Barclays PLC Grows Stock Holdings in Ivanhoe Electric Inc. (NYSEAMERICAN:IE)

Barclays PLC grew its stake in shares of Ivanhoe Electric Inc. (NYSEAMERICAN:IE) by 358.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 135,903 shares of the company’s stock after acquiring an additional 106,288 shares during the period. Barclays PLC owned about 0.11% of Ivanhoe Electric worth $1,150,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. The Manufacturers Life Insurance Company grew its holdings in Ivanhoe Electric by 0.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 128,365 shares of the company’s stock worth $1,086,000 after acquiring an additional 1,165 shares in the last quarter. Old West Investment Management LLC boosted its stake in shares of Ivanhoe Electric by 2.2% during the second quarter. Old West Investment Management LLC now owns 159,332 shares of the company’s stock valued at $1,495,000 after purchasing an additional 3,369 shares in the last quarter. Avior Wealth Management LLC bought a new position in shares of Ivanhoe Electric during the third quarter valued at approximately $32,000. nVerses Capital LLC purchased a new position in Ivanhoe Electric during the third quarter valued at approximately $33,000. Finally, Creative Planning raised its stake in Ivanhoe Electric by 33.9% in the third quarter. Creative Planning now owns 18,347 shares of the company’s stock worth $155,000 after buying an additional 4,644 shares in the last quarter. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Ivanhoe Electric Trading Down 1.8 %

Shares of NYSEAMERICAN:IE opened at $7.80 on Monday. Ivanhoe Electric Inc. has a twelve month low of $6.31 and a twelve month high of $12.98. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.50 and a current ratio of 2.50. The company has a market capitalization of $939.59 million, a P/E ratio of -4.91 and a beta of 0.66.

Analysts Set New Price Targets

Separately, Eight Capital raised shares of Ivanhoe Electric to a “strong-buy” rating in a research report on Thursday, September 26th.

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.