H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on McEwen Mining (MUX – Research Report) today and set a price target of $2.00. The company’s shares closed last Monday at $1.06, close to its 52-week low of $1.05.
According to TipRanks.com, Ihle is a 1-star analyst with an average return of -2.0% and a 42.9% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Northern Dynasty Minerals, and First Majestic Silver.
Currently, the analyst consensus on McEwen Mining is a Moderate Buy with an average price target of $2.90.
Based on McEwen Mining’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $11.47 million. In comparison, last year the company had a GAAP net loss of $13.29 million.
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