Ivanhoe Electric Inc. (NYSEAMERICAN:IE - Get Free Report) CFO Jordan Neeser bought 20,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average cost of $5.86 per share, for a total transaction of $117,200.00. Following the purchase, the chief financial officer now owns 40,000 shares of the company's stock, valued at approximately $234,400. The trade was a 100.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Ivanhoe Electric Trading Down 2.0 %
Shares of NYSEAMERICAN:IE opened at $5.84 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.50 and a quick ratio of 2.50. The stock has a market cap of $705.30 million, a P/E ratio of -3.67 and a beta of 0.74. Ivanhoe Electric Inc. has a 12-month low of $5.37 and a 12-month high of $12.98. The firm has a fifty day moving average of $6.63.
Hedge Funds Weigh In On Ivanhoe Electric
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Avior Wealth Management LLC bought a new stake in shares of Ivanhoe Electric in the 3rd quarter valued at about $32,000. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in Ivanhoe Electric during the fourth quarter valued at approximately $80,000. BNP Paribas Financial Markets acquired a new stake in Ivanhoe Electric in the fourth quarter valued at approximately $89,000. Eagle Global Advisors LLC purchased a new position in Ivanhoe Electric in the fourth quarter worth $100,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Ivanhoe Electric during the fourth quarter worth $103,000. Hedge funds and other institutional investors own 79.05% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Ivanhoe Electric from $17.00 to $16.00 and set an "overweight" rating for the company in a research note on Thursday, January 16th. Scotiabank decreased their target price on Ivanhoe Electric from $14.00 to $13.50 and set a "sector outperform" rating for the company in a research report on Monday, January 6th. Finally, Jefferies Financial Group dropped their price target on Ivanhoe Electric from $15.00 to $10.00 and set a "buy" rating on the stock in a research report on Monday, January 6th.
Get Our Latest Report on IE
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
