Avior Wealth Management LLC Takes Position in Ivanhoe Electric Inc. (NYSEAMERICAN:IE)

Avior Wealth Management LLC purchased a new position in Ivanhoe Electric Inc. (NYSEAMERICAN:IE) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 3,751 shares of the company’s stock, valued at approximately $32,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IE. Mak Capital One LLC raised its holdings in Ivanhoe Electric by 21.6% in 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 in the last quarter. Goehring & Rozencwajg Associates LLC lifted its position in shares of Ivanhoe Electric by 13.9% during the second quarter. Goehring & Rozencwajg Associates LLC now owns 1,631,239 shares of the company’s stock worth $15,301,000 after purchasing an additional 199,400 shares during the last quarter. Vanguard Group Inc. grew its stake in Ivanhoe Electric by 6.7% in the first quarter. Vanguard Group Inc. now owns 682,580 shares of the company’s stock worth $6,689,000 after purchasing an additional 42,843 shares in the last quarter. Tidal Investments LLC increased its holdings in Ivanhoe Electric by 432.6% in the first quarter. Tidal Investments LLC now owns 300,825 shares of the company’s stock valued at $2,948,000 after buying an additional 244,341 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Ivanhoe Electric by 51.2% during the second quarter. Bank of New York Mellon Corp now owns 292,746 shares of the company’s stock valued at $2,746,000 after buying an additional 99,106 shares in the last quarter. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Wall Street Analyst Weigh In

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

Ivanhoe Electric Trading Down 0.9 %

IE opened at $9.51 on Tuesday. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.26. Ivanhoe Electric Inc. has a fifty-two week low of $6.31 and a fifty-two week high of $12.98. The stock has a market cap of $1.14 billion, a P/E ratio of -5.96 and a beta of 0.73.

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.