Ivanhoe Electric Inc. (NYSEAMERICAN:IE – Get Free Report) insider Cassandra Pulskamp Joseph sold 4,664 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $13.20, for a total value of $61,564.80. Following the transaction, the insider owned 46,706 shares in the company, valued at approximately $616,519.20. The trade was a 9.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Cassandra Pulskamp Joseph also recently made the following trade(s):
- On Wednesday, February 25th, Cassandra Pulskamp Joseph sold 123,074 shares of Ivanhoe Electric stock. The stock was sold at an average price of $16.48, for a total value of $2,028,259.52.
Ivanhoe Electric Stock Performance
Shares of IE stock opened at $13.86 on Wednesday. The company has a market capitalization of $2.18 billion, a P/E ratio of -17.54 and a beta of 0.98. Ivanhoe Electric Inc. has a fifty-two week low of $4.50 and a fifty-two week high of $21.55. The stock has a 50 day moving average price of $16.89 and a two-hundred day moving average price of $14.30.
Key Ivanhoe Electric News
- 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. Read More.
- 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.
Analyst Upgrades and Downgrades
Separately, JPMorgan Chase & Co. increased their price target on shares of Ivanhoe Electric from $18.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $18.13.
Get Our Latest Research Report on Ivanhoe Electric
Institutional Investors Weigh In On Ivanhoe Electric
Institutional investors and hedge funds have recently bought and sold shares of the business. FNY Investment Advisers LLC bought a new stake in shares of Ivanhoe Electric in the 4th quarter worth approximately $56,000. Tower Research Capital LLC TRC raised its holdings in shares of Ivanhoe Electric by 146.0% during the second quarter. Tower Research Capital LLC TRC now owns 6,256 shares of the company’s stock valued at $57,000 after acquiring an additional 3,713 shares in the last quarter. BNP Paribas Financial Markets lifted its stake 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 acquiring an additional 2,449 shares during the period. IFP Advisors Inc lifted its stake in Ivanhoe Electric by 138.1% in the third quarter. IFP Advisors Inc now owns 6,408 shares of the company’s stock worth $83,000 after acquiring an additional 3,717 shares during the period. Finally, Comerica Bank boosted its holdings in Ivanhoe Electric by 352.3% in the third quarter. Comerica Bank now owns 6,997 shares of the company’s stock valued at $88,000 after acquiring an additional 5,450 shares in the last quarter. Hedge funds and other institutional investors own 79.05% of the company’s stock.
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.
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