The timing of an upgrade by Canaccord Genuity this Morning before the open could not have come at a better time.
MUX blew right through two resistance levels shortly after the open this morning, although the $20.70 was breached on Tuesday when moving to $20.74 but failed to hold the gains at the close, ...often when a resistance level is breached, the door opens to possible positive moves ahead.
Will this be a top for now or will the $21.40 give way to higher levels soon?
We will soon find out!
James
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MUX: Canaccord Genuity Initiates Coverage with a Buy Rating
MUX Stock News.
GuruFocus News.
10/15/2025 06:04
- Canaccord Genuity initiates coverage of McEwen ( MUX, Financial) with a "Buy" rating.
- Price target announced at $25.00 USD.
On October 15, 2025, Canaccord Genuity analyst Jeremy Hoy initiated coverage on McEwen (MUX) with a "Buy" rating. The coverage comes with a price target of $25.00 USD, indicating a positive outlook on the stock.
The initiation of coverage by Canaccord Genuity marks the latest step in a series of analyst reviews that have consistently shown confidence in McEwen's performance. This new "Buy" rating further solidifies the stock's anticipated growth trajectory.
Historical ratings for McEwen ( MUX, Financial) reflect a steady increase in price targets over recent months:
- On October 10, 2025, HC Wainwright & Co. maintained a "Buy" rating and raised the price target from $17.00 to $21.50 USD.
- On July 29, 2025, HC Wainwright & Co. maintained a "Buy" rating, raising the price target from $15.50 to $17.00 USD.
- On July 1, 2025, Roth Capital reiterated a "Buy" rating and raised the price target from $12.00 to $15.00 USD.
- On May 9, 2025, HC Wainwright & Co. maintained a "Buy" rating but lowered the price target from $18.00 to $15.50 USD.
The consistent "Buy" ratings from multiple reputable analysts highlight a favorable sentiment towards McEwen ( MUX, Financial), with an upward trend in price targets further supporting a robust outlook for the company.
McEwen Inc, formerly McEwen Mining Inc is a mining and minerals production and exploration company that focuses on precious and base minerals in Argentina, Mexico, and the United States. The company generates its revenue from gold and silver production. It owns and operates the wholly-owned El Gallo 1 mine in Mexico and holds a minority stake in the company that manages the San Jose mine in Argentina. More than half of the company's gold output comes from the El Gallo 1 mine, while the remaining gold production and the majority of silver production are sourced from the San Jose mine. Geographically, majority of production occurs in the United States. |
