Stephani Terhorst Sells 6,233 Shares of Ivanhoe Electric (NYSEAMERICAN:IE) Stock

Ivanhoe Electric Inc. (NYSEAMERICAN:IE) VP Stephani Terhorst sold 6,233 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $13.20, for a total value of $82,275.60. Following the completion of the sale, the vice president owned 12,466 shares of the company’s stock, valued at approximately $164,551.20. This trade represents a 33.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Ivanhoe Electric Price Performance

Ivanhoe Electric stock traded up $0.15 during mid-day trading on Monday, reaching $13.28. 2,247,970 shares of the company were exchanged, compared to its average volume of 1,959,510. The firm has a market cap of $2.09 billion, a PE ratio of -16.81 and a beta of 0.97. The company has a fifty day simple moving average of $16.99 and a 200-day simple moving average of $14.24. Ivanhoe Electric Inc. has a 12 month low of $4.50 and a 12 month high of $21.55.

Ivanhoe Electric News Summary

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

• Neutral Sentiment: Market context — Intraday volume is above average and the stock is trading below its 50-day moving average ($16.99) and near/under its 200-day average ($14.24). One-year range is $4.50–$21.55; market cap roughly $2.09B. This is background context for interpreting the following disclosures.
• Negative Sentiment: Multiple senior executives sold shares on March 6 — sizable insider disposals were reported for CEO Joseph Taylor Melvin (6,808 shares), CFO Jordan Neeser (17,123), VP Graham Richard Thomas Boyd (11,147), SVP Glen Nickolas Kuntz (14,863), VP Stephani Terhorst (6,233) and insider Cassandra Pulskamp Joseph (4,664). All sales were at an average price of $13.20 and represent material percentage reductions in several officers’ positions. These filings can be reviewed on the SEC: Read More., Read More., Read More., Read More., Read More., Read More..
• Negative Sentiment: Options activity shows bearish positioning — a recent report notes traders bought a large volume of put options on IE, indicating market participants are taking downside bets or hedging exposure. Article: Read More.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in IE. FNY Investment Advisers LLC acquired a new position in Ivanhoe Electric during the fourth quarter valued at approximately $56,000. Tower Research Capital LLC TRC boosted its holdings in shares of Ivanhoe Electric by 146.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,256 shares of the company’s stock valued at $57,000 after purchasing an additional 3,713 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Ivanhoe Electric by 43.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 8,063 shares of the company’s stock valued at $73,000 after purchasing an additional 2,449 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Ivanhoe Electric by 138.1% in the 3rd quarter. IFP Advisors Inc now owns 6,408 shares of the company’s stock valued at $83,000 after purchasing an additional 3,717 shares during the last quarter. Finally, Comerica Bank raised its holdings in shares of Ivanhoe Electric by 352.3% during the 3rd quarter. Comerica Bank now owns 6,997 shares of the company’s stock worth $88,000 after buying an additional 5,450 shares in the last quarter. 79.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. boosted their price target on Ivanhoe Electric from $18.00 to $22.00 and gave the company an “overweight” rating in a research note 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 company. According to MarketBeat.com, Ivanhoe Electric currently has an average rating of “Buy” and a consensus price target of $18.13.

Ivanhoe Electric Company Profile

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.