McEwen Mining price target raised to $13.75 from $12 at Alliance Global

Alliance Global Partners raised the firm’s price target on McEwen Mining (MUX) to $13.75 from $12 and keeps a Buy rating on the shares. The company reported 2024 production results that were within the 2024 guidance range and issued a 2025 guide that calls for steady year-over-year gold production, the analyst tells investors in a research note. The firm expects McEwen’s first half of 2025 to feature continued stripping activities at Gold Bar aimed at increasing ore availability, which could weigh on production levels in the first half of the year.