On 5/9/24, McEwen Mining Inc (NYSE: MUX) stock suffered a major decline of -15.3%, closing at $10.32. Moreover, this decline was accompanied by exceptionally high trading volume at 403% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -10.6% during the last week.
Current PriceTarget Research Rating
MUX is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
McEwen Mining has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. McEwen Mining has a slightly positive Appreciation Score of 66 and a good Power Rating of 82, resulting in the Highest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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