McEwen Mining price target raised to $35 from $30 at Roth Capital

Roth Capital raised the firm’s price target on McEwen Mining (MUX) to $35 from $30 and keeps a Buy rating on the shares. The company’s Q4 results were mixed relative to expectations, though the management provided an updated net present value for its Los Azules site based on current copper prices and the firm has elected to increase its valuation following that update, the analyst tells investors in a research note.