Heiko Ihle, an analyst from H.C. Wainwright, reiterated the Buy rating on McEwen Mining. The associated price target remains the same with $17.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Heiko Ihle’s rating is based on McEwen Mining’s strategic shift towards higher-grade ore zones, which is expected to enhance production in the latter half of 2025. Despite a year-over-year decrease in revenue due to lower production, the company managed to achieve a net income of $3.0M in the second quarter of 2025, largely offset by a significant increase in the average realized gold price. This indicates a strong potential for improved financial performance as operations transition to more lucrative mining areas.
Additionally, the ongoing exploration and data analysis at the Los Azules site provide promising prospects for future growth. The recent drilling campaigns have yielded valuable geological insights that are expected to refine the exploration model and inform the Definitive Feasibility Study. These factors, combined with a calculated net asset value of $17.22 per share, support the Buy rating with a price target of $17.00, reflecting confidence in the company’s long-term value and strategic direction.