McEwen Mining Inc. – Consensus Indicates Potential 89.8% Upside

Broker Ratings

McEwen Mining Inc. found using ticker (MUX) now have 4 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 2.5 and 1.7 calculating the mean target price we have 2.05. Given that the stocks previous close was at 1.08 this would imply there is a potential upside of 89.8%. The 50 day moving average now sits at 1.12 while the 200 day moving average is 1.08. The market capitalisation for the company is $446m. Find out more information at: http://www.mcewenmining.com

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McEwen Mining Inc. engages in the exploration, development, production, and sale of gold and silver in the United States, Canada, Mexico, and Argentina. The company explores for copper deposits. It owns 100% interests in the El Gallo and Fenix projects located in Mexico; and the Black Fox Mine and Stock Mill, Grey Fox, and Froome and Tamarack properties in Canada. The company also owns interests in the Fuller, Davidson-Tisdale, Buffalo Ankerite, and Paymaster exploration properties located in Canada; and a 49% interest in the San José mine located in Argentina. In addition, it owns 100% interests in the Gold Bar and Tonkin properties located in Eureka County, Nevada; and interests in the Los Azules copper project located in the cordilleran region in the province of San Juan, Argentina. The company was formerly known as US Gold Corporation and changed its name to McEwen Mining Inc. in January 2012. McEwen Mining Inc. was founded in 1979 and is headquartered in Toronto, Canada.

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