Ivanhoe Electric (NYSEAMERICAN:IE) CFO Jordan Neeser Sells 17,123 Shares of Stock

Ivanhoe Electric Inc. (NYSEAMERICAN:IE) CFO Jordan Neeser sold 17,123 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $13.20, for a total value of $226,023.60. Following the transaction, the chief financial officer directly owned 84,247 shares in the company, valued at $1,112,060.40. This represents a 16.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Ivanhoe Electric Stock Performance

Ivanhoe Electric stock opened at $13.28 on Tuesday. The stock has a market cap of $2.09 billion, a PE ratio of -16.81 and a beta of 0.97. The stock has a 50-day moving average of $16.93 and a two-hundred day moving average of $14.27. Ivanhoe Electric Inc. has a one year low of $4.50 and a one year high of $21.55.

Institutional Investors Weigh In On Ivanhoe Electric

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its holdings in Ivanhoe Electric by 114.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,671,551 shares of the company’s stock worth $202,493,000 after buying an additional 6,761,857 shares in the last quarter. Alyeska Investment Group L.P. raised its position in shares of Ivanhoe Electric by 259.5% in the fourth quarter. Alyeska Investment Group L.P. now owns 7,552,332 shares of the company’s stock worth $120,686,000 after acquiring an additional 5,451,646 shares during the period. Wellington Management Group LLP raised its position in shares of Ivanhoe Electric by 308.8% in the fourth quarter. Wellington Management Group LLP now owns 2,972,226 shares of the company’s stock worth $47,496,000 after acquiring an additional 2,245,110 shares during the period. FIL Ltd purchased a new stake in shares of Ivanhoe Electric during the 4th quarter worth about $23,970,000. Finally, Potrero Capital Research LLC acquired a new stake in shares of Ivanhoe Electric during the 3rd quarter valued at about $17,381,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

More Ivanhoe Electric News

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

• Negative Sentiment: Several senior insiders — including the CFO (Jordan Neeser), SVP (Glen Kuntz), a VP (Graham Boyd), another VP (Stephani Terhorst), the CEO (Joseph Melvin) and an insider Cassandra Pulskamp Joseph — sold a combined ~60,838 shares for roughly $803,000 at about $13.20 per share on March 6. The sales reduced multiple officers’ stakes (several by double-digit percentages). SEC filing (example)
• Negative Sentiment: Specific insider filings: Graham Richard Thomas Boyd sold 11,147 shares for $147,140.40 (SEC filing). SEC filing
• Negative Sentiment: Cassandra Pulskamp Joseph sold 4,664 shares for $61,564.80 (SEC filing). SEC filing
• Negative Sentiment: CEO Joseph Taylor Melvin sold 6,808 shares for $89,865.60 (SEC filing). SEC filing
• Negative Sentiment: VP Stephani Terhorst sold 6,233 shares for $82,275.60 — a ~33% reduction in her holding (SEC filing). SEC filing
• Negative Sentiment: CFO Jordan Neeser sold 17,123 shares for $226,023.60, reducing his stake by ~16.9% (SEC filing). SEC filing
• Negative Sentiment: SVP Glen Nickolas Kuntz sold 14,863 shares for $196,191.60, cutting his position by ~31% (SEC filing). SEC filing
• Negative Sentiment: Traders bought a large volume of put options on IE, indicating increased hedging or bearish bets in the options market. This can amplify downside pressure if it reflects broader short interest or hedging flows. American Banking News article

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lifted their target price on shares of Ivanhoe Electric from $18.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price 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.