NEW YORK (TheStreet) -- Shares of McEwen Mining (MUX) are up 10.48% to $1.16 as gold prices rise today, helped by a new wave of political uncertainty in Greece and a weaker dollar, the Wall Street Journal reports.
Gold for February delivery was up 1.65% to $1,201.40 a troy ounce at 11:27 a.m. on the Comex division of the New York Mercantile Exchange.
Notably, the Toronto-based miner announced that Rob McEwen, chairman and chief owner, exercised one million stock options on December 19 at a price of 91 cents. McEwen intends to hold these shares for investment purposes, the company said.
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Separately, TheStreet Ratings team rates MCEWEN MINING INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate MCEWEN MINING INC (MUX) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share."
Highlights from the analysis by TheStreet Ratings Team goes as follows: