Shares of McEwen Mining Inc. (NYSE:MUX) traded today at $1.69, eclipsing its 52-week high. This new high was reached on below average trading volume as 2.9 million shares traded hands, while the average 30-day volume is approximately 5.6 million shares.
McEwen Mining Inc. (NYSE:MUX) has potential upside of 129.5% based on a current price of $1.67 and analysts’ consensus price target of $3.84.
McEwen Mining Inc is a mining and minerals production and exploration company focused on precious and base minerals in Argentina, Mexico, and the United States. The company’s overall revenue is principally derived from the production of gold and silver, each comprising roughly half of total sales. The company owns and operates the wholly-owned El Gallo 1 mine in Mexico, and has a minority shareholding in the company that operates the San Jose mine in Argentina. More than half the company’s gold output is produced by the El Gallo 1 mine. The remaining gold production, and majority of silver production, is produced by the San Jose mine.
In the past 52 weeks, shares of McEwen Mining Inc. have traded between a low of $0.85 and a high of $1.69 and is now at $1.67, which is 97% above that low price.
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