Charles Schwab Investment Management Inc. Increases Stock Position in Ivanhoe Electric Inc. (NYSEAMERICAN:IE)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Ivanhoe Electric Inc. (NYSEAMERICAN:IE) by 1.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 702,871 shares of the company’s stock after acquiring an additional 8,023 shares during the period. Charles Schwab Investment Management Inc. owned 0.58% of Ivanhoe Electric worth $5,946,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Goehring & Rozencwajg Associates LLC raised its stake in shares of Ivanhoe Electric by 13.9% during the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 1,631,239 shares of the company’s stock worth $15,301,000 after buying an additional 199,400 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of Ivanhoe Electric during the 3rd quarter worth $162,000. SG Americas Securities LLC acquired a new position in shares of Ivanhoe Electric during the 3rd quarter worth $431,000. Bank of New York Mellon Corp raised its stake in shares of 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 worth $2,746,000 after buying an additional 99,106 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Ivanhoe Electric by 6.7% during the 1st quarter. Vanguard Group Inc. now owns 682,580 shares of the company’s stock worth $6,689,000 after buying an additional 42,843 shares during the last quarter. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Scotiabank decreased their target price 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. Eight Capital upgraded Ivanhoe Electric to a “strong-buy” rating in a report on Thursday, September 26th.

Ivanhoe Electric Stock Down 3.5 %

Shares of NYSEAMERICAN IE opened at $8.21 on Friday. Ivanhoe Electric Inc. has a 12 month low of $6.31 and a 12 month high of $12.98. The firm has a market cap of $988.98 million, a PE ratio of -5.16 and a beta of 0.66. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.50 and a quick ratio of 2.50.

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.