Ivanhoe Electric Inc. (NYSEAMERICAN:IE) Shares Acquired by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC lifted its holdings in shares of Ivanhoe Electric Inc. (NYSEAMERICAN:IE) by 26.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 165,472 shares of the company’s stock after purchasing an additional 34,246 shares during the quarter. Euro Pacific Asset Management LLC’s holdings in Ivanhoe Electric were worth $1,411,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. ProShare Advisors LLC lifted its stake in Ivanhoe Electric by 10.0% in the first quarter. ProShare Advisors LLC now owns 11,504 shares of the company’s stock valued at $113,000 after buying an additional 1,043 shares during the last quarter. Old West Investment Management LLC boosted its position in shares of Ivanhoe Electric by 2.2% during the 2nd quarter. Old West Investment Management LLC now owns 159,332 shares of the company’s stock valued at $1,495,000 after purchasing an additional 3,369 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of Ivanhoe Electric in the 3rd quarter worth approximately $33,000. Sei Investments Co. raised its holdings in shares of Ivanhoe Electric by 11.5% in the 1st quarter. Sei Investments Co. now owns 44,849 shares of the company’s stock worth $440,000 after purchasing an additional 4,610 shares in the last quarter. Finally, Creative Planning raised its holdings in shares of Ivanhoe Electric by 33.9% in the 3rd quarter. Creative Planning now owns 18,347 shares of the company’s stock worth $155,000 after purchasing an additional 4,644 shares in the last quarter. Institutional investors own 79.05% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on IE shares. Scotiabank decreased their price target on shares of Ivanhoe Electric from $14.50 to $14.00 and set a “sector outperform” rating on the stock in a research report on Monday, August 19th. Eight Capital raised Ivanhoe Electric to a “strong-buy” rating in a research note on Thursday, September 26th.

Ivanhoe Electric Price Performance

Ivanhoe Electric stock opened at $9.46 on Friday. Ivanhoe Electric Inc. has a fifty-two week low of $6.31 and a fifty-two week high of $12.98. The company has a current ratio of 2.50, a quick ratio of 3.52 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $1.14 billion, a PE ratio of -5.95 and a beta of 0.73.

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.