Raymond James Financial Cuts Ivanhoe Electric (TSE:IE) Price Target to C$20.00

Ivanhoe Electric (TSE:IE) had its price objective cut by Raymond James Financial from C$21.00 to C$20.00 in a report published on Thursday morning,BayStreet reports. They currently have an outperform rating on the stock.

Separately, National Bank Financial reduced their target price on Ivanhoe Electric from C$30.00 to C$27.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$23.17.

Ivanhoe Electric Stock Performance

Ivanhoe Electric stock opened at C$14.79 on Thursday. The firm’s fifty day moving average price is C$14.19 and its 200-day moving average price is C$15.76. The company has a debt-to-equity ratio of 6.97, a quick ratio of 8.83 and a current ratio of 5.05. The stock has a market cap of C$2.36 billion, a P/E ratio of -56.88 and a beta of 2.67. Ivanhoe Electric has a fifty-two week low of C$11.04 and a fifty-two week high of C$28.81.

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.