Zacks Rating on McEwen Mining (MUX)

McEwen Mining (MUX) : The consensus on McEwen Mining (MUX) based on 1 analyst recommendation on the company stock is 1, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels.


McEwen Mining Inc. has dropped 4.11% in the last five trading days, however, the shares have posted positive gains of 17.2% in the last 4 weeks. McEwen Mining Inc. is up 88.85% in the last 3-month period. Year-to-Date the stock performance stands at 309.66%. McEwen Mining (NYSE:MUX): On Tuesdays trading session , Opening price of the stock was $4.44 with an intraday high of $4.53. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $4.3. However, the stock managed to close at $4.32, a loss of 1.59% for the day. On the previous day, the stock had closed at $4.39. The total traded volume of the day was 2,636,882 shares.

McEwen Mining Inc. is a mining and minerals exploration company. The Company is focused on precious and base metals in Argentina, Mexico and the United States. Its operating segments include Argentina, Mexico and the United States. It has a land position consisting of mining claims, leases of mining claims or concessions of around 814 square miles in Argentina, 697 square miles in Mexico and 241 square miles in Nevada. It holds around 49% interest in Minera Santa Cruz S.A. (MSC), owner and operator of the producing San Jose mine in Santa Cruz, Argentina, which is controlled by the majority owner of the joint venture, Hochschild Mining plc (Hochschild). It also owns the El Gallo 1 gold mine in Sinaloa, Mexico. In addition to its operating properties, it also holds interests in numerous exploration stage properties and projects in Argentina, Mexico and the United States, including the Gold Bar (Gold Bar) and Los Azules (Los Azules) projects.

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