McEwen Mining (TSE:MUX) Rating Increased to Strong-Buy at Canaccord Genuity Group

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

McEwen Mining Trading Up 6.1%

Shares of MUX stock opened at C$30.27 on Wednesday. The stock has a market cap of C$1.64 billion, a P/E ratio of -121.08 and a beta of 1.73. McEwen Mining has a 1 year low of C$9.13 and a 1 year high of C$30.72. The company has a current ratio of 1.17, a quick ratio of 1.00 and a debt-to-equity ratio of 8.46. The stock has a 50 day simple moving average of C$19.35 and a 200 day simple moving average of C$14.71.

About McEwen Mining

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.