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Alliance Global Partners Reaffirms Their Buy Rating on McEwen Mining (MUX)

Tipranks - Tipranks - Sat May 9, 7:08AM CDT

In a report released today, Jake Sekelsky from Alliance Global Partners reiterated a Buy rating on McEwen Mining, with a price target of $31.00.

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Sekelsky covers the Basic Materials sector, focusing on stocks such as Endeavour Silver, Avino Silver & Gold, and United States Antimony. According to TipRanks, Sekelsky has an average return of 34.9% and a 52.23% success rate on recommended stocks.

In a report released yesterday, H.C. Wainwright also reiterated a Buy rating on the stock with a $29.50 price target.

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Based on McEwen Mining’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $64.62 million and a net profit of $38.13 million. In comparison, last year the company earned a revenue of $33.52 million and had a GAAP net loss of $8.23 million

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