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McEwen Mining price target lowered to $12.50 from $13 at Roth MKM

McEwen Mining price target lowered to $12.50 from $13 at Roth MKM

Roth MKM lowered the firm’s price target on McEwen Mining (MUX) to $12.50 from $13 and keeps a Buy rating on the shares. The company’s Q4 results were below expectations, with the firm also having added the Stock Mine to its mine model along with its associated capital costs and removing its $40M asset valuation, the analyst tells investors in a research note.

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