Ivanhoe Electric (TSE:IE) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Ivanhoe Electric Inc. (TSE:IE)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$18.72 and traded as high as C$22.77. Ivanhoe Electric shares last traded at C$21.64, with a volume of 18,903 shares.

Wall Street Analyst Weigh In

Separately, National Bank Financial raised their price objective on shares of Ivanhoe Electric from C$26.50 to C$33.00 in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$27.75.

Ivanhoe Electric Stock Performance

The company has a debt-to-equity ratio of 34.05, a current ratio of 2.50 and a quick ratio of 8.83. The company has a market capitalization of C$3.13 billion, a price-to-earnings ratio of -52.78 and a beta of 1.82. The firm has a fifty day simple moving average of C$23.26 and a 200 day simple moving average of C$18.72.

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

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.