Aigen Investment Management LP Buys New Shares in Ivanhoe Electric Inc. (NYSEAMERICAN:IE)

Aigen Investment Management LP purchased a new position in shares of Ivanhoe Electric Inc. (NYSEAMERICAN:IE) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 20,623 shares of the company’s stock, valued at approximately $174,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. nVerses Capital LLC acquired a new stake in shares of Ivanhoe Electric in the third quarter worth $33,000. MQS Management LLC purchased a new stake in Ivanhoe Electric in the first quarter valued at $100,000. Principal Financial Group Inc. acquired a new stake in Ivanhoe Electric during the 2nd quarter worth about $106,000. ProShare Advisors LLC raised its stake in shares of Ivanhoe Electric by 10.0% during the 1st quarter. ProShare Advisors LLC now owns 11,504 shares of the company’s stock valued at $113,000 after buying an additional 1,043 shares during the last quarter. Finally, Creative Planning lifted its holdings in shares of Ivanhoe Electric by 33.9% in the 3rd quarter. Creative Planning now owns 18,347 shares of the company’s stock valued at $155,000 after buying an additional 4,644 shares during the period. Institutional investors and hedge funds own 79.05% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on IE shares. Eight Capital upgraded Ivanhoe Electric to a “strong-buy” rating in a research report on Thursday, September 26th. Scotiabank dropped their price objective on shares of Ivanhoe Electric from $14.50 to $14.00 and set a “sector outperform” rating on the stock in a research note on Monday, August 19th.

Ivanhoe Electric Trading Down 6.0 %

Shares of Ivanhoe Electric stock opened at $9.46 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.50 and a quick ratio of 3.52. Ivanhoe Electric Inc. has a fifty-two week low of $6.31 and a fifty-two week high of $12.98. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of -5.95 and a beta of 0.73.

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.