Evan James Macmillan Young Sells 50,000 Shares of Ivanhoe Electric Inc. (NYSEAMERICAN:IE) Stock

Ivanhoe Electric Inc. (NYSEAMERICAN:IE – Get Rating) VP Evan James Macmillan Young sold 50,000 shares of the firm’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $13.48, for a total transaction of $674,000.00. Following the transaction, the vice president now directly owns 2,500 shares of the company’s stock, valued at $33,700. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Ivanhoe Electric Price Performance

Shares of NYSEAMERICAN:IE opened at $13.10 on Tuesday. Ivanhoe Electric Inc. has a 52 week low of $7.01 and a 52 week high of $16.55. The firm has a market capitalization of $1.22 billion and a price-to-earnings ratio of -10.08. The company has a debt-to-equity ratio of 0.16, a current ratio of 6.82 and a quick ratio of 8.34.

Ivanhoe Electric (NYSEAMERICAN:IE – Get Rating) last issued its quarterly earnings data on Tuesday, March 14th. The company reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.22). Ivanhoe Electric had a negative return on equity of 44.13% and a negative net margin of 4,217.06%. The business had revenue of $0.27 million during the quarter, compared to analysts’ expectations of $1.50 million. On average, equities research analysts predict that Ivanhoe Electric Inc. will post -0.82 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Raymond James raised their target price on shares of Ivanhoe Electric from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Wednesday, February 15th. BMO Capital Markets raised their target price on shares of Ivanhoe Electric from $15.00 to $18.00 and gave the company an “outperform” rating in a research note on Wednesday, February 15th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Ivanhoe Electric presently has a consensus rating of “Moderate Buy” and an average target price of $14.70.

Institutional Investors Weigh In On Ivanhoe Electric

Several institutional investors have recently made changes to their positions in the company. Orion Resource Partners USA LP bought a new stake in shares of Ivanhoe Electric in the 4th quarter worth about $90,238,000. BlackRock Inc. lifted its holdings in shares of Ivanhoe Electric by 69.8% in the 1st quarter. BlackRock Inc. now owns 4,273,935 shares of the company’s stock worth $51,928,000 after acquiring an additional 1,757,571 shares during the last quarter. SailingStone Capital Partners LLC lifted its holdings in shares of Ivanhoe Electric by 1.0% in the 4th quarter. SailingStone Capital Partners LLC now owns 4,034,178 shares of the company’s stock worth $58,859,000 after acquiring an additional 40,121 shares during the last quarter. Kopernik Global Investors LLC lifted its holdings in shares of Ivanhoe Electric by 5.7% in the 1st quarter. Kopernik Global Investors LLC now owns 1,177,368 shares of the company’s stock worth $14,305,000 after acquiring an additional 63,251 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board bought a new stake in shares of Ivanhoe Electric in the 3rd quarter worth about $7,916,000. Institutional investors own 27.67% of the company’s stock.

Ivanhoe Electric Company Profile

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Ivanhoe Electric Inc operates as a mineral exploration and development company in the United States. It operates through Critical Metals, Technology, and Energy Storage. The company holds 84.6% interests in the Tintic copper-gold project covering an area of 65 square kilometers located in Utah. It also holds an option to acquire a 100% interest in the Santa Cruz copper project covering an area of 77.59 square kilometers located in Arizona; 75% interest in the Hog Heaven silver-gold-copper project covering an area of 24.2 square kilometers located in Montana; and 60% interest in the Ivory Coast project covering an area of 1,125 square kilometers located in the Ivory Coast.