SG Americas Securities LLC Has $661,000 Position in Ivanhoe Electric Inc. $IE

SG Americas Securities LLC grew its position in shares of Ivanhoe Electric Inc. (NYSEAMERICAN:IE) by 162.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,688 shares of the company’s stock after purchasing an additional 32,615 shares during the quarter. SG Americas Securities LLC’s holdings in Ivanhoe Electric were worth $661,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Ballentine Partners LLC bought a new position in Ivanhoe Electric in the 2nd quarter valued at approximately $93,000. Eagle Global Advisors LLC increased its position in Ivanhoe Electric by 7.6% in the 2nd quarter. Eagle Global Advisors LLC now owns 17,000 shares of the company’s stock valued at $154,000 after acquiring an additional 1,200 shares during the period. Truist Financial Corp raised its stake in shares of Ivanhoe Electric by 36.4% during the second quarter. Truist Financial Corp now owns 15,000 shares of the company’s stock valued at $136,000 after acquiring an additional 4,000 shares during the last quarter. Euro Pacific Asset Management LLC lifted its holdings in shares of Ivanhoe Electric by 4.0% during the second quarter. Euro Pacific Asset Management LLC now owns 481,681 shares of the company’s stock worth $4,097,000 after purchasing an additional 18,335 shares during the period. Finally, KLP Kapitalforvaltning AS grew its stake in shares of Ivanhoe Electric by 67.9% in the second quarter. KLP Kapitalforvaltning AS now owns 23,000 shares of the company’s stock worth $209,000 after purchasing an additional 9,300 shares during the last quarter. Institutional investors and hedge funds own 79.05% of the company’s stock.

Ivanhoe Electric Stock Down 0.2%

Shares of NYSEAMERICAN:IE opened at $17.95 on Thursday. Ivanhoe Electric Inc. has a 1 year low of $4.50 and a 1 year high of $18.70. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.41 and a quick ratio of 1.41. The business’s 50-day moving average is $15.22 and its 200-day moving average is $12.71. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of -43.78 and a beta of 0.98.

Insider Transactions at Ivanhoe Electric

In other Ivanhoe Electric news, insider Quentin Markin sold 90,000 shares of the business’s stock in a transaction that occurred on Monday, December 29th. The stock was sold at an average price of $16.34, for a total value of $1,470,600.00. Following the transaction, the insider directly owned 728,493 shares of the company’s stock, valued at approximately $11,903,575.62. The trade was a 11.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 12.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on IE shares. JPMorgan Chase & Co. raised their target price on Ivanhoe Electric from $18.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, January 8th. Raymond James Financial increased their price target on Ivanhoe Electric from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. Finally, Scotiabank restated an “outperform” rating on shares of Ivanhoe Electric in a research report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target 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.