Euro Pacific Asset Management LLC Purchases 18,335 Shares of Ivanhoe Electric Inc. $IE

Euro Pacific Asset Management LLC boosted its holdings in Ivanhoe Electric Inc. (NYSEAMERICAN:IE) by 4.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 481,681 shares of the company’s stock after purchasing an additional 18,335 shares during the quarter. Euro Pacific Asset Management LLC owned about 0.36% of Ivanhoe Electric worth $4,385,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Ameriprise Financial Inc. acquired a new stake in Ivanhoe Electric in the fourth quarter worth $104,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Ivanhoe Electric by 34.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 211,513 shares of the company’s stock valued at $1,597,000 after buying an additional 54,771 shares during the period. California State Teachers Retirement System increased its position in Ivanhoe Electric by 6.5% in the 4th quarter. California State Teachers Retirement System now owns 73,530 shares of the company’s stock valued at $555,000 after buying an additional 4,462 shares in the last quarter. GAMMA Investing LLC raised its stake in Ivanhoe Electric by 456.9% during the 1st quarter. GAMMA Investing LLC now owns 11,115 shares of the company’s stock worth $65,000 after buying an additional 9,119 shares during the period. Finally, Rhumbline Advisers raised its stake in Ivanhoe Electric by 5.4% during the 1st quarter. Rhumbline Advisers now owns 112,663 shares of the company’s stock worth $655,000 after buying an additional 5,740 shares during the period. Institutional investors and hedge funds own 79.05% of the company’s stock.

Insider Activity at Ivanhoe Electric

In related news, VP Graham Richard Thomas Boyd sold 134,059 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $8.92, for a total transaction of $1,195,806.28. Following the completion of the sale, the vice president directly owned 194,226 shares of the company’s stock, valued at approximately $1,732,495.92. This trade represents a 40.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 12.06% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on IE. National Bankshares initiated coverage on Ivanhoe Electric in a report on Wednesday, September 3rd. They set an “outperform” rating for the company. Cantor Fitzgerald initiated coverage on shares of Ivanhoe Electric in a research report on Thursday, August 21st. They issued an “overweight” rating and a $17.00 price target for the company. Raymond James Financial upgraded shares of Ivanhoe Electric to a “moderate buy” rating and set a $15.00 price objective on the stock in a report on Monday, June 30th. Scotiabank reaffirmed an “outperform” rating on shares of Ivanhoe Electric in a research note on Tuesday, June 24th. Finally, National Bank Financial raised shares of Ivanhoe Electric to a “strong-buy” rating in a research report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $14.00.

Ivanhoe Electric Trading Up 1.3%

Shares of IE stock opened at $12.44 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 3.84 and a current ratio of 3.84. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of -19.44 and a beta of 0.98. Ivanhoe Electric Inc. has a 52-week low of $4.50 and a 52-week high of $13.25. The company has a 50-day simple moving average of $9.79 and a two-hundred day simple moving average of $8.37.

Ivanhoe Electric Profile

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.