Mcewen Mining Stock Buy Hold or Sell Recommendation
| MUX Stock | USD 12.22 0.04 0.33% |
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding McEwen Mining is 'Buy'. Macroaxis provides McEwen Mining buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding MUX positions. The advice algorithm takes into account all of McEwen Mining's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting McEwen Mining's buy or sell advice are summarized below:
Real Value 13.38 | Target Price 14.02 | Hype Value 12.77 | Market Value 12.22 | Naive Value 12.38 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell McEwen Mining given historical horizon and risk tolerance towards McEwen Mining. When Macroaxis issues a 'buy' or 'sell' recommendation for McEwen Mining, the advice is generated through an automated system that utilizes algorithms and statistical models.
McEwen |
Execute McEwen Mining Buy or Sell Advice
The McEwen recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on McEwen Mining. Macroaxis does not own or have any residual interests in McEwen Mining or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute McEwen Mining's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Buy
Market Performance | Solid | Details | |
Volatility | Somewhat reliable | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Frail | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
McEwen Mining Trading Alerts and Improvement Suggestions
| McEwen Mining appears to be risky and price may revert if volatility continues | |
| 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 17.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from finance.yahoo.com: McEwen Stock Falls Amid Market Uptick What Investors Need to Know |
McEwen Mining Returns Distribution Density
The distribution of McEwen Mining's historical returns is an attempt to chart the uncertainty of McEwen Mining's future price movements. The chart of the probability distribution of McEwen Mining daily returns describes the distribution of returns around its average expected value. We use McEwen Mining price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of McEwen Mining returns is essential to provide solid investment advice for McEwen Mining.
| Mean Return | 1.01 | Value At Risk | -3.9 | Potential Upside | 9.05 | Standard Deviation | 3.85 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of McEwen Mining historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
McEwen Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as McEwen Mining is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading McEwen Mining backward and forwards among themselves. McEwen Mining's institutional investor refers to the entity that pools money to purchase McEwen Mining's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Simplex Trading, Llc | 2023-12-31 | 145.6 K | Formidable Asset Management Llc | 2023-12-31 | 141.4 K | Northern Trust Corp | 2023-12-31 | 121.4 K | Perritt Capital Management Inc. | 2023-12-31 | 101 K | Citadel Advisors Llc | 2023-09-30 | 99.5 K | Goldman Sachs Group Inc | 2023-12-31 | 95.3 K | Jpmorgan Chase & Co | 2023-12-31 | 80.6 K | Occudo Quantitative Strategies Lp | 2023-12-31 | 74.9 K | Clarivest Asset Management Llc | 2023-12-31 | 74.4 K | Van Eck Associates Corporation | 2023-12-31 | 2 M | Mirae Asset Global Investments (korea) Co Ltd | 2023-12-31 | 1.1 M |
McEwen Mining Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 16.0M | (22.1M) | 36.2M | (17.1M) | (16.8M) | (15.9M) | |
| Free Cash Flow | (69.2M) | (41.2M) | (55.1M) | (82.8M) | (65.4M) | (62.2M) | |
| Depreciation | 25.5M | 23.1M | 25.5M | 19.5M | 33.1M | 34.7M | |
| Other Non Cash Items | 8.0M | 88.0M | 8.7M | 4.9M | (147.9M) | (140.5M) | |
| Capital Expenditures | 29.7M | 13.4M | 34.9M | 24.2M | 26.1M | 27.4M | |
| Net Income | (59.7M) | (152.3M) | (56.9M) | (86.1M) | 55.3M | 58.1M | |
| End Period Cash Flow | 46.5M | 24.4M | 60.6M | 43.6M | 23.0M | 18.7M | |
| Investments | (14.1M) | 1.6M | 9.8M | 286K | (58.9M) | (56.0M) | |
| Change To Netincome | 3.2M | 85.9M | (355K) | (2.3M) | (2.6M) | (2.5M) | |
| Net Borrowings | (1.9M) | (2.2M) | (3.4M) | 15M | 17.3M | 12.4M |
McEwen Mining Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to McEwen Mining or Metals & Mining sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that McEwen Mining's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a McEwen stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.87 | |
β | Beta against NYSE Composite | 1.62 | |
σ | Overall volatility | 3.92 | |
Ir | Information ratio | 0.24 |
McEwen Mining Volatility Alert
McEwen Mining currently demonstrates below-average downside deviation. It has Information Ratio of 0.24 and Jensen Alpha of 0.87. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure McEwen Mining's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact McEwen Mining's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.McEwen Mining Fundamentals Vs Peers
Comparing McEwen Mining's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze McEwen Mining's direct or indirect competition across all of the common fundamentals between McEwen Mining and the related equities. This way, we can detect undervalued stocks with similar characteristics as McEwen Mining or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of McEwen Mining's fundamental indicators could also be used in its relative valuation, which is a method of valuing McEwen Mining by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare McEwen Mining to competition |
| Fundamentals | McEwen Mining | Peer Average |
| Return On Equity | 0.0773 | -0.31 |
| Return On Asset | -0.11 | -0.14 |
| Profit Margin | 0.33 % | (1.27) % |
| Operating Margin | 0.06 % | (5.51) % |
| Current Valuation | 622.84 M | 16.62 B |
| Shares Outstanding | 49.41 M | 571.82 M |
| Shares Owned By Insiders | 16.74 % | 10.09 % |
| Shares Owned By Institutions | 22.14 % | 39.21 % |
| Number Of Shares Shorted | 2.05 M | 4.71 M |
| Price To Earning | (97.00) X | 28.72 X |
| Price To Book | 1.11 X | 9.51 X |
| Price To Sales | 3.37 X | 11.42 X |
| Revenue | 166.23 M | 9.43 B |
| Gross Profit | (47.57 M) | 27.38 B |
| EBITDA | (71.25 M) | 3.9 B |
| Net Income | 55.3 M | 570.98 M |
| Cash And Equivalents | 39.78 M | 2.7 B |
| Cash Per Share | 1.19 X | 5.01 X |
| Total Debt | 42.25 M | 5.32 B |
| Debt To Equity | 0.17 % | 48.70 % |
| Current Ratio | 1.65 X | 2.16 X |
| Book Value Per Share | 10.16 X | 1.93 K |
| Cash Flow From Operations | (39.34 M) | 971.22 M |
| Short Ratio | 1.93 X | 4.00 X |
| Earnings Per Share | 1.16 X | 3.12 X |
| Target Price | 16.47 | |
| Number Of Employees | 1.98 K | 18.84 K |
| Beta | 1.55 | -0.15 |
| Market Capitalization | 605.75 M | 19.03 B |
| Total Asset | 659.55 M | 29.47 B |
| Retained Earnings | (1.27 B) | 9.33 B |
| Working Capital | 22.66 M | 1.48 B |
| Current Asset | 54.44 M | 9.34 B |
Note: Acquisition by William Shaver of 1066 shares of McEwen Mining subject to Rule 16b-3 [view details]
McEwen Mining Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as McEwen . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 25147.29 | |||
| Daily Balance Of Power | (0.09) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 12.25 | |||
| Day Typical Price | 12.24 | |||
| Price Action Indicator | (0.05) | |||
| Period Momentum Indicator | (0.04) | |||
| Relative Strength Index | 69.3 |
About McEwen Mining Buy or Sell Advice
When is the right time to buy or sell McEwen Mining? Buying financial instruments such as McEwen Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Total Current Liabilities | 52.4M | 84.2M | 30.0M | 31.5M | Total Assets | 525.3M | 528.7M | 659.5M | 692.5M |
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Check out McEwen Mining Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For more information on how to buy McEwen Stock please use our How to Invest in McEwen Mining guide.You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
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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.
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Is McEwen Mining's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of McEwen Mining. If investors know McEwen will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about McEwen Mining listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 1.16 | Revenue Per Share 3.496 | Quarterly Revenue Growth 1.078 | Return On Assets (0.11) | Return On Equity 0.0773 |
The market value of McEwen Mining is measured differently than its book value, which is the value of McEwen that is recorded on the company's balance sheet. Investors also form their own opinion of McEwen Mining's value that differs from its market value or its book value, called intrinsic value, which is McEwen Mining's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because McEwen Mining's market value can be influenced by many factors that don't directly affect McEwen Mining's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between McEwen Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if McEwen Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, McEwen Mining's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.