Generali Investments CEE investicni spolecnost a.s. Buys Shares of 10,612 Ivanhoe Electric Inc. (NYSEAMERICAN:IE)

Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Ivanhoe Electric Inc. (NYSEAMERICAN:IE) during the fourth quarter, Holdings Channel.com reports. The fund bought 10,612 shares of the company’s stock, valued at approximately $80,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Creative Planning grew its position in shares of Ivanhoe Electric by 33.9% during the 3rd quarter. Creative Planning now owns 18,347 shares of the company’s stock valued at $155,000 after purchasing an additional 4,644 shares in the last quarter. Aigen Investment Management LP purchased a new position in shares of Ivanhoe Electric during the 3rd quarter valued at $174,000. Euro Pacific Asset Management LLC grew its position in shares of Ivanhoe Electric by 26.1% during the 3rd quarter. Euro Pacific Asset Management LLC now owns 165,472 shares of the company’s stock valued at $1,411,000 after purchasing an additional 34,246 shares in the last quarter. Avior Wealth Management LLC purchased a new position in shares of Ivanhoe Electric during the 3rd quarter valued at $32,000. Finally, Intech Investment Management LLC purchased a new position in shares of Ivanhoe Electric during the 3rd quarter valued at $162,000. Institutional investors own 79.05% of the company’s stock.

Insider Buying and Selling at Ivanhoe Electric

In other news, CFO Jordan Neeser acquired 20,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was purchased at an average cost of $5.86 per share, with a total value of $117,200.00. Following the completion of the purchase, the chief financial officer now owns 40,000 shares in the company, valued at approximately $234,400. The trade was a 100.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 10.50% of the company’s stock.

Analyst Upgrades and Downgrades

IE has been the subject of several research reports. JPMorgan Chase & Co. cut their target price on shares of Ivanhoe Electric from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Scotiabank cut their target price on shares of 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 cut their target price on shares of Ivanhoe Electric from $15.00 to $10.00 and set a “buy” rating for the company in a research report on Monday, January 6th.

Ivanhoe Electric Stock Down 1.0 %

NYSEAMERICAN IE opened at $5.78 on Monday. The company’s 50-day simple moving average is $6.63. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.26. Ivanhoe Electric Inc. has a 12-month low of $5.37 and a 12-month high of $12.98. The stock has a market capitalization of $698.05 million, a price-to-earnings ratio of -3.64 and a beta of 0.74.

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.