Glen Nickolas Kuntz Buys 1,342 Shares of Ivanhoe Electric Inc. (NYSEAMERICAN:IE) Stock

Ivanhoe Electric Inc. (NYSEAMERICAN:IEGet Free Report) SVP Glen Nickolas Kuntz bought 1,342 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was bought at an average price of $8.23 per share, for a total transaction of $11,044.66. Following the purchase, the senior vice president now owns 3,042 shares in the company, valued at approximately $25,035.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Ivanhoe Electric Price Performance

Shares of NYSEAMERICAN IE opened at $9.26 on Friday. The company has a current ratio of 5.45, a quick ratio of 5.32 and a debt-to-equity ratio of 0.17. Ivanhoe Electric Inc. has a 52-week low of $7.29 and a 52-week high of $16.75. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of -8.12 and a beta of 0.86.

Ivanhoe Electric (NYSEAMERICAN:IEGet Free Report) last issued its earnings results on Monday, February 26th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.09). Ivanhoe Electric had a negative return on equity of 46.23% and a negative net margin of 3,259.77%. The business had revenue of $1.67 million during the quarter, compared to the consensus estimate of $2.00 million. On average, analysts predict that Ivanhoe Electric Inc. will post -1.15 EPS for the current year.

Hedge Funds Weigh In On Ivanhoe Electric

A number of large investors have recently bought and sold shares of IE. FMR LLC increased its stake in shares of Ivanhoe Electric by 27.4% in the third quarter. FMR LLC now owns 10,144,638 shares of the company’s stock valued at $120,721,000 after purchasing an additional 2,181,192 shares during the period. BlackRock Inc. increased its stake in shares of Ivanhoe Electric by 111.7% in the second quarter. BlackRock Inc. now owns 9,046,218 shares of the company’s stock valued at $117,963,000 after purchasing an additional 4,772,283 shares during the period. Invesco Ltd. increased its stake in shares of Ivanhoe Electric by 9.0% in the third quarter. Invesco Ltd. now owns 3,397,987 shares of the company’s stock valued at $40,436,000 after purchasing an additional 281,445 shares during the period. Pentwater Capital Management LP increased its stake in shares of Ivanhoe Electric by 500.6% in the third quarter. Pentwater Capital Management LP now owns 1,751,666 shares of the company’s stock valued at $20,845,000 after purchasing an additional 1,460,000 shares during the period. Finally, Goehring & Rozencwajg Associates LLC increased its stake in shares of Ivanhoe Electric by 4.1% in the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 1,361,329 shares of the company’s stock valued at $13,722,000 after purchasing an additional 53,045 shares during the period. Institutional investors own 54.86% of the company’s stock.

Analyst Ratings Changes

Separately, Scotiabank cut their target price on shares of Ivanhoe Electric from $18.00 to $16.00 and set an “outperform” rating on the stock in a research note on Monday, November 20th.

Check Out Our Latest Analysis on Ivanhoe Electric

About Ivanhoe Electric

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Insider Buying and Selling by Quarter for Ivanhoe Electric (NYSEAMERICAN:IE)

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