McEwen Mining (MUX) Receiving Somewhat Positive Media Coverage, Analysis Finds

Press coverage about McEwen Mining (NYSE:MUX) (TSE:MUX) has trended somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. McEwen Mining earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned news headlines about the basic materials company an impact score of 45.2983576933428 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:

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A number of brokerages recently weighed in on MUX. TheStreet upgraded shares of McEwen Mining from a “d+” rating to a “c-” rating in a research note on Monday, March 26th. ValuEngine cut shares of McEwen Mining from a “hold” rating to a “sell” rating in a research note on Wednesday, March 7th. Zacks Investment Research cut shares of McEwen Mining from a “hold” rating to a “sell” rating in a research note on Friday, January 19th. HC Wainwright restated a “buy” rating and set a $5.00 price objective on shares of McEwen Mining in a research note on Tuesday, January 16th. Finally, Roth Capital set a $3.00 price objective on shares of McEwen Mining and gave the company a “buy” rating in a research note on Tuesday, January 16th. Three equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $4.00.

Shares of McEwen Mining stock opened at $2.03 on Tuesday. McEwen Mining has a 52 week low of $1.82 and a 52 week high of $3.13. The stock has a market capitalization of $697.70, a price-to-earnings ratio of -69.00 and a beta of -1.20.

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About McEwen Mining

McEwen Mining Inc engages in the exploration, development, production, and sale of gold and silver. The company owns 100% interests in the El Gallo 1 mine and El Gallo 2 project in the state of Sinaloa, Mexico; and the Black Fox Complex, Buffalo Ankerite, Fuller, Davidson Tisdale, and Black Fox North properties in Canada.

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