Ivanhoe Electric Inc. (NYSEAMERICAN:IE - Get Free Report)'s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $5.50 and last traded at $5.59, with a volume of 17548 shares trading hands. The stock had previously closed at $5.71.
Analyst Upgrades and Downgrades
IE has been the subject of several analyst reports. Jefferies Financial Group reduced their price target on Ivanhoe Electric from $15.00 to $10.00 and set a "buy" rating for the company in a report on Monday, January 6th. Scotiabank dropped their target price on Ivanhoe Electric from $14.00 to $13.50 and set a "sector outperform" rating on the stock in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. dropped their target price on Ivanhoe Electric from $17.00 to $16.00 and set an "overweight" rating on the stock in a research report on Thursday, January 16th.
View Our Latest Stock Report on Ivanhoe Electric
Ivanhoe Electric Price Performance
The business's 50-day moving average price is $6.63. The company has a market capitalization of $698.05 million, a P/E ratio of -3.64 and a beta of 0.74. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.26.
Insider Transactions at Ivanhoe Electric
In related news, CFO Jordan Neeser bought 20,000 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average cost of $5.86 per share, with a total value of $117,200.00. Following the completion of the acquisition, the chief financial officer now directly owns 40,000 shares in the company, valued at approximately $234,400. The trade was a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 10.50% of the company's stock.
Institutional Trading of Ivanhoe Electric
A number of institutional investors 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 approximately $32,000. Generali Investments CEE investicni spolecnost a.s. purchased a new position in Ivanhoe Electric during the fourth quarter worth approximately $80,000. BNP Paribas Financial Markets purchased a new position in Ivanhoe Electric during the fourth quarter worth approximately $89,000. Eagle Global Advisors LLC purchased a new position in Ivanhoe Electric during the fourth quarter worth approximately $100,000. Finally, KLP Kapitalforvaltning AS purchased a new position in Ivanhoe Electric during the fourth quarter worth approximately $103,000. 79.05% of the stock is owned by institutional investors and hedge funds.
About Ivanhoe Electric
(
Get 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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