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Alliance Global Partners Sticks to Their Buy Rating for McEwen Mining (MUX)

Tipranks - Tipranks - Sat Mar 14, 6:43AM 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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According to TipRanks, Sekelsky is a 5-star analyst with an average return of 40.2% and a 52.61% success rate. Sekelsky covers the Basic Materials sector, focusing on stocks such as Avino Silver & Gold, Endeavour Silver, and Tanzanian Royalty Exploration.

McEwen Mining has an analyst consensus of Strong Buy, with a price target consensus of $30.33.

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Based on McEwen Mining’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $50.53 million and a GAAP net loss of $462 thousand. In comparison, last year the company earned a revenue of $52.25 million and had a GAAP net loss of $2.08 million

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