It would be worthwhile to take a closer look at Ivanhoe Electric Inc (IE)

While Ivanhoe Electric Inc has overperformed by 2.56%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, IE fell by -32.68%, with highs and lows ranging from $16.75 to $8.02, whereas the simple moving average fell by -26.13% in the last 200 days.

On October 17, 2023, JP Morgan started tracking Ivanhoe Electric Inc (AMEX: IE) recommending Overweight.

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Analysis of Ivanhoe Electric Inc (IE)

Further, the quarter-over-quarter decrease in sales is -79.76%, showing a negative trend in the upcoming months.

Ivanhoe Electric Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -60.70% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 4.10, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.

The average volume for any stock is also a very valuable indicator of volatility, and IE has an average volume of 415.34K. On a monthly basis, the volatility of the stock is set at 4.74%, whereas on a weekly basis, it is put at 5.49%, with a gain of 11.47% over the past seven days. Furthermore, long-term investors anticipate a median target price of $17.10, showing growth from the present price of $9.23, which can serve as yet another indication of whether IE is worth investing in or should be passed over.

How Do You Analyze Ivanhoe Electric Inc Shares?

In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 40.66%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 51.75% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.

Are institutional investors increasing their holdings in IE shares?

The recent increase in stakes in IE appears to be a result of several institutional investors and hedge funds increasing their positions. Fidelity Management & Research Co’s position in IE has increased by 19.39% in the first quarter. The company now owns 9,496,456 shares of the stock, with a value of $95.72 million, following the purchase of 1,542,574 additional shares during the last quarter. BlackRock Investment Management made another increased to its shares in IE during the first quarter, upping its stake by 23.27%. During the last quarter, the company picked up 1,426,025 additional shares for a total stake of worth $76.15 million, bringing number of shares owned by the company to 7,554,913.

During the first quarter, T. Rowe Price Associates, Inc. added a 4,609,906 position in IE. SailingStone Capital Partners LLC purchased an additional 1.16 million shares in the last quarter, increasing its holdings by 24.38%, now holding 5.93 million shares worth $59.78 million. At the end of the first quarter, Invesco Advisers, Inc. increased its IE holdings by 9.19% and now holds 3.29 million IE shares valued at $33.12 million with the added 0.28 million shares during the period. IE shares are owned by institutional investors to the tune of 51.75% at present.

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