McEwen Mining price target raised to $19 from $15 at Roth Capital

Roth Capital analyst Joe Reagor raised the firm’s price target on McEwen Mining (MUX) to $19 from $15 and keeps a Buy rating on the shares. The firm is updating its model to reflect the recent increase in gold and silver prices, updating its Q4 estimates to reflect an average gold price of $3,850 per ounce, previously $3,150, and a silver price of $47.25 per ounce, previously $35.00, the analyst tells investors in a research note.