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McEwen Mining (MUX-T)
TSE:MUX
10.67
0.13
(1.23%) 1d
Financials
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McEwen Mining (MUX-T) is a polarizing stock, garnering both fanfare and skepticism in the investment community. CEO Rob McEwen, who owns 15% of the company's shares, has a history of aggressive growth through acquisitions, but despite past successes, the stock has experienced a significant decline of 34% over the past decade. The company, valued at $626M with a modest $12M net debt, has struggled financially, posting negative cash flow in the past four years before turning positive in the most recent 12-month period with $47M. Operational challenges persist, particularly with high all-in production costs, and risks associated with its Argentine copper mine complicate its outlook. Given these factors, many view McEwen Mining as a riskier proposition among mid-cap producers, particularly since it has not reported a profit since 2016.
$12.060
Unknown
He would like to see what Rob McEwen does with the treasury. This may be another one where he would like to pay up, i.e., more for better information, rather than buying in anticipation of the information.
(Market Call Minute) A smart entrepreneur. They can start spinning out a lot of cash from his projects that he has assembled in this new company. Sometimes it is as smart to stick with the smart investor as with the project.
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.
Has known Rob McEwen for many years and he suspects that his commercial and promotional acumen will make him one of the big winners in this cycle. He has a decent balance sheet and is very smart. Also, he is enormously tenacious.
(Market Call Minute.) The owner is a legend and he intends to create the next legend.
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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 2025-02-10, McEwen Mining (MUX-T) stock closed at a price of $10.67.
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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