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

Ivanhoe Electric Inc. (NYSEAMERICAN:IE) insider Cassandra Pulskamp Joseph sold 123,074 shares of Ivanhoe Electric stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $16.48, for a total transaction of $2,028,259.52. Following the sale, the insider owned 51,370 shares of the company’s stock, valued at approximately $846,577.60. This represents a 70.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Ivanhoe Electric Stock Up 2.9%

NYSEAMERICAN IE traded up $0.49 during trading hours on Friday, hitting $17.19. The company’s stock had a trading volume of 1,988,733 shares, compared to its average volume of 1,949,775. Ivanhoe Electric Inc. has a twelve month low of $4.50 and a twelve month high of $21.55. The firm has a market capitalization of $2.71 billion, a P/E ratio of -21.76 and a beta of 0.98. The stock has a fifty day moving average of $17.12 and a 200 day moving average of $13.94.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. upped their price objective on Ivanhoe Electric from $18.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $18.13.

Hedge Funds Weigh In On Ivanhoe Electric

Institutional investors have recently modified their holdings of the company. FNY Investment Advisers LLC bought a new stake in Ivanhoe Electric during the 4th quarter valued at $56,000. Tower Research Capital LLC TRC increased its position in shares of Ivanhoe Electric by 146.0% during the second quarter. Tower Research Capital LLC TRC now owns 6,256 shares of the company’s stock worth $57,000 after acquiring an additional 3,713 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Ivanhoe Electric by 43.6% during the second quarter. BNP Paribas Financial Markets now owns 8,063 shares of the company’s stock worth $73,000 after acquiring an additional 2,449 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of Ivanhoe Electric by 138.1% in the 3rd quarter. IFP Advisors Inc now owns 6,408 shares of the company’s stock worth $83,000 after acquiring an additional 3,717 shares during the last quarter. Finally, AlphaQuest LLC lifted its position in Ivanhoe Electric by 881.3% in the 2nd quarter. AlphaQuest LLC now owns 9,332 shares of the company’s stock valued at $85,000 after acquiring an additional 8,381 shares in the last quarter. 79.05% of the stock is owned by institutional investors and hedge funds.

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.