Ivanhoe Electric Inc. (NYSEAMERICAN:IE) is Orion Resource Partners LP's 5th Largest Position

Orion Resource Partners LP decreased its position in shares of Ivanhoe Electric Inc. (NYSEAMERICAN:IE - Free Report) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,887,387 shares of the company's stock after selling 62,613 shares during the period. Ivanhoe Electric accounts for approximately 2.9% of Orion Resource Partners LP's portfolio, making the stock its 5th biggest holding. Orion Resource Partners LP owned about 1.57% of Ivanhoe Electric worth $14,250,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Generali Investments CEE investicni spolecnost a.s. acquired a new position in Ivanhoe Electric during the fourth quarter worth about $80,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Ivanhoe Electric during the 4th quarter worth approximately $103,000. Dimensional Fund Advisors LP acquired a new stake in shares of Ivanhoe Electric in the 4th quarter worth approximately $146,000. Arizona State Retirement System acquired a new stake in shares of Ivanhoe Electric in the 4th quarter worth approximately $171,000. Finally, Bank of Montreal Can increased its stake in Ivanhoe Electric by 22.4% in the 4th quarter. Bank of Montreal Can now owns 33,743 shares of the company's stock valued at $255,000 after purchasing an additional 6,177 shares in the last quarter. Hedge funds and other institutional investors own 79.05% of the company's stock.

Ivanhoe Electric Stock Down 4.3 %

Shares of Ivanhoe Electric stock traded down $0.27 during trading on Monday, reaching $6.06. The company had a trading volume of 526,688 shares, compared to its average volume of 755,909. The company has a market cap of $731.87 million, a price-to-earnings ratio of -3.81 and a beta of 0.74. Ivanhoe Electric Inc. has a fifty-two week low of $4.50 and a fifty-two week high of $12.98. The firm's fifty day moving average is $6.02 and its 200-day moving average is $7.58. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.50 and a current ratio of 2.50.

Insider Activity

In other news, VP Graham Richard Thomas Boyd purchased 5,000 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was purchased at an average cost of $5.83 per share, with a total value of $29,150.00. Following the purchase, the vice president now owns 11,510 shares in the company, valued at $67,103.30. This trade represents a 76.80 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jordan Neeser acquired 20,000 shares of the company's stock in a transaction dated Wednesday, March 5th. The stock was purchased at an average cost of $5.86 per share, for a total transaction of $117,200.00. Following the purchase, the chief financial officer now directly 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. Over the last ninety days, insiders purchased 75,000 shares of company stock valued at $434,350. 10.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

IE has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered their target price on Ivanhoe Electric from $16.00 to $13.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Scotiabank dropped their price objective on Ivanhoe Electric from $14.00 to $13.50 and set a "sector outperform" rating for the company in a research report on Monday, January 6th. Jefferies Financial Group reduced their target price on shares of Ivanhoe Electric from $15.00 to $10.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Finally, Raymond James set a $15.00 price target on shares of Ivanhoe Electric and gave the stock an "outperform" rating in a report on Friday, April 4th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Ivanhoe Electric has an average rating of "Buy" and a consensus price target of $12.88.

Ivanhoe Electric Company 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.