McEwen Mining price target raised to $11.75 from $10.75 at Alliance Global

Alliance Global Partners raised the firm’s price target on McEwen Mining to $11.75 from $10.75 and keeps a Buy rating on the shares. The company’s Q3 production keeps its guidance within reach, the analyst tells investors in a research note. The firm says the price target raise is primarily a reflection of the higher McEwen Copper valuation outlined in the recent financing.