Key Points
- Insider sale: Quentin Markin sold 90,000 shares on December 29 at an average price of $16.34 for about $1.47 million, reducing his stake by 11% to 728,493 shares (≈$11.9M) per the SEC filing.
- Market and analyst context: Ivanhoe Electric (IE) trades near $16 (opened $15.98) with a market cap of ~$2.31B and a 52‑week range of $4.50–$17.90; analysts hold a consensus Buy rating with an average target of $15.70 (some targets up to $18).
Ivanhoe Electric Inc. (NYSEAMERICAN:IE - Get Free Report) insider Quentin Markin sold 90,000 shares of the business's stock in a transaction dated Monday, December 29th. The stock was sold at an average price of $16.34, for a total value of $1,470,600.00. Following the transaction, the insider owned 728,493 shares in the company, valued at approximately $11,903,575.62. This represents a 11.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Ivanhoe Electric Stock Down 1.0%
NYSEAMERICAN IE opened at $15.98 on Thursday. The stock has a market cap of $2.31 billion, a PE ratio of -38.97 and a beta of 1.00. The business has a 50 day moving average price of $14.22 and a two-hundred day moving average price of $11.83. Ivanhoe Electric Inc. has a fifty-two week low of $4.50 and a fifty-two week high of $17.90. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.08.
Hedge Funds Weigh In On Ivanhoe Electric
A number of hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC increased its stake in Ivanhoe Electric by 146.0% during the second quarter. Tower Research Capital LLC TRC now owns 6,256 shares of the company's stock valued at $57,000 after purchasing an additional 3,713 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of Ivanhoe Electric by 138.1% in the 3rd quarter. IFP Advisors Inc now owns 6,408 shares of the company's stock valued at $83,000 after buying an additional 3,717 shares during the period. Comerica Bank grew its position in shares of Ivanhoe Electric by 352.3% during the 3rd quarter. Comerica Bank now owns 6,997 shares of the company's stock valued at $88,000 after buying an additional 5,450 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Ivanhoe Electric by 43.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 8,063 shares of the company's stock valued at $73,000 after buying an additional 2,449 shares during the last quarter. Finally, Banque Cantonale Vaudoise acquired a new stake in Ivanhoe Electric during the third quarter worth about $103,000. Institutional investors and hedge funds own 79.05% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on IE shares. Raymond James Financial upped their target price on Ivanhoe Electric from $15.00 to $16.00 and gave the company an "outperform" rating in a research report on Friday, October 10th. National Bankshares initiated coverage on shares of Ivanhoe Electric in a research note on Wednesday, September 3rd. They set an "outperform" rating on the stock. National Bank Financial raised shares of Ivanhoe Electric to a "strong-buy" rating in a report on Wednesday, September 3rd. JPMorgan Chase & Co. boosted their target price on shares of Ivanhoe Electric from $14.00 to $18.00 and gave the stock an "overweight" rating in a research report on Thursday, October 9th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Ivanhoe Electric in a research report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to MarketBeat.com, Ivanhoe Electric presently has an average rating of "Buy" and a consensus price target of $15.70.
Check Out Our Latest Analysis on Ivanhoe Electric
About Ivanhoe Electric
(
Get Free Report)
Ivanhoe Electric (NYSEAMERICAN:IE) is a mineral exploration and project-development company focused on the discovery and advancement of battery-metal deposits. The company's portfolio targets copper, nickel, silver, gold and zinc resources that support the growing demand for electrification and clean-energy technologies. Through systematic geological mapping, drilling and metallurgical testing, Ivanhoe Electric aims to delineate large-scale, strategically located mineral systems.
Headquartered in Greenwood Village, Colorado, Ivanhoe Electric has assembled a diversified land package across North America and Europe.
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