McEwen Mining price target lowered to $10 from $11.75 at Alliance Global

Alliance Global Partners analyst Jake Sekelsky lowered the firm’s price target on McEwen Mining to $10 from $11.75 and keeps a Buy rating on the shares after the company recently announced 2023 production results along with 2024 production and cost guidance. The firm’s lower target is primarily due to the lower than anticipated production outlook at the San Jose mine in 2024, the analyst tells investors.