Canaccord Genuity Group Upgrades McEwen Mining (TSE:MUX) to “Strong-Buy”

McEwen Mining (TSE:MUX) (NYSE:MUX) was upgraded by equities research analysts at Canaccord Genuity Group to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

McEwen Mining Price Performance

Shares of TSE:MUX opened at C$31.98 on Wednesday. The company has a debt-to-equity ratio of 8.46, a quick ratio of 1.00 and a current ratio of 1.17. The business’s fifty day moving average price is C$19.70 and its two-hundred day moving average price is C$14.85. The stock has a market cap of C$1.73 billion, a PE ratio of -127.92 and a beta of 1.73. McEwen Mining has a one year low of C$9.13 and a one year high of C$34.92.

McEwen Mining Company Profile

McEwen Mining Inc engages in the exploration, development, production, and sale of gold and silver. It also explores for copper deposits. The company owns 100% interests in the El Gallo and Fenix projects located in Mexico; and the Black Fox Mine and Stock Mill, Grey Fox, and Froome and Tamarack properties in Canada.