Is McEwen Mining, Inc. overvalued or undervalued?

As of 14 March 2025, McEwen Mining, Inc. has moved from a very attractive to a risky valuation grade. The company is currently considered overvalued. Key ratios indicate significant concerns, with a Price to Book Value of 1.05, an EV to EBITDA of 25.18, and a negative ROCE of -1.32%.
In comparison to peers, Coeur Mining, Inc. has a fair valuation with a P/E ratio of 42.86 and an EV to EBITDA of 15.67, while Caledonia Mining Corp. Plc also holds a fair valuation with an EV to EBITDA of 4.63. McEwen's negative P/E ratio of -16.84 and its high EV to Sales ratio of 3.27 further underscore its overvalued status. Notably, while McEwen Mining has outperformed the S&P 500 on a year-to-date basis with a return of 19.28% compared to 2.44%, its longer-term performance has been lackluster, indicating potential volatility ahead.