Ivanhoe Electric (NYSEAMERICAN:IE) Insider Cassandra Pulskamp Joseph Sells 123,074 Shares

Ivanhoe Electric Inc. (NYSEAMERICAN:IE) insider Cassandra Pulskamp Joseph sold 123,074 shares of Ivanhoe Electric stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $16.48, for a total value of $2,028,259.52. Following the sale, the insider directly owned 51,370 shares of the company’s stock, valued at approximately $846,577.60. The trade was a 70.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Ivanhoe Electric Price Performance

Shares of NYSEAMERICAN IE opened at $17.19 on Friday. Ivanhoe Electric Inc. has a one year low of $4.50 and a one year high of $21.55. The business’s 50-day moving average price is $17.15 and its two-hundred day moving average price is $13.99. The company has a market capitalization of $2.71 billion, a P/E ratio of -21.76 and a beta of 0.98.

Institutional Investors Weigh In On Ivanhoe Electric

A number of large investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD raised its holdings in shares of Ivanhoe Electric by 114.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,671,551 shares of the company’s stock valued at $202,493,000 after acquiring an additional 6,761,857 shares in the last quarter. Alyeska Investment Group L.P. lifted its position in shares of Ivanhoe Electric by 259.5% in the 4th quarter. Alyeska Investment Group L.P. now owns 7,552,332 shares of the company’s stock worth $120,686,000 after purchasing an additional 5,451,646 shares during the period. Vanguard Group Inc. boosted its stake in shares of Ivanhoe Electric by 24.4% during the 4th quarter. Vanguard Group Inc. now owns 6,579,446 shares of the company’s stock valued at $105,140,000 after purchasing an additional 1,290,175 shares in the last quarter. State Street Corp increased its position in shares of Ivanhoe Electric by 16.1% during the fourth quarter. State Street Corp now owns 6,451,563 shares of the company’s stock valued at $103,096,000 after buying an additional 895,102 shares during the period. Finally, Kopernik Global Investors LLC raised its stake in Ivanhoe Electric by 2.2% in the second quarter. Kopernik Global Investors LLC now owns 3,412,561 shares of the company’s stock worth $30,952,000 after buying an additional 72,376 shares in the last quarter. 79.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. boosted their price target on Ivanhoe Electric from $18.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $18.13.

Ivanhoe Electric Company Profile

Ivanhoe Electric (NYSEAMERICAN:IE) is a mineral exploration and project-development company focused on the discovery and advancement of battery-metal deposits. The company’s portfolio targets copper, nickel, silver, gold and zinc resources that support the growing demand for electrification and clean-energy technologies. Through systematic geological mapping, drilling and metallurgical testing, Ivanhoe Electric aims to delineate large-scale, strategically located mineral systems.

Headquartered in Greenwood Village, Colorado, Ivanhoe Electric has assembled a diversified land package across North America and Europe.