McEwen Mining Inc. (MUX) Key Metrics
MUX valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $970.2M
- Enterprise value
- $1.27B
- P/E (TTM)
- 12.9 10-yr median 29.1
- Forward P/E
- 6.0
- PEG ratio
- —
- Price / sales
- 4.0 10-yr median 3.9
- Price / book
- 1.7 10-yr median 1.1
- EV / EBITDA
- 20.5 10-yr median 25.1
- Dividend yield
- —
- Beta
- 1.26
MUX key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsMUX valuation Price multiples at each fiscal year-end price.
MUX returns How much profit the business earns on the capital it uses.
MUX per-share figures Results divided by the shares outstanding at year-end.
MUX financial health Debt, liquidity and how easily interest is covered.
MUX efficiency & capital use Working capital cycle and where the cash goes.
MUX valuation history
MUX returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
MUX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
MUX cash returned to shareholders
MUX price vs earnings per share
MUX key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.00B | $396.9M | $342.8M | $277.9M | $403.3M | $397.4M | $459.5M | $613.9M | $715.7M | $874.4M |
| Enterprise value | $1.06B | $424.2M | $360.3M | $303.4M | $400.6M | $430.2M | $467.9M | $650.6M | $681.1M | $828.4M |
| P/E ratio | 29.1 | — | 6.2 | — | — | — | — | — | — | 41.5 |
| Price / sales | 5.1 | 2.3 | 2.1 | 2.5 | 3.0 | 3.8 | 3.9 | 4.8 | 10.6 | 14.5 |
| Price / book | 1.8 | 0.8 | 0.7 | 0.9 | 1.1 | 1.1 | 0.9 | 1.3 | 1.4 | 2.0 |
| Price / free cash flow | — | — | — | — | — | — | — | — | — | 48.5 |
| Price / operating cash flow | 145.7 | 13.5 | — | — | — | — | — | — | — | 34.7 |
| EV / sales | 5.3 | 2.4 | 2.2 | 2.7 | 2.9 | 4.1 | 4.0 | 5.1 | 10.1 | 13.7 |
| EV / EBITDA | 25.1 | 23.2 | — | — | — | — | — | — | — | 138.6 |
| EV / free cash flow | — | — | — | — | — | — | — | — | — | 46.0 |
| Earnings yield | 3.4% | −11.0% | 16.1% | −29.2% | −14.1% | −38.3% | −13.0% | −7.3% | −1.5% | 2.4% |
| Free cash flow yield | −3.8% | −3.4% | −19.2% | −29.8% | −13.7% | −10.4% | −15.1% | −13.2% | −3.4% | 2.1% |
| Dividend yield | 0.2% | — | 0.1% | 0.1% | 2.4% | 0.1% | 0.0% | 0.5% | 0.4% | 0.3% |
| Shareholder yield (dividends + buybacks) | 0.8% | 0.0% | 59.8% | 0.1% | 2.4% | 0.1% | 0.0% | 0.5% | 0.4% | 0.4% |
| Share price at fiscal year-end | $18.51 | $7.78 | $7.21 | $5.86 | $8.87 | $9.85 | $12.70 | $18.20 | $22.80 | $29.10 |
| Per share | ||||||||||
| Revenue per share | $3.66 | $3.42 | $3.50 | $2.33 | $3.00 | $2.60 | $3.23 | $3.82 | $2.16 | $2.01 |
| Earnings per share | $0.64 | −$0.86 | $1.16 | −$1.71 | −$1.25 | −$3.78 | −$1.65 | −$1.33 | −$0.34 | $0.70 |
| Operating cash flow per share | $0.13 | $0.58 | −$0.83 | −$1.24 | −$0.44 | −$0.69 | −$1.09 | $0.01 | −$0.49 | $0.84 |
| Free cash flow per share | −$0.70 | −$0.27 | −$1.38 | −$1.75 | −$1.21 | −$1.02 | −$1.91 | −$2.40 | −$0.76 | $0.60 |
| Cash per share | $1.33 | $0.29 | $0.52 | $0.86 | $1.29 | $0.52 | $1.34 | $0.56 | $1.12 | $1.53 |
| Book value per share | $10.11 | $9.70 | $10.57 | $6.81 | $8.25 | $9.05 | $13.80 | $14.41 | $16.61 | $14.74 |
| Tangible book value per share | $10.11 | $9.70 | $10.57 | $6.81 | $8.25 | $9.05 | $13.80 | $14.41 | $16.61 | $14.74 |
| Dividends per share | $0.04 | — | $0.01 | $0.01 | $0.22 | $0.01 | $0.00 | $0.10 | $0.10 | $0.10 |
| Capex per share | $0.83 | $0.84 | $0.55 | $0.51 | $0.77 | $0.33 | $0.82 | $2.41 | $0.27 | $0.24 |
| Debt per share | $2.37 | $0.83 | $0.89 | $1.40 | $1.23 | $1.33 | $1.57 | $1.65 | $0.02 | $0.00 |
| Shares outstanding | 54.0M | 51.0M | 47.5M | 47.4M | 45.5M | 40.3M | 36.2M | 33.7M | 31.4M | 30.0M |
| Change in shares outstanding | +5.9% | +7.3% | +0.2% | +4.3% | +12.7% | +11.5% | +7.3% | +7.5% | +4.5% | +0.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 6.6% | −8.8% | 13.4% | −23.2% | −15.3% | −35.2% | −12.1% | −8.9% | −2.2% | 4.9% |
| Return on invested capital (ROIC) | −2.3% | −7.7% | −18.7% | −20.9% | −13.2% | −26.7% | −9.8% | −7.4% | −4.7% | 3.9% |
| Return on assets (ROA) | 4.6% | −6.6% | 9.3% | −15.2% | −10.9% | −26.5% | −9.5% | −7.4% | −2.0% | 4.3% |
| Return on tangible assets | 4.2% | −6.6% | 8.4% | −15.3% | −10.6% | −29.9% | −9.3% | −7.3% | −1.8% | 4.2% |
| Free cash flow margin | −19.1% | −7.8% | −39.5% | −75.0% | −40.4% | −39.4% | −59.2% | −62.7% | −35.4% | 29.9% |
| Income quality (OCF / net income) | 0.20 | — | −0.72 | — | — | — | — | — | — | 1.20 |
| Financial health | ||||||||||
| Total debt | $128.2M | $42.1M | $42.3M | $66.4M | $56.0M | $53.7M | $56.6M | $55.6M | $551,000 | $0 |
| Cash & short-term investments | $72.1M | $14.9M | $24.8M | $40.9M | $58.6M | $20.8M | $48.3M | $18.9M | $35.1M | $46.0M |
| Net debt | $56.1M | $27.2M | $17.5M | $25.5M | −$2.7M | $32.8M | $8.3M | $36.7M | −$34.6M | −$46.0M |
| Debt / equity | 0.23 | 0.09 | 0.08 | 0.21 | 0.15 | 0.15 | 0.11 | 0.11 | 0.00 | 0.00 |
| Debt / assets | 0.16 | 0.06 | 0.06 | 0.13 | 0.10 | 0.11 | 0.09 | 0.09 | 0.00 | 0.00 |
| Net debt / EBITDA | 1.33 | 1.49 | — | — | — | — | — | — | — | −7.69 |
| Current ratio | 1.69 | 0.86 | 1.76 | 0.97 | 1.62 | 1.17 | 1.88 | 1.65 | 2.31 | 3.82 |
| Quick ratio | 1.27 | 0.48 | 1.09 | 0.59 | 1.32 | 0.58 | 1.10 | 1.04 | 1.46 | 2.52 |
| Interest coverage | -1.8 | -11.0 | — | -12.3 | -10.4 | -20.6 | -9.4 | -29.1 | -28.0 | 18.4 |
| Working capital | $44.1M | −$6.5M | $22.7M | −$2.5M | $32.6M | $7.9M | $43.2M | $23.4M | $49.2M | $58.0M |
| Invested capital | $602.3M | $522.2M | $519.9M | $348.3M | $372.5M | $398.1M | $507.8M | $522.7M | $486.7M | $397.1M |
| Tangible asset value | $546.2M | $495.0M | $502.4M | $356.3M | $389.9M | $365.3M | $499.5M | $485.9M | $521.3M | $443.0M |
| Net current asset value | −$166.1M | −$128.5M | −$104.5M | −$90.8M | −$59.7M | −$89.9M | −$50.9M | −$71.6M | $16.0M | $23.3M |
| Graham number | $12.04 | — | $16.63 | — | — | — | — | — | — | $15.25 |
| Graham net-net per share | −$3.44 | −$2.79 | −$2.53 | −$2.39 | −$1.66 | −$2.67 | −$2.03 | −$2.97 | −$0.50 | $0.24 |
| Capital allocation | ||||||||||
| Dividends paid | $2.2M | — | $295,000 | $286,000 | $9.8M | $340,000 | $0 | $3.4M | $3.1M | $3.0M |
| Share buybacks (net) | $6.1M | $0 | $204.8M | $0 | $0 | $0 | $0 | $0 | $0 | $582,000 |
| Dividend payout ratio | 6.5% | — | 0.5% | — | — | — | — | — | — | 14.2% |
| Dividends + buybacks / free cash flow | — | — | — | — | — | — | — | — | — | 19.8% |
| Capex / revenue | 22.6% | 24.7% | 15.7% | 21.9% | 25.6% | 12.8% | 25.4% | 63.1% | 12.7% | 11.9% |
| Capex / operating cash flow | 650.2% | 146.3% | — | — | — | — | — | 16,698.4% | — | 28.4% |
| Capex / depreciation | 1.60 | 1.40 | 0.86 | 1.24 | 1.37 | 0.58 | 1.16 | 4.95 | 1.30 | 2.00 |
| Stock-based compensation / revenue | 1.9% | 1.9% | 0.6% | 0.3% | 0.6% | 0.6% | 0.6% | 0.2% | 1.9% | 1.7% |
| R&D / revenue | — | — | — | — | — | — | — | 2.8% | 5.7% | 6.4% |
| SG&A / revenue | 13.5% | 9.8% | 59.0% | 10.8% | 8.4% | 8.8% | 10.9% | 18.0% | 18.2% | 21.1% |
| Efficiency | ||||||||||
| Days sales outstanding | 6.7 | 7.0 | 5.9 | 10.9 | 7.4 | 7.8 | 5.8 | 8.9 | 25.7 | 43.3 |
| Days of inventory on hand | 46.7 | 48.4 | 63.5 | 78.2 | 54.6 | 90.5 | 102.1 | 102.5 | 218.1 | 213.6 |
| Days payables outstanding | 76.1 | 65.0 | 80.1 | 135.1 | 96.6 | 97.1 | 109.6 | 124.7 | 203.8 | 196.0 |
| Cash conversion cycle (days) | -22.8 | -9.6 | -10.7 | -46.1 | -34.6 | 1.2 | -1.7 | -13.2 | 40.0 | 60.9 |
| Receivables turnover | 54.31 | 51.97 | 61.81 | 33.58 | 49.49 | 46.91 | 62.98 | 40.84 | 14.18 | 8.42 |
| Payables turnover | 4.79 | 5.62 | 4.56 | 2.70 | 3.78 | 3.76 | 3.33 | 2.93 | 1.79 | 1.86 |
| Inventory turnover | 7.82 | 7.54 | 5.75 | 4.67 | 6.69 | 4.03 | 3.58 | 3.56 | 1.67 | 1.71 |
| Asset turnover | 0.27 | 0.26 | 0.28 | 0.21 | 0.26 | 0.18 | 0.19 | 0.21 | 0.12 | 0.12 |
| Average receivables | $3.6M | $3.4M | $2.7M | $3.3M | $2.8M | $2.2M | $1.9M | $3.2M | $4.8M | $7.2M |
| Average payables | $36.7M | $25.6M | $32.6M | $41.1M | $37.8M | $35.1M | $32.4M | $32.8M | $27.4M | $19.1M |
| Average inventory | $22.5M | $19.0M | $25.8M | $23.8M | $21.4M | $32.7M | $30.2M | $27.0M | $29.3M | $20.8M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from MUX's annual financial statements (latest annual report filed March 17, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
MUX valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), McEwen Mining traded at 29.1 times earnings, against a 10-year median of 29.1. Based on the latest twelve months, the trailing P/E is 12.9 and the forward P/E is 6.0. McEwen Mining earned a return on equity of 6.6% and a return on invested capital of −2.3% in fiscal 2025. It ended the year with $128.2 million of debt and $72.1 million in cash and short-term investments, net debt of $56.1 million. It returned $8.3 million to shareholders: $2.2 million in dividends and $6.1 million in share buybacks. The share count rose 79.9% from 30.0M to 54.0M over 9 years.
See the MUX income statement, the MUX chart for price history, or the MUX stock overview for the latest quote and news.
MUX key metrics FAQ
What is McEwen Mining's P/E ratio?
McEwen Mining's trailing P/E ratio is 12.9 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 6.0. At the end of fiscal 2025 it was 29.1, compared with a 10-year median of 29.1.
What is McEwen Mining's EV/EBITDA?
McEwen Mining's enterprise value was 25.1 times EBITDA at the end of fiscal 2025 (enterprise value $1.1 billion, EBITDA $42.0 million); the current EV/EBITDA is 20.5.
What is McEwen Mining's return on equity?
McEwen Mining's return on equity (ROE) was 6.6% in fiscal 2025: net income of $34.4 million on average shareholders' equity of $520.6 million.
What is McEwen Mining's ROIC?
McEwen Mining's return on invested capital was −2.3% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does McEwen Mining have?
McEwen Mining had total debt of $128.2 million at the end of fiscal 2025, a debt-to-equity ratio of 0.23 and $56.1 million of net debt (1.33 times EBITDA).
What is McEwen Mining's dividend yield?
McEwen Mining paid $2.2 million in dividends in fiscal 2025 ($0.04 per share), a payout ratio of 6.5%.
Does McEwen Mining buy back its shares?
Yes. McEwen Mining spent $6.1 million on net share repurchases in fiscal 2025 Shares outstanding changed +5.9% over the year, to 54.0M..
What is McEwen Mining's free cash flow yield?
McEwen Mining generated -$37.8 million of free cash flow in fiscal 2025, a free cash flow yield of −3.8% on its market value at year-end ($1.0 billion).
What is McEwen Mining's current ratio?
McEwen Mining's current ratio was 1.69 at the end of fiscal 2025: current assets were 1.69 times current liabilities.