10,612 Shares in Ivanhoe Electric Inc. (NYSEAMERICAN:IE) Acquired by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of Ivanhoe Electric Inc. (NYSEAMERICAN:IE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,612 shares of the company’s stock, valued at approximately $80,000.

Other large investors have also added to or reduced their stakes in the company. Avior Wealth Management LLC acquired a new stake in Ivanhoe Electric during the third quarter worth approximately $32,000. Creative Planning lifted its stake in Ivanhoe Electric by 33.9% during the third quarter. Creative Planning now owns 18,347 shares of the company’s stock worth $155,000 after purchasing an additional 4,644 shares during the last quarter. Intech Investment Management LLC bought a new stake in Ivanhoe Electric during the third quarter worth $162,000. Aigen Investment Management LP bought a new stake in Ivanhoe Electric during the third quarter worth $174,000. Finally, Arizona State Retirement System bought a new stake in Ivanhoe Electric during the fourth quarter worth $171,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Ivanhoe Electric Price Performance

Shares of IE opened at $5.78 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.50 and a current ratio of 2.50. The company has a 50-day moving average price of $6.63. The firm has a market cap of $698.05 million, a P/E ratio of -3.64 and a beta of 0.74. Ivanhoe Electric Inc. has a one year low of $5.37 and a one year high of $12.98.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on IE shares. JPMorgan Chase & Co. cut their target price on Ivanhoe Electric from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Jefferies Financial Group dropped their price target 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. Finally, Scotiabank dropped their price target 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.

Insider Buying and Selling at Ivanhoe Electric

In other Ivanhoe Electric news, CFO Jordan Neeser bought 20,000 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average price 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 of the company’s stock, valued at approximately $234,400. This represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 10.50% 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.