State Street Corp Has $27.13 Million Stock Holdings in Ivanhoe Electric Inc. (NYSEAMERICAN:IE)

State Street Corp lifted its holdings in Ivanhoe Electric Inc. (NYSEAMERICAN:IE) by 94.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,207,117 shares of the company’s stock after buying an additional 1,558,467 shares during the quarter. State Street Corp’s holdings in Ivanhoe Electric were worth $27,132,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in IE. Raffles Associates LP boosted its position in Ivanhoe Electric by 70.0% in the 3rd quarter. Raffles Associates LP now owns 1,111,077 shares of the company’s stock valued at $9,400,000 after buying an additional 457,479 shares during the last quarter. Mak Capital One LLC lifted its stake in shares of Ivanhoe Electric by 21.6% during the second quarter. Mak Capital One LLC now owns 1,780,872 shares of the company’s stock valued at $16,705,000 after acquiring an additional 316,903 shares during the period. Goehring & Rozencwajg Associates LLC boosted its holdings in Ivanhoe Electric by 13.9% in the second quarter. Goehring & Rozencwajg Associates LLC now owns 1,631,239 shares of the company’s stock valued at $15,301,000 after acquiring an additional 199,400 shares during the last quarter. PDT Partners LLC acquired a new stake in Ivanhoe Electric in the third quarter worth about $1,122,000. Finally, Old West Investment Management LLC raised its holdings in Ivanhoe Electric by 62.9% during the 3rd quarter. Old West Investment Management LLC now owns 259,597 shares of the company’s stock worth $2,196,000 after purchasing an additional 100,265 shares during the last quarter. Institutional investors and hedge funds own 79.05% of the company’s stock.

Ivanhoe Electric Stock Up 4.5 %

IE opened at $7.23 on Monday. The firm has a market cap of $870.93 million, a price-to-earnings ratio of -4.55 and a beta of 0.66. Ivanhoe Electric Inc. has a 52 week low of $6.31 and a 52 week high of $12.98. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.50 and a quick ratio of 2.50.

Wall Street Analysts Forecast Growth

Separately, Eight Capital raised shares of Ivanhoe Electric to a “strong-buy” rating in a research note on Thursday, September 26th.

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.