Cantor Fitzgerald upgraded McEwen Mining (MUX) to Buy from Speculative Buy with an unchanged price target of $14.50 after the company completed a $110M senior convertible notes financing and applied for admission of its Los Azules copper project to Argentina’s Large Investment Incentive Regime. The firm cites McEwen’s balance sheet improvement, “deep value” of the shares, and Los Azules catalysts in 2025 for the upgrade.
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