PDT Partners LLC acquired a new stake in shares of Ivanhoe Electric Inc. (NYSEAMERICAN:IE - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 132,576 shares of the company's stock, valued at approximately $1,122,000. PDT Partners LLC owned approximately 0.11% of Ivanhoe Electric as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Avior Wealth Management LLC bought a new position in shares of Ivanhoe Electric during the third quarter valued at $32,000. nVerses Capital LLC bought a new position in Ivanhoe Electric during the 3rd quarter worth $33,000. Principal Financial Group Inc. acquired a new position in Ivanhoe Electric during the 2nd quarter worth about $106,000. Creative Planning grew its position in shares of Ivanhoe Electric by 33.9% in the 3rd quarter. Creative Planning now owns 18,347 shares of the company's stock valued at $155,000 after buying an additional 4,644 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Ivanhoe Electric in the third quarter valued at about $162,000. Institutional investors own 79.05% of the company's stock.
Wall Street Analyst Weigh In
IE has been the topic of a number of analyst reports. Scotiabank reduced their price objective on shares of Ivanhoe Electric from $14.50 to $14.00 and set a "sector outperform" rating on the stock in a research note on Monday, August 19th. Eight Capital upgraded Ivanhoe Electric to a "strong-buy" rating in a report on Thursday, September 26th.
Check Out Our Latest Analysis on Ivanhoe Electric
Ivanhoe Electric Price Performance
NYSEAMERICAN:IE traded down $0.23 during trading hours on Monday, hitting $9.28. 333,878 shares of the company traded hands, compared to its average volume of 660,868. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.26. The stock has a market cap of $1.12 billion, a PE ratio of -5.98 and a beta of 0.73. Ivanhoe Electric Inc. has a one year low of $6.31 and a one year high of $12.98.
Ivanhoe Electric Profile
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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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