Ivanhoe Electric Inc. (NYSEAMERICAN:IE) is Goehring & Rozencwajg Associates LLC’s 10th Largest Position

Goehring & Rozencwajg Associates LLC increased its holdings in shares of Ivanhoe Electric Inc. (NYSEAMERICAN:IE) by 13.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,631,239 shares of the company’s stock after acquiring an additional 199,400 shares during the period. Ivanhoe Electric comprises approximately 3.0% of Goehring & Rozencwajg Associates LLC’s portfolio, making the stock its 10th biggest holding. Goehring & Rozencwajg Associates LLC’s holdings in Ivanhoe Electric were worth $15,301,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Mak Capital One LLC grew its position in shares of Ivanhoe Electric by 30.2% during the fourth quarter. Mak Capital One LLC now owns 1,289,103 shares of the company’s stock worth $12,994,000 after purchasing an additional 299,018 shares in the last quarter. Tidal Investments LLC grew its holdings in Ivanhoe Electric by 432.6% during the 1st 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 in the last quarter. Bank of New York Mellon Corp grew its holdings in Ivanhoe Electric by 51.2% during the 2nd 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. Vanguard Group Inc. grew its holdings in Ivanhoe Electric by 6.7% during the 1st quarter. Vanguard Group Inc. now owns 682,580 shares of the company’s stock valued at $6,689,000 after buying an additional 42,843 shares in the last quarter. Finally, Capstone Investment Advisors LLC purchased a new position in Ivanhoe Electric during the 4th quarter valued at approximately $151,000. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Scotiabank cut their price target on Ivanhoe Electric from $14.50 to $14.00 and set a “sector outperform” rating for the company in a report on Monday, August 19th.

Ivanhoe Electric Stock Performance

NYSEAMERICAN IE opened at $7.39 on Thursday. The company has a market cap of $889.76 million, a price-to-earnings ratio of -6.91 and a beta of 0.81. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.66 and a quick ratio of 3.52. Ivanhoe Electric Inc. has a 1-year low of $6.31 and a 1-year high of $13.95.

Ivanhoe Electric (NYSEAMERICAN:IE) last announced its earnings results on Wednesday, August 7th. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.05). The company had revenue of $0.54 million during the quarter, compared to analysts’ expectations of $1.00 million. Ivanhoe Electric had a negative return on equity of 32.81% and a negative net margin of 4,142.17%. As a group, equities analysts anticipate that Ivanhoe Electric Inc. will post -1.32 EPS for the current year.

Ivanhoe Electric 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.