, and we would like to see some improvements in this metric. All in, we would consider it one of the riskier mid-cap producers, and not hugely attractive.
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