Universal Beteiligungs und Servicegesellschaft mbH Purchases New Shares in Ivanhoe Electric Inc. (NYSEAMERICAN:IE)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has made a new investment of approximately $662,000 in Ivanhoe Electric Inc., acquiring 114,000 shares and representing 0.09% of the company's holdings.
• Several institutional investors have recently increased their positions in Ivanhoe Electric, with notable increases of 231.5% by Cambridge Investment Research Advisors Inc. and 34.9% by UBS AM.
• Wall Street analysts have a positive outlook for Ivanhoe Electric, with a consensus rating of "Buy" and an average price target of $13.25, while JPMorgan Chase & Co. recently raised their price objective to $15.00.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Ivanhoe Electric Inc. (NYSEAMERICAN:IE - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 114,000 shares of the company's stock, valued at approximately $662,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.09% of Ivanhoe Electric as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the business. GAMMA Investing LLC increased its position in shares of Ivanhoe Electric by 456.9% in the 1st quarter. GAMMA Investing LLC now owns 11,115 shares of the company's stock valued at $65,000 after buying an additional 9,119 shares in the last quarter. Teacher Retirement System of Texas bought a new position in Ivanhoe Electric in the 1st quarter valued at about $67,000. BNP Paribas Financial Markets bought a new position in shares of Ivanhoe Electric during the fourth quarter worth approximately $89,000. Eagle Global Advisors LLC acquired a new position in Ivanhoe Electric in the 4th quarter valued at $100,000. Finally, KLP Kapitalforvaltning AS acquired a new position in Ivanhoe Electric in the 4th quarter valued at $103,000. 79.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on IE shares. Scotiabank reaffirmed an "outperform" rating on shares of Ivanhoe Electric in a research report on Tuesday, June 24th. Raymond James Financial upgraded shares of Ivanhoe Electric to a "moderate buy" rating and set a $15.00 target price on the stock in a research note on Monday, June 30th. Finally, JPMorgan Chase & Co. increased their price target on shares of Ivanhoe Electric from $13.00 to $15.00 and gave the stock an "overweight" rating in a report on Monday, June 30th. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $13.25.

Ivanhoe Electric Stock Performance

IE stock traded up $0.03 during mid-day trading on Friday, reaching $9.59. 943,572 shares of the stock traded hands, compared to its average volume of 1,885,723. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.07 and a quick ratio of 3.07. Ivanhoe Electric Inc. has a 52-week low of $4.50 and a 52-week high of $13.25. The stock's fifty day moving average is $9.21 and its 200-day moving average is $7.29.

Ivanhoe Electric Profile

Ivanhoe Electric Inc explores and develops metals and mineral. The company provides Typhoon data acquisition system, a geophysical system that offers primary signal. It also explores copper and gold. The company was incorporated in 2020 and is headquartered in Tempe, Arizona.