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.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MUX:
- McEwen Mining upgraded to Buy from Speculative Buy at Cantor Fitzgerald
- McEwen Mining Amends Credit Agreement and Plans Note Offering
- McEwen Mining announces $85M convertible senior notes offering
- McEwen Mining Reports Major Growth in Grey Fox Gold Resources
- McEwen Mining Aligns 2024 Production with Guidance