Somewhat Positive Press Coverage Somewhat Unlikely to Affect McEwen Mining (MUX) Stock Price

News stories about McEwen Mining (NYSE:MUX) (TSE:MUX) have trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. McEwen Mining earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media coverage about the basic materials company an impact score of 46.1199006745111 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

McEwen Mining (NYSE MUX) opened at 2.34 on Friday. The firm’s market capitalization is $730.73 million. The firm has a 50-day moving average price of $2.48 and a 200 day moving average price of $2.93. McEwen Mining has a 52 week low of $2.15 and a 52 week high of $4.43.

The company also recently disclosed a special dividend, which was paid on Thursday, August 17th. Investors of record on Friday, August 4th were paid a $0.005 dividend. The ex-dividend date of this dividend was Wednesday, August 2nd. McEwen Mining’s dividend payout ratio (DPR) is currently -50.00%.

A number of equities analysts recently commented on MUX shares. HC Wainwright reaffirmed a “buy” rating and issued a $5.00 price objective on shares of McEwen Mining in a research note on Tuesday, July 18th. BidaskClub raised McEwen Mining from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 12th. TheStreet raised McEwen Mining from a “d+” rating to a “c” rating in a research note on Friday, June 16th. Zacks Investment Research lowered McEwen Mining from a “hold” rating to a “sell” rating in a research note on Friday, July 21st. Finally, ValuEngine lowered McEwen Mining from a “hold” rating to a “sell” rating in a research note on Tuesday, June 13th. Three research analysts have rated the stock with a sell rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $4.25.

About McEwen Mining

McEwen Mining Inc is a mining and minerals production and exploration company. The Company is focused on precious and base metals in Argentina, Mexico and the United States. The Company’s segments include Mexico, Minera Santa Cruz SA (MSC), Nevada and Los Azules. The Mexico Operations segment includes properties, such as El Gallo 1 mine and the El Gallo 2 project.