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Roth MKM Remains a Buy on McEwen Mining (MUX)

Tipranks - Tipranks - Thu Mar 19, 3:18AM CDT

Roth MKM analyst Joseph Reagor reiterated a Buy rating on McEwen Mining today and set a price target of $35.00.

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Reagor covers the Basic Materials sector, focusing on stocks such as Iperionx Ltd. ADR, Hecla Mining Company, and McEwen Mining. According to TipRanks, Reagor has an average return of 27.3% and a 53.12% success rate on recommended stocks.

In addition to Roth MKM, McEwen Mining also received a Buy from Canaccord Genuity’s Jeremy Hoy in a report issued on March 13. However, on the same day, TipRanks – OpenAI reiterated a Hold rating on McEwen Mining (NYSE: MUX).

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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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