Ivanhoe Electric Inc. $IE Shares Bought by Alps Advisors Inc.

Alps Advisors Inc. grew its holdings in Ivanhoe Electric Inc. (NYSEAMERICAN:IE) by 40.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 158,410 shares of the company’s stock after buying an additional 45,502 shares during the quarter. Alps Advisors Inc. owned 0.12% of Ivanhoe Electric worth $1,988,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. increased its holdings in Ivanhoe Electric by 3.8% in the 2nd quarter. Invesco Ltd. now owns 33,674 shares of the company’s stock worth $305,000 after acquiring an additional 1,247 shares in the last quarter. Teacher Retirement System of Texas grew its position in shares of Ivanhoe Electric by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 13,033 shares of the company’s stock valued at $118,000 after purchasing an additional 1,587 shares during the period. BNP Paribas Financial Markets increased its stake 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 purchasing an additional 2,449 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of Ivanhoe Electric by 3.3% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 117,712 shares of the company’s stock worth $1,477,000 after purchasing an additional 3,712 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in Ivanhoe Electric by 146.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,256 shares of the company’s stock valued at $57,000 after buying an additional 3,713 shares in the last quarter. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on IE. Scotiabank reiterated an “outperform” rating on shares of Ivanhoe Electric in a research note on Tuesday, October 28th. 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 investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $18.13.

Ivanhoe Electric Stock Down 0.1%

Shares of NYSEAMERICAN IE opened at $17.97 on Wednesday. The firm has a market cap of $2.60 billion, a P/E ratio of -43.83 and a beta of 0.98. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.41 and a current ratio of 1.41. Ivanhoe Electric Inc. has a 1 year low of $4.50 and a 1 year high of $21.55. The firm’s 50 day moving average price is $16.88 and its 200 day moving average price is $13.49.

Insider Activity at Ivanhoe Electric

In related news, insider Quentin Markin sold 90,000 shares of the company’s stock in a transaction 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 completion of the transaction, the insider directly owned 728,493 shares in the company, valued at approximately $11,903,575.62. This represents a 11.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 12.06% of the stock is currently owned by corporate insiders.

About Ivanhoe Electric

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.