Ivanhoe Electric Inc. $IE Shares Purchased by Goehring & Rozencwajg Associates LLC

Goehring & Rozencwajg Associates LLC increased its stake in shares of Ivanhoe Electric Inc. (NYSEAMERICAN:IE) by 5.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,787,897 shares of the company’s stock after acquiring an additional 90,708 shares during the period. Ivanhoe Electric makes up approximately 2.7% of Goehring & Rozencwajg Associates LLC’s holdings, making the stock its 15th largest holding. Goehring & Rozencwajg Associates LLC owned about 1.24% of Ivanhoe Electric worth $28,571,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Wells Fargo & Company MN lifted its position in Ivanhoe Electric by 114.9% during the 4th quarter. Wells Fargo & Company MN now owns 121,282 shares of the company’s stock worth $1,938,000 after acquiring an additional 64,855 shares in the last quarter. Federation des caisses Desjardins du Quebec raised its position in shares of Ivanhoe Electric by 45.1% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 43,080 shares of the company’s stock valued at $669,000 after purchasing an additional 13,400 shares in the last quarter. MetLife Investment Management LLC raised its position in shares of Ivanhoe Electric by 16.2% in the 4th quarter. MetLife Investment Management LLC now owns 59,325 shares of the company’s stock valued at $948,000 after purchasing an additional 8,252 shares in the last quarter. Sprott Inc. raised its position in shares of Ivanhoe Electric by 39.5% in the 4th quarter. Sprott Inc. now owns 15,108 shares of the company’s stock valued at $241,000 after purchasing an additional 4,280 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new position in shares of Ivanhoe Electric in the 4th quarter valued at approximately $166,000. 79.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. cut their target price on Ivanhoe Electric from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $17.88.

Ivanhoe Electric Stock Up 1.9%

Shares of IE opened at $11.03 on Friday. The business’s 50 day moving average is $13.11 and its two-hundred day moving average is $14.61. Ivanhoe Electric Inc. has a 52-week low of $7.72 and a 52-week high of $21.55. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of -13.62 and a beta of 1.15.

Ivanhoe Electric Company Profile

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.