Ivanhoe Electric Inc. (TSE:IE – Get Free Report) reached a new 52-week low during mid-day trading on Thursday. The company traded as low as C$9.89 and last traded at C$9.99, with a volume of 28,584 shares. The stock had previously closed at C$10.78.
Analysts Set New Price Targets
A number of brokerages recently commented on IE. Raymond James Financial dropped their price objective on shares of Ivanhoe Electric from C$21.00 to C$20.00 and set an “outperform” rating on the stock in a report on Thursday, September 24th. National Bank Financial reduced their target price on shares of Ivanhoe Electric from C$30.00 to C$27.00 and set an “outperform” rating for the company in a research note on Tuesday, July 14th. Two equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Ivanhoe Electric has an average rating of “Buy” and an average price target of C$23.50.
Read Our Latest Report on Ivanhoe Electric
Ivanhoe Electric Price Performance
The company has a debt-to-equity ratio of 6.97, a current ratio of 5.05 and a quick ratio of 8.83. The company’s 50-day simple moving average is C$13.42 and its 200-day simple moving average is C$16.63. The stock has a market capitalization of C$1.57 billion, a P/E ratio of -37.85 and a beta of 2.45.
Ivanhoe Electric Company Profile
We are a United States domiciled minerals exploration company with a focus on developing mines from mineral deposits principally located in the United States. We seek to support American supply chain independence by finding and delivering copper and other critical metals vital to advanced manufacturing, infrastructure development, technology, and national security. We use our powerful Typhoon¿ geophysical surveying system, together with advanced data analytics provided by our 94.3% owned subsidiary, Computational Geosciences Inc (“CGI”), to accelerate and de-risk the mineral exploration process as we seek to discover new deposits of critical metals that may otherwise be undetectable by traditional exploration technologies.
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