In a report released today, Joseph Reagor from Roth MKM reiterated a Buy rating on McEwen Mining (MUX – Research Report), with a price target of $10.00. The company’s shares closed yesterday at $6.25.
According to TipRanks, Reagor is a 4-star analyst with an average return of 7.5% and a 38.19% success rate. Reagor covers the Basic Materials sector, focusing on stocks such as Avino Silver & Gold, McEwen Mining, and Uranium Energy.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for McEwen Mining with a $10.13 average price target, a 62.08% upside from current levels. In a report released on February 15, H.C. Wainwright also maintained a Buy rating on the stock with a $10.25 price target.
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MUX market cap is currently $259M and has a P/E ratio of -4.65.
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McEwen Mining, Inc. is a mining and minerals production and exploration company, which focuses on base metals in Argentina, Mexico and the United States. It operates through the following geographical segments: Mexico, MSC, Nevada, Los Azules, Canada and Other. The company was founded on July 24, 1979 and is headquartered in Toronto, Canada.
Read More on MUX:
- McEwen Copper announces additional $30M investment by Rio Tinto venture
- McEwen Copper closes ARS $30B investment by Stellantis
- McEwen Copper Closes ARS $30 Billion Investment by Stellantis
- McEwen Copper Announces an Additional US$30 Million Investment by Nuton, a Rio Tinto Venture
- McEwen Mining selects IBN for corporate communications
