Ivanhoe Electric Inc. (NYSEAMERICAN:IE) Shares Acquired by U S Global Investors Inc.

U S Global Investors Inc. grew its holdings in Ivanhoe Electric Inc. (NYSEAMERICAN:IE) by 30.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,000 shares of the company’s stock after purchasing an additional 9,404 shares during the period. U S Global Investors Inc.’s holdings in Ivanhoe Electric were worth $338,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. ProShare Advisors LLC raised its holdings 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 acquiring an additional 1,043 shares in the last quarter. Capstone Investment Advisors LLC raised its holdings in Ivanhoe Electric by 9.0% in the first quarter. Capstone Investment Advisors LLC now owns 16,350 shares of the company’s stock valued at $160,000 after acquiring an additional 1,350 shares in the last quarter. Old West Investment Management LLC increased its stake in Ivanhoe Electric by 2.2% in the second 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 during the last quarter. nVerses Capital LLC purchased a new position in Ivanhoe Electric in the third quarter valued at approximately $33,000. Finally, Sei Investments Co. increased its stake in Ivanhoe Electric by 11.5% in the first quarter. Sei Investments Co. now owns 44,849 shares of the company’s stock valued at $440,000 after purchasing an additional 4,610 shares during the last quarter. Institutional investors and hedge funds own 79.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Scotiabank lowered their target price 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 report on Thursday, September 26th.

Ivanhoe Electric Stock Up 2.1 %

Shares of NYSEAMERICAN:IE traded up $0.21 during trading on Tuesday, reaching $10.24. 9,447 shares of the stock were exchanged, compared to its average volume of 669,404. The stock has a market capitalization of $1.23 billion, a P/E ratio of -9.60 and a beta of 0.82. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.52 and a current ratio of 3.66. Ivanhoe Electric Inc. has a 12-month low of $6.31 and a 12-month high of $12.98.

Ivanhoe Electric (NYSEAMERICAN:IE) last announced its earnings results on Wednesday, August 7th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.05). Ivanhoe Electric had a negative net margin of 4,142.17% and a negative return on equity of 32.81%. The business had revenue of $0.54 million during the quarter, compared to analyst estimates of $1.00 million. Equities analysts forecast that Ivanhoe Electric Inc. will post -1.39 earnings per share for the current year.

Ivanhoe Electric Company Profile

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.