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Analysts Have Conflicting Sentiments on These Materials Companies: McEwen Mining (MUX) and Lundin Mining (OtherLUNMF)

Tipranks - Sat May 9, 3:56AM CDT

Analysts have been eager to weigh in on the Materials sector with new ratings on McEwen Mining (MUX) and Lundin Mining (LUNMF).

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McEwen Mining (MUX)

In a report issued on May 6, Joseph Reagor from Roth MKM reiterated a Buy rating on McEwen Mining, with a price target of $35.00. The company’s shares closed last Thursday at $23.38.

According to TipRanks.com, Reagor is a 5-star analyst with an average return of 30.3% and a 55.9% success rate. Reagor covers the Basic Materials sector, focusing on stocks such as Anglogold Ashanti PLC, Hecla Mining Company, and Avino Silver & Gold. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for McEwen Mining with a $31.38 average price target, representing a 31.6% upside. In a report issued on April 22, TipRanks – Google also upgraded the stock to Buy with a $28.00 price target.

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Lundin Mining (LUNMF)

In a report released today, Daniel Major from UBS maintained a Hold rating on Lundin Mining, with a price target of SEK230.00. The company’s shares closed last Thursday at $26.51.

According to TipRanks.com, Major is a 5-star analyst with an average return of 25.4% and a 68.9% success rate. Major covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, KGHM Polska Miedz SA, and Freeport-McMoRan. ;'>

Lundin Mining has an analyst consensus of Moderate Buy, with a price target consensus of $28.96, a 7.3% upside from current levels. In a report issued on April 27, RBC Capital also maintained a Hold rating on the stock with a C$42.00 price target.

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