Graham Richard Thomas Boyd Buys 5,000 Shares of Ivanhoe Electric Inc. (NYSEAMERICAN:IE) Stock

Ivanhoe Electric Inc. (NYSEAMERICAN:IE) VP Graham Richard Thomas Boyd bought 5,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average price of $5.83 per share, with a total value of $29,150.00. Following the completion of the purchase, the vice president now directly owns 11,510 shares in the company, valued at $67,103.30. This represents a 76.80 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Ivanhoe Electric Stock Down 3.6 %

Shares of IE stock traded down $0.21 during trading hours on Monday, hitting $5.57. 896,795 shares of the company’s stock were exchanged, compared to its average volume of 676,306. The company has a market capitalization of $672.69 million, a price-to-earnings ratio of -3.50 and a beta of 0.74. The business’s 50 day moving average price is $6.63. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.26. Ivanhoe Electric Inc. has a fifty-two week low of $5.35 and a fifty-two week high of $12.98.

Analyst Upgrades and Downgrades

A number of research firms recently commented on IE. JPMorgan Chase & Co. decreased their target price on Ivanhoe Electric from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Scotiabank dropped their price objective on shares of Ivanhoe Electric from $14.00 to $13.50 and set a “sector outperform” rating on the stock in a report on Monday, January 6th. Finally, Jefferies Financial Group reduced their target price on shares of Ivanhoe Electric from $15.00 to $10.00 and set a “buy” rating for the company in a report on Monday, January 6th.

Hedge Funds Weigh In On Ivanhoe Electric

Several hedge funds and other institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its stake in Ivanhoe Electric by 0.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 128,365 shares of the company’s stock worth $1,086,000 after purchasing an additional 1,165 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Ivanhoe Electric by 2.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 66,951 shares of the company’s stock valued at $566,000 after buying an additional 1,643 shares in the last quarter. MetLife Investment Management LLC boosted its position in shares of Ivanhoe Electric by 6.0% during the 4th quarter. MetLife Investment Management LLC now owns 51,922 shares of the company’s stock valued at $392,000 after acquiring an additional 2,948 shares during the last quarter. Avior Wealth Management LLC purchased a new stake in shares of Ivanhoe Electric in the 3rd quarter valued at approximately $32,000. Finally, Creative Planning lifted its holdings in Ivanhoe Electric by 33.9% in the third quarter. Creative Planning now owns 18,347 shares of the company’s stock valued at $155,000 after acquiring an additional 4,644 shares during the last quarter. Hedge funds and other institutional investors 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.