McEwen Mining Price Target Lowered to $10.25 by HC Wainwright
February 20, 2023
Trending News 🌧️
MCEWEN ($NYSE:MUX): HC Wainwright has recently lowered their price target of McEwen Mining to $10.25. This significant adjustment has many investors wondering what this could mean for the future of the company. It operates in Canada, the United States, and Mexico and is well known for its innovative approach to mining and exploration. With the current market conditions and price reduction, investors are curious to see if the company can stay afloat.
However, its plan for success is now being overshadowed by the price target reduction from HC Wainwright. As a result, the company may need to modify its long-term objectives accordingly in order to remain competitive and profitable in the industry. Investors may want to wait until more information is released before making any decisions as there may be more changes or updates in the near future. The adjustment from HC Wainwright came as a surprise to many investors who have been following the company and was unexpected in light of the company’s recent performance. With this in mind, these investors will likely be watching closely to see how the company handles this situation and if the lowered price target will have any long-term implications.
Share Price
Despite this news, so far much of the news surrounding the company has been positive. On Thursday, MCEWEN MINING opened at $5.8 and closed at $6.0, representing an increase of 1.2 % from the previous closing price of 6.0. This is indicative of the wider optimism around the company, and suggests that the drop in price target is an anomaly. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Mcewen Mining. More…
| Total Revenues | Net Income | Net Margin |
| 117.14 | -64.57 | -67.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Mcewen Mining. More…
| Operations | Investing | Financing |
| -51.7 | -20.99 | 62.05 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Mcewen Mining. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 545.14 | 146.81 | 7.59 |
Key Ratios Snapshot
Some of the financial key ratios for Mcewen Mining are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.6% | – | -53.7% |
| FCF Margin | ROE | ROA |
| -64.2% | -10.9% | -7.2% |
Analysis
At GoodWhale, our team of financial analysts has been conducting an in-depth analysis of the fundamentals of MCEWEN MINING. After examining the data, we have found that MCEWEN MINING is a medium risk investment based on our Risk Rating system. This means that while there are signs that the company is doing well, there is some level of risk that investors should be aware of. Our analysis has identified two warnings in MCEWEN Mining’s balance sheet and cashflow statement. If you would like to learn more about these warnings and access our full Risk Rating report, then register on GoodWhale.com. With our risk rating system, you can easily ensure that your investments are as safe as possible. More…
Peers
The competition between McEwen Mining Inc and its competitors is fierce. All four companies are vying for supremacy in the gold mining industry. McEwen Mining Inc is the largest gold producer in North America, followed by SSR Mining Inc, Austral Gold Ltd, and Fresnillo PLC. All four companies have experienced significant growth in recent years, and each is determined to be the top gold producer in the world.
– SSR Mining Inc ($TSX:SSRM)
As of 2022, SSR Mining Inc has a market cap of 3.89B and a Return on Equity of 6.57%. The company is a leading precious metals producer with operations in North and South America. The company’s core assets include the Marigold mine in Nevada, the Puna Operations in Argentina, and the Seabee Gold Operation in Saskatchewan.
– Austral Gold Ltd ($ASX:AGD)
Austral Gold Ltd is a gold mining and exploration company. The company has a market cap of 26.33M as of 2022 and a Return on Equity of -12.84%. The company operates in Australia, Chile, and Argentina. Austral Gold Ltd is focused on increasing shareholder value through the exploration, development, and production of gold and copper projects.
– Fresnillo PLC ($LSE:FRES)
Fresnillo PLC is a Mexican-based precious metals mining company with a market capitalization of 5.22 billion as of 2022. The company is the world’s largest primary silver producer and Mexico’s largest gold producer. Fresnillo’s main assets are the Fresnillo and Saucito mines in the state of Zacatecas, and the Herradura mine in the state of Sonora. The company also has several development projects in Mexico, Peru, and Chile. Fresnillo’s primary products are silver and gold, and it also produces lead and zinc. The company has a strong focus on sustainable development and aims to reduce its environmental impact.
Summary
Mcewen Mining, a leading gold producer and explorer, is being monitored by investors for trading opportunities. Recently, HC Wainwright has released its price target for the company at $10.25, which is lower than the current market price. Nevertheless, analysts have noted that news surrounding the company continues to be mostly positive. Investors are encouraged to look at the company’s extensive portfolio that includes four operations, two development properties and four exploration properties in Canada, the United States and Mexico.
In addition, Mcewen Mining’s team of experienced professionals provide added benefits to the existing management team. As such, investors should take into consideration potential long-term growth opportunities that come with such a well-balanced portfolio of gold related assets.
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