Media headlines about McEwen Mining (NYSE:MUX) (TSE:MUX) have been trending positive on Wednesday, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. McEwen Mining earned a coverage optimism score of 0.28 on Accern’s scale. Accern also assigned news coverage about the basic materials company an impact score of 47.0492158875517 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:

McEwen Mining (MUX) traded down 2.174% during mid-day trading on Wednesday, reaching $2.025. 724,470 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $2.30 and a 200 day moving average price of $2.61. McEwen Mining has a 52-week low of $1.94 and a 52-week high of $4.43. The company’s market cap is $632.36 million.

A number of research analysts recently commented on MUX shares. BidaskClub downgraded shares of McEwen Mining from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 6th. HC Wainwright reaffirmed a “buy” rating and set a $5.00 price objective on shares of McEwen Mining in a research report on Tuesday, July 18th. Finally, Zacks Investment Research cut shares of McEwen Mining from a “hold” rating to a “sell” rating in a research note on Friday, July 21st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the stock. McEwen Mining currently has an average rating of “Hold” and an average price target of $5.00.

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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.

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