The stock of McEwen Mining Inc (TSE:MUX) is a huge mover today! About 152,800 shares traded hands. McEwen Mining Inc (TSE:MUX) has risen 60.53% since March 10, 2016 and is uptrending. It has outperformed by 54.91% the S&P500.
The move comes after 9 months positive chart setup for the $1.28B company. It was reported on Oct, 17 by Barchart.com. We have $7.07 PT which if reached, will make TSE:MUX worth $819.20M more.
McEwen Mining Inc. is a mining and minerals exploration company. The company has a market cap of $1.28 billion. The Firm is focused on precious and base metals in Argentina, Mexico and the United States. It has a 110.51 P/E ratio. The Company’s divisions include Mexico, Argentina and the United States.
MUX Company Profile
McEwen Mining Inc., incorporated on July 24, 1979, is a mining and minerals exploration company. The Firm is focused on precious and base metals in Argentina, Mexico and the United States. The Company’s divisions include Mexico, Argentina and the United States. It classifies its mineral properties into Production Properties, Advanced-Stage Properties and Exploration Properties. The Firm owns El Gallo 1 gold mine in Sinaloa, Mexico and holds interest in Minera Santa Cruz S.A. (MSC), owner and operator of the producing San Jose mine in Santa Cruz, Argentina. In addition to its operating properties, the Company also holds interests in exploration-stage properties and projects in Argentina, Mexico and the United States, including projects within the Gold Bar (Gold Bar) and Los Azules (Los Azules) projects. The end product at its gold and silver activities is either in the form of dore or concentrate. Production from the El Gallo 1 mine consists of dore. The Firm produces approximately 110,320 gold ounces and over 3,315,670 silver ounces for approximately 154,530 gold equivalent ounces.
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