Mcewen Mining Stock Performance
| MUX Stock | USD 8.31 0.11 1.31% |
The company secures a Beta (Market Risk) of -0.24, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning McEwen Mining are expected to decrease at a much lower rate. During the bear market, McEwen Mining is likely to outperform the market. At this point, McEwen Mining has a negative expected return of -0.1%. Please make sure to verify McEwen Mining's coefficient of variation, value at risk, as well as the relationship between the Value At Risk and rate of daily change , to decide if McEwen Mining performance from the past will be repeated at some future point.
Risk-Adjusted Performance
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Very Weak
Over the last 90 days McEwen Mining has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest weak performance, the Stock's basic indicators remain strong and the current disturbance on Wall Street may also be a sign of long term gains for the company investors. ...more
Actual Historical Performance (%)
One Day Return 1.2 | Five Day Return (5.19) | Year To Date Return 18.95 | Ten Year Return (8.59) | All Time Return 173.05 |
Last Split Factor 1:10 | Dividend Date 2019-03-15 | Ex Dividend Date 2019-03-07 | Last Split Date 2022-07-28 |
1 | Canadian Gold Corp. Hammond Reef South Surface Sample Returns 11.6 gpt Expanding New Gold Discovery Provincial Funding Grant Awarded to Help Advance Exploration | 09/25/2024 |
2 | Inventus Mining Announces Private Placement with Investment by McEwen Mining | 10/21/2024 |
3 | Acquisition by Carmen Diges of 20000 shares of McEwen Mining at 7.1 subject to Rule 16b-3 | 10/31/2024 |
4 | FIRST NATION DRILL COMPANY ENGAGED FOR PHASE III DRILLING AT CASE LAKE | 11/06/2024 |
5 | Q3 2024 McEwen Mining Inc Earnings Call Transcript | 11/07/2024 |
6 | Canadian Gold Corp. Announces Non-Brokered Financing to Advance Phase 4 Exploration at Tartan | 11/20/2024 |
7 | Acquisition by Stephen McGibbon of 200000 shares of McEwen Mining at 1.21 subject to Rule 16b-3 | 11/27/2024 |
8 | McEwen MiningGrey Fox Exploration Update - Exploration Has Ope | 12/02/2024 |
9 | Rio Tinto Releases Initial Estimates for Argentinas Rincon Project, Activists Call For Consolidation | 12/04/2024 |
10 | TNR Gold NSR Royalty Update - Los Azules Copper, Gold and Silver Project McEwen Copper Secures Environmental Permit for Construction and Operation of Los Azules | 12/05/2024 |
11 | McEwen mining director Nicolas Darveau-Garneau buys 19,114 in stock | 12/10/2024 |
12 | Canadian Gold Corp. Commences Phase 4 Drill Program at Tartan Mine | 12/16/2024 |
| Begin Period Cash Flow | 43.6 M |
McEwen |
McEwen Mining Relative Risk vs. Return Landscape
If you would invest 916.00 in McEwen Mining on September 19, 2024 and sell it today you would lose (85.00) from holding McEwen Mining or give up 9.28% of portfolio value over 90 days. McEwen Mining is generating negative expected returns assuming volatility of 3.2755% on return distribution over 90 days investment horizon. In other words, 29% of stocks are less volatile than McEwen, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
McEwen Mining Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for McEwen Mining's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as McEwen Mining, and traders can use it to determine the average amount a McEwen Mining's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0313
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| Negative Returns | MUX |
Estimated Market Risk
| 3.28 actual daily | 29 71% of assets are more volatile |
Expected Return
| -0.1 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average McEwen Mining is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of McEwen Mining by adding McEwen Mining to a well-diversified portfolio.
McEwen Mining Fundamentals Growth
McEwen Stock prices reflect investors' perceptions of the future prospects and financial health of McEwen Mining, and McEwen Mining fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on McEwen Stock performance.
| Return On Equity | 0.23 | ||||
| Return On Asset | -8.0E-4 | ||||
| Profit Margin | 0.52 % | ||||
| Operating Margin | 0.06 % | ||||
| Current Valuation | 452.03 M | ||||
| Shares Outstanding | 52.92 M | ||||
| Price To Earning | (97.00) X | ||||
| Price To Book | 0.88 X | ||||
| Price To Sales | 2.23 X | ||||
| Revenue | 166.23 M | ||||
| Gross Profit | (47.57 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 | (39.34 M) | ||||
| Earnings Per Share | 2.18 X | ||||
| Market Capitalization | 445.63 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 | ||||
About McEwen Mining Performance
Evaluating McEwen Mining's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if McEwen Mining has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if McEwen Mining has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 36.06 | 34.26 | |
| 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 |
Things to note about McEwen Mining performance evaluation
Checking the ongoing alerts about McEwen Mining for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for McEwen Mining help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| 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. Commences Phase 4 Drill Program at Tartan Mine |
- Analyzing McEwen Mining's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether McEwen Mining's stock is overvalued or undervalued compared to its peers.
- Examining McEwen Mining's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating McEwen Mining's management team can have a significant impact on its success or failure. Reviewing the track record and experience of McEwen Mining's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of McEwen Mining's stock. These opinions can provide insight into McEwen Mining's potential for growth and whether the stock is currently undervalued or overvalued.
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.