Insider Selling: Ivanhoe Electric Inc. (NYSEAMERICAN:IE) Major Shareholder Sells 3,333,328.00 in Stock

Ivanhoe Electric Inc. (NYSEAMERICAN:IEGet Rating) major shareholder I-Pulse Inc. sold 416,666 shares of the company’s stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of 8.00, for a total value of 3,333,328.00. Following the completion of the transaction, the insider now owns 9,755,495 shares in the company, valued at approximately 78,043,960. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

I-Pulse Inc. also recently made the following trade(s):

  • On Friday, September 16th, I-Pulse Inc. sold 833,332 shares of Ivanhoe Electric stock. The shares were sold at an average price of 8.00, for a total value of 6,666,656.00.

Ivanhoe Electric Trading Up 4.9 %

Shares of NYSEAMERICAN IE opened at 8.86 on Friday. Ivanhoe Electric Inc. has a 52 week low of 7.01 and a 52 week high of 12.04.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on Ivanhoe Electric in a report on Thursday, August 18th. They issued a “neutral” rating and a $12.00 target price on the stock. BMO Capital Markets assumed coverage on Ivanhoe Electric in a report on Monday, July 25th. They issued an “outperform” rating and a $15.00 target price on the stock. Finally, Jefferies Financial Group started coverage on Ivanhoe Electric in a report on Monday, July 25th. They issued a “buy” rating and a $13.50 target price on the stock.

Institutional Investors Weigh In On Ivanhoe Electric

Several large investors have recently made changes to their positions in the company. UBS Group AG bought a new stake in Ivanhoe Electric during the second quarter worth approximately $26,000. Citadel Advisors LLC bought a new stake in Ivanhoe Electric during the second quarter worth approximately $117,000. Virtu Financial LLC bought a new stake in Ivanhoe Electric during the second quarter worth approximately $128,000. Jane Street Group LLC bought a new stake in Ivanhoe Electric during the second quarter worth approximately $162,000. Finally, Federated Hermes Inc. bought a new stake in Ivanhoe Electric during the second quarter worth approximately $261,000. Institutional investors own 35.34% of the company’s stock.

About Ivanhoe Electric

(Get Rating)

Ivanhoe Electric Inc operates as a mineral exploration and development company in the United States. It operates through Critical Metals, Technology, and Energy Storage. The company holds 84.6% interests in the Tintic copper-gold project covering an area of 65 square kilometers located in Utah. It also holds an option to acquire a 100% interest in the Santa Cruz copper project covering an area of 77.59 square kilometers located in Arizona; 75% interest in the Hog Heaven silver-gold-copper project covering an area of 24.2 square kilometers located in Montana; and 60% interest in the Ivory Coast project covering an area of 1,125 square kilometers located in the Ivory Coast.

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