McEwen (MUX) Insider Ian Ball Buys 160 Shares
CEO Ian Ball bought 160 shares of McEwen Inc. on June 29, 2026, reflecting continued confidence in the company.
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Ian Ball bought 160 shares of McEwen Inc. ($MUX) on June 29, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $MUX is up 5.0% after 1 week, down 6.6% after 1 month and down 9.5% to date (from the $17.94 close on Jun 29, 2026).
Key Points
- Ian Ball purchased 160 shares of McEwen Inc. (NYSE: MUX) at $18.13 each, totaling about $2,900, on June 29, 2026.
- This trade occurred shortly after other notable insider trades on June 28, including purchases by COO William Shaver and CFO Perry ING.
- McEwen Inc. has a strong analyst consensus with a 'strong buy' rating and a mean price target of $31.20.
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CEO's New Stake in McEwen Inc.
On June 29, 2026, Ian Ball, the CEO of McEwen Inc. (NYSE: MUX), bought 160 shares at a price of $18.13 each. This purchase is valued at approximately $2,900. It reflects Ball's belief in the company's future amid a wave of insider trading activity.
Insider Buying and Selling at McEwen Inc.
This new purchase by Ian Ball comes shortly after several notable insider transactions on June 28, 2026. COO William Shaver acquired 2,966 shares, while CFO Perry ING bought 386 shares, suggesting a positive outlook among the leadership. Jeffrey Chan, the VP of Finance, also purchased 836 shares on the same day. Given the recent insider buying, this trend could indicate confidence in McEwen's direction.
How McEwen Inc. Stock Has Traded
Shares of McEwen Inc. are currently trading at $18.13, which is near its 52-week low of $14.42. This presents a contrast to its 52-week high of $29.70, highlighting potential volatility in the stock. The recent insider purchases may influence market perception as the company prepares for its next earnings report.
Analysts Set New Price Targets
On August 10, 2026, Roth Capital maintained a 'Buy' rating on McEwen Inc., lowering its price target to $31 from $35. Similarly, HC Wainwright & Co. also maintained a 'Buy' rating with a target of $28, reduced from $29.50. The consensus among analysts remains strong, with a mean price target of $31.20 from five analysts, indicating solid expectations for the company.
What McEwen Inc. Does
McEwen Inc. focuses on exploring, developing, and mining gold and silver in North America and South America. The company owns several mining projects, including the Gold Bar mine in Nevada. The recent insider trades are noteworthy as they come at a time when the company is positioning itself for growth.
What's Next for McEwen Inc.
Investors should keep an eye on the upcoming earnings report scheduled for November 4, 2026. As a reminder, the insider trading activities are based on filings that may not reflect current positions. These recent trades suggest that leadership remains confident in the company's prospects as they navigate the precious metals market.
Source: Ian Ball's Form 4 filing on $MUX (Jun 29, 2026). Find the original filing: MUX Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts