Barclays PLC grew its position in Ivanhoe Electric Inc. (NYSEAMERICAN:IE - Free Report) by 358.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 135,903 shares of the company's stock after buying an additional 106,288 shares during the quarter. Barclays PLC owned 0.11% of Ivanhoe Electric worth $1,150,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in IE. State Street Corp increased its position in Ivanhoe Electric by 94.5% during the 3rd quarter. State Street Corp now owns 3,207,117 shares of the company's stock worth $27,132,000 after purchasing an additional 1,558,467 shares in the last quarter. Raffles Associates LP increased its position in Ivanhoe Electric by 70.0% during the 3rd quarter. Raffles Associates LP now owns 1,111,077 shares of the company's stock worth $9,400,000 after purchasing an additional 457,479 shares in the last quarter. Mak Capital One LLC increased its position in Ivanhoe Electric by 21.6% during the 2nd quarter. Mak Capital One LLC now owns 1,780,872 shares of the company's stock worth $16,705,000 after purchasing an additional 316,903 shares in the last quarter. Goehring & Rozencwajg Associates LLC increased its position 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 valued at $15,301,000 after acquiring an additional 199,400 shares during the period. Finally, PDT Partners LLC acquired a new position in Ivanhoe Electric in the 3rd quarter valued at approximately $1,122,000. 79.05% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on IE shares. Scotiabank cut their target price on shares of Ivanhoe Electric from $14.00 to $13.50 and set a "sector outperform" rating on the stock in a research note on Monday, January 6th. Jefferies Financial Group cut their target price on shares of Ivanhoe Electric from $15.00 to $10.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Finally, Eight Capital raised shares of Ivanhoe Electric to a "strong-buy" rating in a research note on Thursday, September 26th.
Get Our Latest Analysis on IE
Ivanhoe Electric Trading Down 3.6 %
Shares of IE stock traded down $0.25 during trading hours on Tuesday, hitting $6.61. 263,771 shares of the company's stock were exchanged, compared to its average volume of 524,794. The company has a market capitalization of $796.24 million, a PE ratio of -4.16 and a beta of 0.66. Ivanhoe Electric Inc. has a 12-month low of $6.31 and a 12-month high of $12.98. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.50 and a current ratio of 2.50.
About Ivanhoe Electric
(
Free Report)
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.
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