Jeffrey Chan Acquires Shares of MUX
MUX's VP of Finance, Jeffrey Chan, purchased 836 shares on June 28, 2026.
Key Points
- Jeffrey Chan, VP of Finance at MUX, bought 836 shares on June 28, 2026.
- MUX shares traded at $17.94 on Wednesday, with ongoing insider activity.
- Analysts maintain a 'buy' rating for MUX, with targets up to $35.00.
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Jeffrey Chan, the Vice President of Finance at MUX, recently bought 836 shares of the company. This insider purchase took place on June 28, 2026, though the exact transaction value wasn't disclosed. The stock traded at $17.94 on Wednesday, reflecting the ongoing interest in MUX shares.
Insider Buying and Selling at McEwen Inc.
Beyond Jeffrey Chan's purchase, several other insiders have been active. On June 29, 2026, Perry Ing, the Chief Financial Officer, sold 7,700 shares but also bought 1,114 shares. William Shaver, the Chief Operating Officer, sold and bought 18,920 shares on the same day. Ian Ball also participated, selling 310 shares and buying 160 shares.
Other Institutional Activity in MUX
Institutional investors have been adjusting their positions in MUX. State Street Corp increased its holdings by 1,172,922 shares, ending with 3,363,527 shares valued at about $68.7 million, marking a 53.5% increase. BlackRock, Inc. added 111,653 shares to reach a total of 1,948,428 shares worth approximately $39.8 million, a 6.1% increase. Meanwhile, Mirae Asset Global ETFs Holdings Ltd. reduced its stake by 69,665 shares, now holding 2,133,809 shares valued at $43.6 million, reflecting a 3.2% decrease.
Analysts Set New Price Targets
Analysts continue to show confidence in MUX with several maintaining a 'buy' rating. On March 18, 2026, Roth Capital maintained its buy rating with a price target of $35.00. HC Wainwright & Co. also maintained a buy rating with a target of $29.50 on the same day. The consensus among analysts is a strong buy, with a mean target price reflecting optimism about MUX's future performance.
Bottom Line
Investors keep a close watch on insider trades like Jeffrey Chan's purchase, as they can signal confidence in a company's prospects. MUX's recent insider and institutional activity, coupled with positive analyst ratings, suggests a continued interest in the stock. However, it's important to remember that insider transactions are just one piece of the puzzle when evaluating a stock's potential.
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