10,194 Shares in Ivanhoe Electric Inc. (NYSEAMERICAN:IE) Acquired by MQS Management LLC

MQS Management LLC bought a new position in shares of Ivanhoe Electric Inc. (NYSEAMERICAN:IE) during the first quarter, Holdings Channel reports. The fund bought 10,194 shares of the company’s stock, valued at approximately $100,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of IE. Tower Research Capital LLC TRC increased its holdings 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 worth $95,000 after buying an additional 4,967 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of Ivanhoe Electric by 10.0% in the 1st quarter. ProShare Advisors LLC now owns 11,504 shares of the company’s stock worth $113,000 after buying an additional 1,043 shares during the last quarter. Capstone Investment Advisors LLC bought a new position in shares of Ivanhoe Electric in the 4th quarter worth $151,000. Avior Wealth Management LLC increased its holdings in shares of Ivanhoe Electric by 164.7% in the 4th quarter. Avior Wealth Management LLC now owns 15,158 shares of the company’s stock worth $153,000 after buying an additional 9,432 shares during the last quarter. Finally, U S Global Investors Inc. increased its holdings in shares of Ivanhoe Electric by 70.0% in the 1st quarter. U S Global Investors Inc. now owns 30,596 shares of the company’s stock worth $300,000 after buying an additional 12,598 shares during the last quarter. Institutional investors own 79.05% of the company’s stock.

Ivanhoe Electric Price Performance

Shares of Ivanhoe Electric stock traded down $0.05 during trading on Thursday, reaching $9.81. The company’s stock had a trading volume of 505,732 shares, compared to its average volume of 611,364. 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 $1.18 billion, a price-to-earnings ratio of -9.17 and a beta of 0.85. The company has a debt-to-equity ratio of 0.19, a quick ratio of 4.76 and a current ratio of 4.89.

Ivanhoe Electric (NYSEAMERICAN:IE) last announced 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 company had revenue of $0.36 million during the quarter, compared to analysts’ expectations of $1.00 million. Equities research analysts expect that Ivanhoe Electric Inc. will post -1.18 EPS for the current year.

Insider Buying and Selling at Ivanhoe Electric

In other Ivanhoe Electric news, insider Mark Andrew Stuart Gibson sold 25,000 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $12.16, for a total transaction of $304,000.00. Following the completion of the sale, the insider now owns 260,272 shares of the company’s stock, valued at approximately $3,164,907.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 10.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

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.