Ivanhoe Electric (TSE:IE) Price Target Raised to C$33.00

Ivanhoe Electric (TSE:IE) had its price objective increased by National Bankshares from C$26.50 to C$33.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports.

Several other equities analysts have also commented on IE. Jefferies Financial Group raised Ivanhoe Electric to a “strong-buy” rating in a research report on Monday, October 6th. Raymond James Financial upgraded shares of Ivanhoe Electric to a “moderate buy” rating in a research note on Thursday, October 9th. Finally, Scotiabank upped their target price on shares of Ivanhoe Electric from C$18.00 to C$22.50 and gave the company an “outperform” rating in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$27.75.

Ivanhoe Electric Stock Down 13.9%

Shares of TSE IE opened at C$23.32 on Thursday. Ivanhoe Electric has a 12-month low of C$6.45 and a 12-month high of C$28.81. The company has a market cap of C$3.37 billion, a P/E ratio of -56.88 and a beta of 1.77. The company has a current ratio of 2.50, a quick ratio of 8.83 and a debt-to-equity ratio of 34.05. The stock has a fifty day moving average price of C$22.28 and a 200 day moving average price of C$18.17.

Ivanhoe Electric (TSE:IE) last issued its quarterly earnings data on Wednesday, November 5th. The company reported C$0.13 EPS for the quarter. Ivanhoe Electric had a negative return on equity of 61.91% and a negative net margin of 5,947.22%.The company had revenue of C$0.76 million for the quarter.

About Ivanhoe Electric

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.