McEwen Mining Reaches Analyst Target Price
April 10, 2024 at 10:55 AM EDT
In recent trading, shares of McEwen Mining Inc (MUX) have crossed above the average analyst 12-month target price of $11.33, changing hands for $11.63/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..