90,000 Shares in Ivanhoe Electric Inc. $IE Acquired by Militia Capital Partners LP

Militia Capital Partners LP acquired a new stake in Ivanhoe Electric Inc. (NYSEAMERICAN:IE) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 90,000 shares of the company’s stock, valued at approximately $1,130,000. Militia Capital Partners LP owned approximately 0.06% of Ivanhoe Electric at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Geode Capital Management LLC increased its holdings in shares of Ivanhoe Electric by 6.4% in the 2nd quarter. Geode Capital Management LLC now owns 2,077,062 shares of the company’s stock worth $18,841,000 after purchasing an additional 125,111 shares in the last quarter. Police & Firemen s Retirement System of New Jersey boosted its holdings in shares of Ivanhoe Electric by 22.7% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 20,628 shares of the company’s stock valued at $187,000 after acquiring an additional 3,822 shares during the last quarter. Primecap Management Co. CA grew its position in Ivanhoe Electric by 229.9% in the 2nd quarter. Primecap Management Co. CA now owns 1,574,884 shares of the company’s stock worth $14,284,000 after purchasing an additional 1,097,484 shares during the period. Swiss National Bank raised its stake in Ivanhoe Electric by 7.0% during the 2nd quarter. Swiss National Bank now owns 164,600 shares of the company’s stock valued at $1,493,000 after buying an additional 10,700 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Ivanhoe Electric by 24.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 89,686 shares of the company’s stock valued at $813,000 after buying an additional 17,896 shares during the period. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. raised their target price on Ivanhoe Electric from $18.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $18.13.

Insiders Place Their Bets

In related news, CEO Joseph Taylor Melvin sold 6,808 shares of the business’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 transaction of $89,865.60. Following the completion of the transaction, the chief executive officer directly owned 626,110 shares in the company, valued at approximately $8,264,652. The trade was a 1.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Cassandra Pulskamp Joseph sold 4,664 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $13.20, for a total transaction of $61,564.80. Following the completion of the sale, the insider directly owned 46,706 shares of the company’s stock, valued at $616,519.20. This represents a 9.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 273,912 shares of company stock valued at $4,301,921. 12.06% of the stock is currently owned by corporate insiders.

Ivanhoe Electric Stock Performance

Shares of Ivanhoe Electric stock opened at $12.58 on Tuesday. Ivanhoe Electric Inc. has a one year low of $4.50 and a one year high of $21.55. The stock’s fifty day moving average is $16.64 and its 200 day moving average is $14.41. The stock has a market cap of $1.98 billion, a P/E ratio of -15.92 and a beta of 0.97.

Ivanhoe Electric 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.