Ivanhoe Electric Inc. (NYSEAMERICAN:IE) COO Mark Andrew Stuart Gibson Sells 28,344 Shares of Stock

Ivanhoe Electric Inc. (NYSEAMERICAN:IEGet Free Report) COO Mark Andrew Stuart Gibson sold 28,344 shares of Ivanhoe Electric stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $12.45, for a total value of $352,882.80. Following the completion of the transaction, the chief operating officer now owns 301,928 shares in the company, valued at approximately $3,759,003.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Ivanhoe Electric Stock Performance

Shares of NYSEAMERICAN:IE opened at $11.97 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 4.89 and a quick ratio of 4.76. Ivanhoe Electric Inc. has a 1 year low of $7.29 and a 1 year high of $16.75.

Ivanhoe Electric (NYSEAMERICAN:IEGet Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.80. Ivanhoe Electric had a negative net margin of 3,007.59% and a negative return on equity of 33.64%. The business had revenue of $0.36 million for the quarter, compared to the consensus estimate of $1.00 million. Research analysts expect that Ivanhoe Electric Inc. will post -1.15 earnings per share for the current year.

Hedge Funds Weigh In On Ivanhoe Electric

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC grew 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 worth $120,721,000 after acquiring an additional 2,181,192 shares during the last quarter. Pentwater Capital Management LP increased its stake in Ivanhoe Electric by 500.6% during the 3rd 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 in the last quarter. Adage Capital Partners GP L.L.C. purchased a new position in Ivanhoe Electric in the third quarter worth about $8,925,000. Jennison Associates LLC bought a new position in shares of Ivanhoe Electric in the third quarter worth approximately $6,463,000. Finally, Primecap Management Co. CA bought a new stake in shares of Ivanhoe Electric during the third quarter valued at approximately $4,888,000. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Analyst Ratings Changes

Separately, Scotiabank decreased their target price on shares of Ivanhoe Electric from $15.50 to $14.50 and set a “sector outperform” rating on the stock in a research note on Tuesday, April 9th.

Get Our Latest Stock Analysis on Ivanhoe Electric

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.

Further Reading

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

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