Equities research analysts at Roth Capital began coverage on shares of McEwen Mining (NYSE:MUX) (TSE:MUX) in a research note issued on Monday, MarketBeat.com reports. The brokerage set a “buy” rating and a $3.25 price target on the basic materials company’s stock. Roth Capital’s price target indicates a potential upside of 75.68% from the stock’s previous close.
A number of other equities research analysts also recently weighed in on the company. HC Wainwright reaffirmed a “buy” rating and issued a $5.00 target price on shares of McEwen Mining in a report on Wednesday, October 11th. Zacks Investment Research raised McEwen Mining from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. Finally, Cantor Fitzgerald started coverage on McEwen Mining in a report on Thursday, October 26th. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. McEwen Mining currently has a consensus rating of “Hold” and a consensus target price of $4.13.
Shares of McEwen Mining (NYSE:MUX) traded up $0.02 during mid-day trading on Monday, hitting $1.85. The company’s stock had a trading volume of 2,996,150 shares, compared to its average volume of 3,522,702. McEwen Mining has a 52-week low of $1.82 and a 52-week high of $4.43.
COPYRIGHT VIOLATION WARNING: This piece was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another website, it was illegally copied and reposted in violation of US & international copyright laws. The legal version of this piece can be read at https://www.americanbankingnews.com/2017/12/11/mcewen-mining-mux-now-covered-by-roth-capital.html.
About McEwen Mining
McEwen Mining Inc is a mining and minerals production and exploration company. The Company is focused on precious and base metals in Argentina, Mexico and the United States. The Company’s segments include Mexico, Minera Santa Cruz SA (MSC), Nevada and Los Azules. The Mexico Operations segment includes properties, such as El Gallo 1 mine and the El Gallo 2 project.
Receive News & Ratings for McEwen Mining Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McEwen Mining Inc and related companies with MarketBeat.com's FREE daily email newsletter.