106.61 % to Target, H.C. Wainwright Maintains ‘”Buy”’ Rating on McEwen Mining (NYSE:MUX) Shares Today

February 15, 2018 - By Dolores Ford

 106.61 % to Target, H.C. Wainwright Maintains ‘

McEwen Mining (NYSE:MUX) Rating Reaffirmed

The firm has just set a target price of $5.0 on McEwen Mining (NYSE:MUX) shares. This is 106.61 % from the stock close price. In a note shared with investors on 9 November, H.C. Wainwright kept their “Buy” rating on shares of MUX.

McEwen Mining Inc. (NYSE:MUX) Ratings Coverage

Among 2 analysts covering McEwen Mining (NYSE:MUX), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. McEwen Mining has $500 highest and $3.25 lowest target. $4.13’s average target is 70.66% above currents $2.42 stock price. McEwen Mining had 10 analyst reports since July 18, 2017 according to SRatingsIntel. As per Friday, November 3, the company rating was maintained by H.C. Wainwright. Roth Capital maintained the stock with “Buy” rating in Tuesday, January 16 report. The rating was maintained by H.C. Wainwright on Thursday, August 3 with “Buy”. The rating was maintained by H.C. Wainwright on Thursday, October 19 with “Buy”. On Thursday, November 9 the stock rating was maintained by H.C. Wainwright with “Buy”. The company was maintained on Friday, August 11 by H.C. Wainwright. The firm has “Buy” rating given on Wednesday, October 11 by H.C. Wainwright. H.C. Wainwright maintained it with “Buy” rating and $500 target in Tuesday, July 18 report. H.C. Wainwright maintained McEwen Mining Inc. (NYSE:MUX) rating on Tuesday, January 16. H.C. Wainwright has “Buy” rating and $5.0 target.

The stock increased 2.11% or $0.05 during the last trading session, reaching $2.42. About 2.67M shares traded. McEwen Mining Inc. (NYSE:MUX) has risen 12.45% since February 15, 2017 and is uptrending. It has underperformed by 4.25% the S&P500.

Analysts await McEwen Mining Inc. (NYSE:MUX) to report earnings on March, 7. They expect $0.01 earnings per share, up 200.00 % or $0.02 from last year’s $-0.01 per share. MUX’s profit will be $3.37M for 60.50 P/E if the $0.01 EPS becomes a reality. After $-0.03 actual earnings per share reported by McEwen Mining Inc. for the previous quarter, Wall Street now forecasts -133.33 % EPS growth.

McEwen Mining Inc. explores for, develops, produces, and sells gold, silver, and copper ores in Argentina, Mexico, and the United States. The company has market cap of $815.66 million. The Company’s principal asset consists of a 49% interest in the San José mine in Santa Cruz, Argentina. It currently has negative earnings. The companyÂ’s principal assets also include 100% interest in the El Gallo 1 mine and El Gallo 2 project in Sinaloa, Mexico; the Gold Bar project in Nevada, the United States; and the Los Azules copper project in San Juan, Argentina.

Another recent and important McEwen Mining Inc. (NYSE:MUX) news was published by Seekingalpha.com which published an article titled: “Chasing The Black Fox” on January 18, 2018.

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