Ivanhoe Electric Inc. (NYSEAMERICAN:IE) CFO Purchases $117,200.00 in Stock

Ivanhoe Electric Inc. (NYSEAMERICAN:IE) CFO Jordan Neeser acquired 20,000 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was bought 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 directly owns 40,000 shares of the company’s stock, valued at $234,400. This represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Ivanhoe Electric Stock Performance

Shares of IE opened at $5.78 on Friday. Ivanhoe Electric Inc. has a fifty-two week low of $5.37 and a fifty-two week high of $12.98. The firm has a market capitalization of $698.05 million, a P/E ratio of -3.64 and a beta of 0.74. The business’s 50-day simple moving average is $6.63. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.26.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Scotiabank decreased their price objective on shares of 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. Jefferies Financial Group decreased their target price on shares of Ivanhoe Electric from $15.00 to $10.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Ivanhoe Electric from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th.

Institutional Investors Weigh In On Ivanhoe Electric

Several hedge funds have recently made changes to their positions in IE. Avior Wealth Management LLC purchased a new position in Ivanhoe Electric during the third quarter worth about $32,000. Generali Investments CEE investicni spolecnost a.s. purchased a new position in Ivanhoe Electric during the fourth quarter worth about $80,000. BNP Paribas Financial Markets purchased a new position in Ivanhoe Electric during the fourth quarter worth about $89,000. Eagle Global Advisors LLC purchased a new position in Ivanhoe Electric during the fourth quarter worth about $100,000. Finally, KLP Kapitalforvaltning AS purchased a new position in Ivanhoe Electric during the fourth quarter worth about $103,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

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.