Ivanhoe Electric Inc. (TSE:IE – Get Free Report)’s stock price reached a new 52-week low during mid-day trading on Thursday. The stock 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.
Analyst Ratings Changes
Several equities analysts recently commented on the company. Raymond James Financial cut their target price on Ivanhoe Electric from C$21.00 to C$20.00 and set an “outperform” rating for the company in a research report on Thursday, September 24th. National Bank Financial lowered their price target on Ivanhoe Electric from C$30.00 to C$27.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 14th. Two investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, Ivanhoe Electric presently has an average rating of “Buy” and a consensus price target of C$23.50.
View Our Latest Research Report on IE
Ivanhoe Electric Price Performance
The company has a market capitalization of C$1.57 billion, a price-to-earnings ratio of -37.85 and a beta of 2.45. The company has a current ratio of 5.05, a quick ratio of 8.83 and a debt-to-equity ratio of 6.97. The company has a 50 day moving average price of C$13.42 and a 200 day moving average price of C$16.63.
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.
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