On 11/14/23, McEwen Mining Inc (NYSE: MUX) stock enjoyed a major increase of 13.5%, closing at $7.46. The stock has performed in line with the market over the last nine months and has risen 11.2% during the last week.
Current PriceTarget Research Rating
MUX is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
McEwen Mining has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. McEwen Mining has a neutral Power Rating of 48 but a poor Appreciation Score of 20, triggering the Negative Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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