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

 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 300,440 shares traded hands or 139.02% up from the average. McEwen Mining Inc (TSE:MUX) has risen 89.75% since March 31, 2016 and is uptrending. It has outperformed by 88.66% the S&P500.
The move comes after 5 months negative chart setup for the $1.39B company. It was reported on Nov, 4 by Barchart.com. We have $4.23 PT which if reached, will make TSE:MUX worth $97.30M less.

McEwen Mining Inc. is a mining and minerals exploration company. The company has a market cap of $1.39 billion. The Firm is focused on precious and base metals in Argentina, Mexico and the United States. It has a 116.67 P/E ratio. The Company’s divisions include Mexico, Argentina and the United States.

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