Wall Street Analysts See a 30.35% Upside in McEwen (MUX): Can the Stock Really Move This High?

Group 1 - McEwen Mining (MUX) shares have increased by 18.3% over the past four weeks, closing at $11.5, with a mean price target of $14.99 indicating a potential upside of 30.4% [1] - The average price targets range from a low of $13.75 to a high of $15.70, with a standard deviation of $0.88, suggesting a relatively high agreement among analysts [2] - Analysts are optimistic about MUX's earnings prospects, as indicated by a significant increase in earnings estimate revisions, which correlates with potential stock price movements [4][11] Group 2 - Over the last 30 days, the Zacks Consensus Estimate for MUX's current year earnings has increased by 94.6%, with no negative revisions [12] - MUX holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] - While consensus price targets may not be entirely reliable, the direction they imply appears to be a good guide for potential price movement [14]