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

Ivanhoe Electric (TSE:IE) had its price objective increased by research analysts at National Bankshares from C$26.50 to C$33.00 in a report released on Thursday,BayStreet.CA reports. National Bankshares’ price objective indicates a potential upside of 22.27% from the stock’s current price.

A number of other research firms have also issued reports on IE. Scotiabank increased their price target on shares of Ivanhoe Electric from C$18.00 to C$22.50 and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Jefferies Financial Group raised shares of Ivanhoe Electric to a “strong-buy” rating in a research note on Monday, October 6th. Finally, Raymond James Financial raised shares of Ivanhoe Electric to a “moderate buy” rating in a research note on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$27.75.

Ivanhoe Electric Price Performance

Shares of TSE IE traded up C$0.69 during trading on Thursday, hitting C$26.99. The company had a trading volume of 48,383 shares, compared to its average volume of 23,712. Ivanhoe Electric has a 52 week low of C$6.45 and a 52 week high of C$28.81. The business’s 50-day moving average is C$21.94 and its 200 day moving average is C$18.01. The company has a market cap of C$3.91 billion, a P/E ratio of -65.83 and a beta of 1.77. The company has a debt-to-equity ratio of 34.05, a quick ratio of 8.83 and a current ratio of 2.50.

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

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.