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Investing in Ivanhoe Electric Inc (IE): What You Must Know

In a filing, Ivanhoe Electric Inc revealed its SVP, Mine Development Kuntz Glen Nickolas acquired Company’s shares for reported $11045.0 on Mar 06 ’24. In the deal valued at $8.23 per share,1,342 shares were bought. As a result of this transaction, Kuntz Glen Nickolas now holds 3,042 shares worth roughly $30724.2.

Then, Markin Quentin bought 20,000 shares, generating $149,000 in total proceeds. Upon buying the shares at $7.45, the insider now owns 69,950 shares.

Before that, Boyd Graham Richard Thomas bought 4,000 shares. Ivanhoe Electric Inc shares valued at $29,760 were divested by the Senior VP, Exploration at a price of $7.44 per share. As a result of the transaction, Boyd Graham Richard Thomas now holds 6,510 shares, worth roughly $65751.0.

JP Morgan initiated its Ivanhoe Electric Inc [IE] rating to an Overweight in a research note published on October 17, 2023; the price target was $18. A number of analysts have revised their coverage, including Scotiabank’s analysts, who began to cover the stock in late December with a ‘”a Sector perform”‘ rating. Raymond James began covering IE with “an Outperform” recommendation on September 28, 2022. JP Morgan started covering the stock on August 18, 2022. It rated IE as “a Neutral”.

Price Performance Review of IE

On Tuesday, Ivanhoe Electric Inc [AMEX:IE] saw its stock fall -9.74% to $10.10. Over the last five days, the stock has gained 3.80%. Ivanhoe Electric Inc shares have risen nearly 0.20% since the year began. Nevertheless, the stocks have fallen -15.20% over the past one year. While a 52-week high of $16.75 was reached on 04/29/24, a 52-week low of $7.29 was recorded on 02/29/24. SMA at 50 days reached $9.23, while 200 days put it at $11.16. A total of 0.55 million shares were traded, compared to the trading of 0.76 million shares in the previous session.

Levels Of Support And Resistance For IE Stock

The 24-hour chart illustrates a support level at 9.79, which if violated will result in even more drops to 9.47. On the upside, there is a resistance level at 10.63. A further resistance level may holdings at 11.15. The Relative Strength Index (RSI) on the 14-day chart is 51.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.58%. Stochastics %K at 71.82% indicates the stock is a holding.

The most recent change occurred on July 25, 2022 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $13.50 price target.

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