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H.C. Wainwright Keeps Their Buy Rating on McEwen Mining (MUX)

H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on McEwen Mining (MUXResearch Report) today and set a price target of $10.75. The company’s shares closed yesterday at $7.34.

Ihle covers the Basic Materials sector, focusing on stocks such as Gold Resource, Uranium Energy, and Energy Fuels. According to TipRanks, Ihle has an average return of -17.1% and a 25.60% success rate on recommended stocks.

McEwen Mining has an analyst consensus of Moderate Buy, with a price target consensus of $10.38, a 41.42% upside from current levels. In a report released on February 28, Roth MKM also reiterated a Buy rating on the stock with a $10.00 price target.

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MUX market cap is currently $348.1M and has a P/E ratio of -4.38.

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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.

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