Natixis purchased a new position in Ivanhoe Electric Inc. (NYSEAMERICAN:IE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 55,692 shares of the company's stock, valued at approximately $420,000.
A number of other institutional investors and hedge funds have also modified their holdings of IE. Kopernik Global Investors LLC grew its holdings in Ivanhoe Electric by 5.4% during the 4th quarter. Kopernik Global Investors LLC now owns 2,557,225 shares of the company's stock valued at $19,307,000 after buying an additional 130,807 shares during the last quarter. Legal & General Group Plc raised its position in shares of Ivanhoe Electric by 59.8% in the 4th quarter. Legal & General Group Plc now owns 1,323,372 shares of the company's stock worth $9,991,000 after buying an additional 495,325 shares during the period. Charles Schwab Investment Management Inc. raised its position in Ivanhoe Electric by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 708,406 shares of the company's stock valued at $5,348,000 after purchasing an additional 5,535 shares during the period. Tidal Investments LLC raised its position in Ivanhoe Electric by 14.5% in the third quarter. Tidal Investments LLC now owns 366,222 shares of the company's stock valued at $3,098,000 after purchasing an additional 46,345 shares during the period. Finally, Euro Pacific Asset Management LLC raised its position in Ivanhoe Electric by 15.5% in the fourth quarter. Euro Pacific Asset Management LLC now owns 191,180 shares of the company's stock valued at $1,456,000 after purchasing an additional 25,708 shares during the period. Institutional investors and hedge funds own 79.05% of the company's stock.
Insider Buying and Selling at Ivanhoe Electric
In other Ivanhoe Electric news, VP Graham Richard Thomas Boyd acquired 5,000 shares of the company's stock in a transaction dated Thursday, March 6th. The stock was bought at an average price of $5.83 per share, for a total transaction of $29,150.00. Following the purchase, the vice president now owns 11,510 shares in the company, valued at $67,103.30. This represents a 76.80 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Jordan Neeser acquired 20,000 shares of the company's stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average price of $5.86 per share, with a total value of $117,200.00. Following the purchase, the chief financial officer now owns 40,000 shares in the company, valued at approximately $234,400. This represents a 100.00 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 75,000 shares of company stock valued at $434,350 in the last ninety days. Company insiders own 10.50% of the company's stock.
Ivanhoe Electric Stock Down 3.3 %
IE stock traded down $0.22 during trading hours on Wednesday, hitting $6.35. The company's stock had a trading volume of 92,734 shares, compared to its average volume of 752,092. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.26. The stock has a 50 day moving average price of $6.03 and a two-hundred day moving average price of $7.62. The company has a market capitalization of $766.29 million, a PE ratio of -3.98 and a beta of 0.74. Ivanhoe Electric Inc. has a 12 month low of $4.50 and a 12 month high of $12.98.
Analyst Ratings Changes
Several analysts have recently weighed in on the company. Jefferies Financial Group lowered their target price on Ivanhoe Electric from $15.00 to $10.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Raymond James set a $15.00 target price on Ivanhoe Electric and gave the company an "outperform" rating in a research note on Friday, April 4th. JPMorgan Chase & Co. lowered their target price on Ivanhoe Electric from $16.00 to $13.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Finally, Scotiabank lowered their target price on Ivanhoe Electric from $14.00 to $13.50 and set a "sector outperform" rating for the company in a research note on Monday, January 6th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $12.88.
Read Our Latest Analysis on Ivanhoe Electric
About Ivanhoe Electric
(
Free Report)
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.
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