Wall Street Analysts Believe McEwen (MUX) Could Rally 27.65%: Here's is How to Trade

Group 1 - The stock of McEwen Mining (MUX) closed at $10.38, showing a 7.7% gain over the past four weeks, with a mean price target of $13.25 indicating a potential upside of 27.7% [1] - Analysts have set short-term price targets for MUX ranging from a low of $12 to a high of $15, with a standard deviation of $1.56, suggesting a variability in estimates; the lowest estimate indicates a 15.6% increase, while the highest points to a 44.5% upside [2] - There is a strong consensus among analysts that MUX will report better earnings than previously estimated, which historically correlates with potential stock price increases [4][9] Group 2 - The Zacks Consensus Estimate for MUX's current year earnings has increased by 9.3% over the last 30 days, with no negative revisions, indicating positive sentiment among analysts [10] - MUX holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, suggesting a favorable outlook for the stock [11] - While price targets can be misleading, the direction implied by the consensus price target appears to be a useful guide for potential price movement [8][11]