Stock analysts at Cowen and Company hoisted their price target on shares of McEwen Mining (NYSE:MUX) from $4.23 to $4.57 in a report issued on Friday, American Banking and Market News reports. Cowen and Company’s target price would suggest a potential upside of 71.16% from the stock’s previous close. McEwen Mining Inc (NYSE:MUX) shares after opening at $2.75 on last trade day and at the end of the day closed at $2.88. Company price to sales ratio in past twelve months was calculated as 38.10 and price to cash ratio as 300.00. McEwen Mining Inc (NYSE:MUX) showed a negative weekly performance of -4.64%.
Rubicon Minerals Corp. (USA) (NYSEMKT:RBY) is pleased to announce that it has closed its previously announced bought deal financing of 74,290,000 units (the “Units”), which includes the exercise of the over-allotment option in full, at an offering price of C$1.55 per Unit (the “Offering”) for aggregate gross proceeds to the Company of C$115,149,500. Each Unit consists of one common share (a “Share”) and one-half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”) of the Company, with each Warrant entitling the holder thereof to acquire, subject to adjustment in certain circumstances, one Share in the capital of the Company at a price of C$2.00 until March 12, 2015. The Warrants will trade on the Toronto Stock Exchange under the symbol “RMX.WT”. Rubicon Minerals Corp. (USA) (NYSEMKT:RBY) shares ended at 1.13$ in last trading session.RBY return on equity ratio is recorded as -2.30% and its return on assets is 2.20%. Rubicon Minerals Corp. (USA) (NYSEMKT:RBY) yearly performance is -56.03%.
Walter Energy (NYSE:WLT)‘s stock had its “overweight” rating reaffirmed by research analysts at Morgan Stanley in a report released on Friday, Analyst Ratings.Net reports. They currently have a $27.00 target price on the stock, down from their previous target price of $33.00. Morgan Stanley’s price target points to a potential upside of 190.64% from the stock’s previous close. Walter Energy, Inc. (NYSE:WLT) shares moved up 4.40% in last trading session and was closed at $7.59, while trading in range of $7.25 – $7.78. Walter Energy, Inc. (NYSE:WLT) year to date (YTD) performance is -54.30%.
Rio Alto Mining Ltd (NYSE:RIOM) had its price target boosted by Scotiabank from C$3.40 to C$3.80. The firm currently has an outperform rating on the stock. Rio Alto Mining Ltd (NYSE:RIOM) weekly performance is -18.64%. On last trading day company shares ended up $1.92. Rio Alto Mining Ltd (NYSE:RIOM) distance from 50-day simple moving average (SMA50) is -10.46%. Analysts mean target price for the company is $2.57.