--- title: "Assessing McEwen (MUX) Valuation After Grey Fox Pre Feasibility Study And Extended Mine Life Plans" type: "News" locale: "en" url: "https://longbridge.com/en/news/289302847.md" description: "McEwen Mining (MUX) released a Pre-Feasibility Study for its Grey Fox Project, outlining a 15-year mine plan and extended life. Despite recent share price declines, analysts maintain a consensus target of $32.10, deeming the stock undervalued relative to current prices. The valuation assumes strong future earnings growth by 2029, though risks include permitting delays and asset underperformance." datetime: "2026-06-10T09:26:18.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289302847.md) - [en](https://longbridge.com/en/news/289302847.md) - [zh-HK](https://longbridge.com/zh-HK/news/289302847.md) --- # Assessing McEwen (MUX) Valuation After Grey Fox Pre Feasibility Study And Extended Mine Life Plans ## Grey Fox study puts McEwen (MUX) development plans in focus McEwen (MUX) has put its Grey Fox Project near Timmins, Ontario, in the spotlight after releasing a detailed Pre Feasibility Study that outlines a 15 year mine plan and an extended Fox Complex life. See our latest analysis for McEwen. The Grey Fox update lands after a sharp pullback in momentum, with the share price down 26.6% over the past month and 28.4% over three months, even though the 1 year total shareholder return sits at 91.9% and the 3 year total shareholder return at 143.4%. If this Grey Fox study has you thinking about other precious metals opportunities, it could be a good time to scan for 33 elite gold producer stocks. So, with McEwen’s share price recently pulling back despite strong multi year returns and analyst targets sitting well above the last close, is the Grey Fox upside underappreciated here, or is the market already pricing in future growth? ## Most Popular Narrative: 44.6% Undervalued At a last close of $17.79 against a narrative fair value of $32.10, the current pricing sits well below what the most followed storyline assumes. > _The analysts have a consensus price target of $32.1 for McEwen based on their expectations of its future earnings growth, profit margins and other risk factors._ > > _In order for you to agree with the analysts, you would need to believe that by 2029, revenues will be $568.5 million, earnings will come to $281.1 million, and it would be trading on a PE ratio of 10.7x, assuming you use a discount rate of 8.5%._ _Read the complete narrative._ Want to see what sits behind that higher fair value, and why earnings, margins and future P/E assumptions all pull in the same direction? The full narrative joins those moving parts into one clear valuation story. **Result: Fair Value of $32.10 (UNDERVALUED)** Have a read of the narrative in full and understand what's behind the forecasts. However, that upside story can quickly change if permitting timelines stretch further or if key assets underperform, putting pressure on cash flow and future earnings assumptions. Find out about the key risks to this McEwen narrative. ## Next Steps With mixed sentiment in the air and different narratives in play, it helps to move quickly, check the facts and reach a personal view. To see what investors are optimistic about, review the 5 key rewards. ## Looking for more investment ideas? If you are serious about building a stronger portfolio, do not stop at just one stock. Use targeted screeners to quickly surface ideas that match your goals. - Pinpoint companies priced below what their fundamentals suggest by scanning the 46 high quality undervalued stocks. - Zero in on businesses with clean finances and staying power by checking the solid balance sheet and fundamentals stocks screener (46 results). - Get ahead of the crowd by searching the screener containing 21 high quality undiscovered gems. _This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned._ ### **New:** Manage All Your Stock Portfolios in One Place We've created the **ultimate portfolio companion** for stock investors, **and it's free.** • Connect an unlimited number of Portfolios and see your total in one currency • Be alerted to new Warning Signs or Risks via email or mobile • Track the Fair Value of your stocks Try a Demo Portfolio for Free ### Related Stocks - [MUX.US](https://longbridge.com/en/quote/MUX.US.md) ## Related News & Research - [McEwen Q1 2026 Results Conference Call | MUX Stock News](https://longbridge.com/en/news/285100308.md) - [Pre-Feasibility Study for Grey Fox at Fox Complex — High Returns, Manageable Capital, Mine Life Extended to 2041 | MUX Stock News](https://longbridge.com/en/news/289037968.md) - [Boeing’s ‘Not Applicable’ Mine Safety Disclosure: Why Future Resource Moves Still Matter for Investors](https://longbridge.com/en/news/294160470.md) - [Blue Gold signs term sheets for multiple producing mine acquisitions](https://longbridge.com/en/news/293730656.md) - [A Past-Producing Arctic Mine Just Got a Lot More Interesting. 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