Ivanhoe Electric Inc. (NYSEAMERICAN:IE) Insider Sells 25,000 Shares of Stock

Ivanhoe Electric Inc. (NYSEAMERICAN:IE) insider Mark Andrew Stuart Gibson sold 25,000 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $12.16, for a total value of $304,000.00. Following the sale, the insider now directly owns 260,272 shares of the company’s stock, valued at $3,164,907.52. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Mark Andrew Stuart Gibson also recently made the following trade(s):

• On Thursday, May 16th, Mark Andrew Stuart Gibson sold 28,344 shares of Ivanhoe Electric stock. The stock was sold at an average price of $12.45, for a total transaction of $352,882.80.

Ivanhoe Electric Stock Down 6.4 %

Shares of IE stock opened at $11.23 on Thursday. The stock has a market capitalization of $1.35 billion, a PE ratio of -10.50 and a beta of 0.87. 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 one year low of $7.29 and a one year high of $16.75.

Ivanhoe Electric (NYSEAMERICAN:IE) last issued its earnings results on Wednesday, May 8th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of ($0.34) by $0.80. The firm had revenue of $0.36 million during the quarter, compared to the consensus estimate of $1.00 million. Ivanhoe Electric had a negative net margin of 3,007.59% and a negative return on equity of 33.64%. As a group, research analysts expect that Ivanhoe Electric Inc. will post -1.15 EPS for the current year.

Analysts Set New Price Targets

Separately, Scotiabank reduced their price objective 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.

Institutional Trading of Ivanhoe Electric

Hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC grew its stake in Ivanhoe Electric by 118.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 6,096 shares of the company’s stock valued at $73,000 after acquiring an additional 3,307 shares during the period. Centerpoint Advisors LLC bought a new position in shares of Ivanhoe Electric during the 4th quarter valued at about $89,000. Tower Research Capital LLC TRC grew its position in shares of Ivanhoe Electric by 112.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,401 shares of the company’s stock valued at $95,000 after purchasing an additional 4,967 shares during the period. MQS Management LLC bought a new stake in Ivanhoe Electric during the 1st quarter worth approximately $100,000. Finally, LexAurum Advisors LLC bought a new stake in Ivanhoe Electric during the 4th quarter worth approximately $107,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

About Ivanhoe Electric

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.