Geode Capital Management LLC Lowers Holdings in Ivanhoe Electric Inc. (NYSEAMERICAN:IE)

Geode Capital Management LLC lowered its position in shares of Ivanhoe Electric Inc. (NYSEAMERICAN:IE) by 0.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,827,762 shares of the company’s stock after selling 2,721 shares during the quarter. Geode Capital Management LLC owned 1.52% of Ivanhoe Electric worth $15,466,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted 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 acquiring an additional 99,106 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Ivanhoe Electric in the second quarter valued at about $106,000. Rhumbline Advisers raised its position in shares of Ivanhoe Electric by 34.8% during the 2nd quarter. Rhumbline Advisers now owns 104,179 shares of the company’s stock worth $977,000 after purchasing an additional 26,909 shares during the last quarter. Old West Investment Management LLC lifted its stake in Ivanhoe Electric by 2.2% in the 2nd quarter. Old West Investment Management LLC now owns 159,332 shares of the company’s stock valued at $1,495,000 after buying an additional 3,369 shares in the last quarter. Finally, Goehring & Rozencwajg Associates LLC grew its holdings in Ivanhoe Electric by 13.9% during the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 1,631,239 shares of the company’s stock valued at $15,301,000 after buying an additional 199,400 shares during the last quarter. Institutional investors and hedge funds own 79.05% of the company’s stock.

Analyst Upgrades and Downgrades

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

Ivanhoe Electric Trading Down 1.8 %

Shares of IE opened at $7.80 on Monday. Ivanhoe Electric Inc. has a 52 week low of $6.31 and a 52 week high of $12.98. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $939.59 million, a PE ratio of -4.91 and a beta of 0.66.

Ivanhoe Electric Company 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.