Ivanhoe Electric Inc (AMEX: IE) is -10.87% lower on its value in year-to-date trading and has touched a low of $4.50 and a high of $12.13 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The IE stock was last observed hovering at around $9.75 in the last trading session, with the day’s loss setting it -0.16%.
Currently trading at $9.59, the stock is 9.31% and 25.10% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.72 million and changing -1.64% at the moment leaves the stock 25.92% off its SMA200. IE registered 27.02% gain for a year compared to 6-month loss of 20.03%. The firm has a 50-day simple moving average (SMA 50) of $7.666 and a 200-day simple moving average (SMA200) of $7.61585.
The stock witnessed a 20.93% gain in the last 1 month and extending the period to 3 months gives it a 85.49%, and is 6.32% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.60% over the week and 6.01% over the month.
Ivanhoe Electric Inc (IE) has around 240 employees, a market worth around $1.27B and $3.28M in sales. Profit margin for the company is -3163.19%. Distance from 52-week low is 113.11% and -20.94% from its 52-week high. The company has generated returns on investments over the last 12 months (-28.45%).
The EPS is expected to grow by 33.58% this year
196.0 institutions hold shares in Ivanhoe Electric Inc (IE), with institutional investors hold 99.78% of the company’s shares. The shares outstanding are 132.60M, and float is at 83.99M with Short Float at 12.27%. Institutions hold 65.45% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 13.59 million shares valued at $127.48 million. The investor’s holdings represent 11.2938 of the IE Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 11.62 million shares valued at $108.95 million to account for 9.6524 of the shares outstanding. The other top investors are PRICE T ROWE ASSOCIATES INC /MD/ which holds 6.68 million shares representing 5.5547 and valued at over $62.7 million, while SAILINGSTONE CAPITAL PARTNERS LLC holds 3.9263 of the shares totaling 4.72 million with a market value of $44.32 million.
Ivanhoe Electric Inc (IE) Insider Activity
The most recent transaction is an insider purchase by Melvin Joseph Taylor, the company’s President and CEO. SEC filings show that Melvin Joseph Taylor bought 50,000 shares of the company’s common stock on Mar 07 ’25 at a price of $5.76 per share for a total of $0.29 million. Following the purchase, the insider now owns 0.73 million shares.
Ivanhoe Electric Inc disclosed in a document filed with the SEC on Mar 06 ’25 that Boyd Graham Richard Thomas (Senior VP, Exploration) bought a total of 5,000 shares of the company’s common stock. The trade occurred on Mar 06 ’25 and was made at $5.83 per share for $29150.0. Following the transaction, the insider now directly holds 11510.0 shares of the IE stock.
Still, SEC filings show that on Mar 06 ’25, Neeser Jordan (Chief Financial Officer) acquired 7,500 shares at an average price of $5.92 for $44400.0. The insider now directly holds 47,500 shares of Ivanhoe Electric Inc (IE).
