Perry ING Acquires Shares of MUX
MUX CFO Perry ING purchased 1,114 shares, signaling insider confidence.
Key Points
- Perry ING, CFO of MUX, bought 1,114 shares on June 29, 2026, as part of an unplanned transaction.
- Shares of MUX traded near $17.94 on Wednesday, with institutional investors like State Street Corp and BlackRock adjusting their holdings.
- Analysts from Roth Capital and HC Wainwright & Co. maintain a 'buy' rating on MUX, with price targets ranging from $17.0 to $35.0.
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Perry ING, the Chief Financial Officer of MUX, purchased 1,114 shares of the company on June 29, 2026. This transaction was not part of a pre-planned trading plan, suggesting a personal vote of confidence in the company's outlook.
Other Institutional Activity in MUX
State Street Corp increased its holdings in MUX by 1,172,922 shares, bringing its total to 3,363,527 shares valued at approximately $68.68 million. Mirae Asset Global ETFs Holdings Ltd. reduced its position by 69,665 shares, holding 2,133,809 shares worth about $43.56 million. BlackRock, Inc. added 111,653 shares, ending with 1,948,428 shares valued at roughly $39.79 million. Van Eck Associates Corp and Tidal Investments LLC both trimmed their stakes, with Van Eck reducing by 28,103 shares and Tidal by 113,529 shares.
McEwen Inc. Stock Down 12.1%
Shares of MUX traded near $17.94 on Wednesday. The company has been closely watched by investors, with a number of institutional actions indicating varying degrees of confidence in its prospects.
$MUX stock price
Daily closing prices, year to date. Not investment advice.
Insider Buying and Selling at McEwen Inc.
On June 29, 2026, multiple insiders at MUX engaged in stock transactions. Perry ING, the CFO, bought 1,114 shares, while William Shaver, the Chief Operating Officer, sold 18,920 shares and also bought the same amount. Ian Ball, another insider, bought 160 shares and sold 310 shares. These transactions were not part of any pre-arranged plans.
Analysts Set New Price Targets
On March 18, 2026, Roth Capital maintained its 'buy' rating on MUX with a price target of $35.00. HC Wainwright & Co. also maintained its 'buy' rating with a target of $29.50. These ratings reflect continued optimism from analysts about MUX's future performance.
Bottom Line
Perry ING's recent purchase of MUX shares suggests confidence from within the company's leadership. Institutional investors like State Street Corp and BlackRock have also adjusted their positions, signaling a mix of strategies. While insider activity can be a signal, it's important to remember that these transactions reflect past decisions and may not indicate future performance. Analysts continue to see potential, with 'buy' ratings and price targets suggesting room for growth.
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