Roth MKM lowered the firm’s price target on McEwen Mining (MUX) to $12.50 from $13 and keeps a Buy rating on the shares. The company’s Q4 results were below expectations, with the firm also having added the Stock Mine to its mine model along with its associated capital costs and removing its $40M asset valuation, the analyst tells investors in a research note.
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Read More on MUX:
- McEwen Mining Reports 2024 Financial Results and Future Plans
- McEwen Mining: Strategic Positioning and Asset Valuation Support Buy Rating
- Convertible Debt Concerns Loom Over McEwen Mining: Implications for Stock Value and Liquidity
- McEwen Mining options imply 5.9% move in share price post-earnings
- McEwen Mining completes C$10M investment in Goliath Resources
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