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

SG Americas Securities LLC raised its holdings in Ivanhoe Electric Inc. (NYSEAMERICAN:IE) by 162.5% during the third quarter, Holdings Channel reports. The institutional investor owned 52,688 shares of the company’s stock after buying 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.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Legal & General Group Plc boosted its position in shares of Ivanhoe Electric by 44.5% during the second quarter. Legal & General Group Plc now owns 1,759,911 shares of the company’s stock valued at $15,962,000 after buying an additional 541,719 shares during the last quarter. Kopernik Global Investors LLC lifted its stake in Ivanhoe Electric by 2.2% during the 2nd quarter. Kopernik Global Investors LLC now owns 3,412,561 shares of the company’s stock valued at $30,952,000 after acquiring an additional 72,376 shares in the last quarter. Formula Growth Ltd. boosted its holdings in Ivanhoe Electric by 187.8% during the 2nd quarter. Formula Growth Ltd. now owns 247,934 shares of the company’s stock worth $2,249,000 after acquiring an additional 161,774 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Ivanhoe Electric by 6.4% in the 2nd quarter. Geode Capital Management LLC now owns 2,077,062 shares of the company’s stock worth $18,841,000 after acquiring an additional 125,111 shares in the last quarter. Finally, Bosun Asset Management LLC purchased a new stake in shares of Ivanhoe Electric in the second quarter valued at about $1,039,000. 79.05% of the stock is owned by institutional investors.

Insider Transactions at Ivanhoe Electric

In other Ivanhoe Electric news, insider Quentin Markin sold 90,000 shares of the firm’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 sale, the insider directly owned 728,493 shares of the company’s stock, valued at $11,903,575.62. This trade represents a 11.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 12.06% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Raymond James Financial boosted their price target on shares of Ivanhoe Electric from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. JPMorgan Chase & Co. increased their price target on Ivanhoe Electric from $18.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, January 8th. Finally, Scotiabank reissued an “outperform” rating on shares of Ivanhoe Electric in a research report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $18.13.

Ivanhoe Electric Stock Down 0.2%

Ivanhoe Electric stock opened at $17.95 on Thursday. The firm has a 50 day moving average price of $15.22 and a 200-day moving average price of $12.71. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.08. Ivanhoe Electric Inc. has a twelve month low of $4.50 and a twelve month high of $18.70. The company has a market capitalization of $2.60 billion, a P/E ratio of -43.78 and a beta of 0.98.

Ivanhoe Electric 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.