After Today’s Huge Decline, Is McEwen Mining Inc’s Near-Term Analysis Negative?


The stock of McEwen Mining Inc (TSE:MUX) is a huge mover today! About 374,988 shares traded hands or 198.33% up from the average. McEwen Mining Inc (TSE:MUX) has risen 154.31% since February 5, 2016 and is uptrending. It has outperformed by 137.83% the S&P500.
The move comes after 9 months negative chart setup for the $1.50 billion company. It was reported on Sep, 13 by We have $4.48 PT which if reached, will make TSE:MUX worth $75.00M less.

McEwen Mining Inc. is a mining and minerals exploration company. The company has a market cap of $1.50 billion. The Firm is focused on precious and base metals in Argentina, Mexico and the United States. It has a 121.03 P/E ratio. The Company’s divisions include Mexico, Argentina and the United States.

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