Aigen Investment Management LP Acquires New Position in Ivanhoe Electric Inc. (NYSEAMERICAN:IE)

Aigen Investment Management LP bought a new position in shares of Ivanhoe Electric Inc. (NYSEAMERICAN:IE) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 20,623 shares of the company’s stock, valued at approximately $174,000.

Several other large investors have also added to or reduced their stakes in the company. Mak Capital One LLC boosted its stake in shares of Ivanhoe Electric by 21.6% in the second quarter. Mak Capital One LLC now owns 1,780,872 shares of the company’s stock worth $16,705,000 after acquiring an additional 316,903 shares during the period. Tidal Investments LLC lifted its holdings in Ivanhoe Electric by 432.6% in the 1st quarter. Tidal Investments LLC now owns 300,825 shares of the company’s stock worth $2,948,000 after purchasing an additional 244,341 shares in the last quarter. Goehring & Rozencwajg Associates LLC boosted its stake in Ivanhoe Electric by 13.9% in the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 1,631,239 shares of the company’s stock worth $15,301,000 after purchasing an additional 199,400 shares during the period. Old West Investment Management LLC grew its holdings in Ivanhoe Electric by 62.9% during the 3rd quarter. Old West Investment Management LLC now owns 259,597 shares of the company’s stock valued at $2,196,000 after buying an additional 100,265 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Ivanhoe Electric by 51.2% during the second quarter. Bank of New York Mellon Corp now owns 292,746 shares of the company’s stock valued at $2,746,000 after buying an additional 99,106 shares during the last quarter. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Ivanhoe Electric Stock Down 6.0 %

IE opened at $9.46 on Friday. The company has a current ratio of 2.50, a quick ratio of 3.52 and a debt-to-equity ratio of 0.26. Ivanhoe Electric Inc. has a one year low of $6.31 and a one year high of $12.98. The company has a market cap of $1.14 billion, a PE ratio of -5.95 and a beta of 0.73.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on IE. Eight Capital upgraded Ivanhoe Electric to a “strong-buy” rating in a research report on Thursday, September 26th. Scotiabank cut their price target on Ivanhoe Electric from $14.50 to $14.00 and set a “sector outperform” rating for the company in a report on Monday, August 19th.

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.