BUZZ-McEwen Mining Inc: H.C. Wainwright starts with "buy"

Mon Jun 29, 2015 8:45am EDT
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** Canadian miner's U.S.-listed shares up 7.5 pct at $1 premarket

** H.C. Wainwright & Co starts coverage with "buy" rating and $1.30 price target; is first brokerage to cover stock

** "We believe McEwen is in the unique position to maintain profitability in the current gold and silver price environment," analysts write in note

** Analysts also say they expect 2015 gold production at McEwen's El Gallo 1 mine to reach 50,400 ounces, above company's forecast of 50,200 ounces

** Up to Friday's close, stock had fallen nearly 16 pct this year