Graham Richard Thomas Boyd Sells 11,147 Shares of Ivanhoe Electric (NYSEAMERICAN:IE) Stock

Ivanhoe Electric Inc. (NYSEAMERICAN:IE) VP Graham Richard Thomas Boyd sold 11,147 shares of the firm’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $13.20, for a total transaction of $147,140.40. Following the completion of the transaction, the vice president directly owned 183,079 shares of the company’s stock, valued at approximately $2,416,642.80. This trade represents a 5.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Ivanhoe Electric Stock Performance

Shares of IE opened at $13.86 on Wednesday. The stock has a market capitalization of $2.18 billion, a PE ratio of -17.54 and a beta of 0.98. The company’s fifty day moving average is $16.89 and its 200 day moving average is $14.30. Ivanhoe Electric Inc. has a fifty-two week low of $4.50 and a fifty-two week high of $21.55.

Ivanhoe Electric News Roundup

Here are the key news stories impacting Ivanhoe Electric this week:

• Positive Sentiment: Short interest fell ~14.6% in February to ~8.29M shares (≈6.0% of shares sold short), leaving a short-interest ratio of ~4.9 days — less immediate short-squeeze/short-pressure risk.
• Positive Sentiment: JPMorgan raised its price target to $22 and gave an “overweight” rating earlier this year — an analyst upgrade that supports bullish investor sentiment.
• Neutral Sentiment: Large institutional accumulation reported in recent quarters (Invesco, Wellington, Voloridge among others increased positions), increasing institutional ownership to roughly 79% — this can support liquidity and stability but also concentrates sell-side risk.
• Negative Sentiment: Cluster of insider sales on March 6: multiple senior officers sold a combined ~60,800 shares for roughly $800k at ~ $13.20 — including the CFO, SVP, CEO and several VPs. Significant insider selling can be read negatively by the market. Read More.
• Negative Sentiment: Specific insider trades: CFO Jordan Neeser sold 17,123 shares; SVP Glen Kuntz sold 14,863; VP Graham Boyd sold 11,147; CEO Joseph Melvin sold 6,808; VP Stephani Terhorst sold 6,233; Cassandra Pulskamp Joseph sold 4,664 (also disclosed earlier large February sales). These are material reductions in several officers’ holdings. Read More.
• Negative Sentiment: Options flow: a large volume of put purchases was reported, signaling increased hedging or outright bearish bets in the options market — this can amplify near-term downside if sustained. Read More.

Hedge Funds Weigh In On Ivanhoe Electric

A number of institutional investors and hedge funds have recently modified their holdings of the stock. FNY Investment Advisers LLC bought a new position in shares of Ivanhoe Electric during the 4th quarter valued at approximately $56,000. Tower Research Capital LLC TRC lifted its position in Ivanhoe Electric by 146.0% in the second quarter. Tower Research Capital LLC TRC now owns 6,256 shares of the company’s stock worth $57,000 after buying an additional 3,713 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Ivanhoe Electric by 43.6% in the second quarter. BNP Paribas Financial Markets now owns 8,063 shares of the company’s stock worth $73,000 after buying an additional 2,449 shares during the last quarter. IFP Advisors Inc boosted its stake in Ivanhoe Electric by 138.1% during the third quarter. IFP Advisors Inc now owns 6,408 shares of the company’s stock worth $83,000 after buying an additional 3,717 shares during the period. Finally, Comerica Bank boosted its stake in Ivanhoe Electric by 352.3% during the third quarter. Comerica Bank now owns 6,997 shares of the company’s stock worth $88,000 after buying an additional 5,450 shares during the period. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. boosted their target price on shares of Ivanhoe Electric from $18.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. Based on data from MarketBeat, Ivanhoe Electric currently has an average rating of “Buy” and an average price target of $18.13.

About Ivanhoe Electric

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.