Ivanhoe Electric Inc. (NYSEAMERICAN:IE - Get Free Report) COO Mark Andrew Stuart Gibson sold 28,344 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $12.45, for a total value of $352,882.80. Following the transaction, the chief operating officer now owns 301,928 shares of the company's stock, valued at $3,759,003.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Ivanhoe Electric Price Performance
IE traded down $0.24 on Friday, reaching $11.97. The company had a trading volume of 890,991 shares, compared to its average volume of 512,934. The company has a debt-to-equity ratio of 0.19, a current ratio of 4.89 and a quick ratio of 4.76. Ivanhoe Electric Inc. has a 1 year low of $7.29 and a 1 year high of $16.75. The stock has a market cap of $1.44 billion, a PE ratio of -11.19 and a beta of 0.87.
Ivanhoe Electric (NYSEAMERICAN:IE - Get Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of ($0.34) by $0.80. The company had revenue of $0.36 million during the quarter, compared to analysts' expectations of $1.00 million. Ivanhoe Electric had a negative return on equity of 33.64% and a negative net margin of 3,007.59%. As a group, sell-side analysts anticipate that Ivanhoe Electric Inc. will post -1.15 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of IE. Allspring Global Investments Holdings LLC boosted its holdings in Ivanhoe Electric by 118.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,096 shares of the company's stock valued at $73,000 after purchasing an additional 3,307 shares in the last quarter. Centerpoint Advisors LLC purchased a new stake in shares of Ivanhoe Electric in the fourth quarter valued at approximately $89,000. Tower Research Capital LLC TRC grew its holdings in Ivanhoe Electric by 112.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,401 shares of the company's stock worth $95,000 after acquiring an additional 4,967 shares during the period. MQS Management LLC purchased a new position in Ivanhoe Electric in the first quarter worth $100,000. Finally, LexAurum Advisors LLC purchased a new stake in shares of Ivanhoe Electric during the 4th quarter worth $107,000. 79.05% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, Scotiabank cut their price target on shares of Ivanhoe Electric from $15.50 to $14.50 and set a "sector outperform" rating on the stock in a research note on Tuesday, April 9th.
View Our Latest Report on Ivanhoe Electric
About Ivanhoe Electric
(
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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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