McEwen (NYSE:MUX) Stock Price Down 6.1% - Here's What Happened

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McEwen (NYSE:MUX) shares dropped 6.1% on Monday, trading as low as $21.88, with approximately 552,958 shares exchanged, a 57% decrease from the average volume. Analysts have a “Moderate Buy” consensus rating with a $25.50 target, and the company recently reported EPS of $0.66, beating estimates, but missed on revenue. Institutional investors have notably increased their stakes in McEwen during the fourth quarter.

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