Silver for September delivery is down 2.18% to $19.57 per ounce on the COMEX and gold for August delivery is falling 1.08% to $1,317.90 per ounce.
The commodity metals are under pressure today from a stronger U.S. dollar.
Also, economic data that indicates the U.S. government might hike interests rates as early as September is pulling silver and gold prices down. The haven metals tend to do well in low-rate environments, as they don't provide any yield for investors.
McEwen Mining is a Toronto-based mining and minerals exploration company.
Separately, TheStreet Ratings rated this stock as a "hold" with a ratings score of C.
The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, TheStreet Ratings finds that the company's revenue growth has not been good.
You can view the full analysis from the report here: MUX
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.