Ivanhoe Electric (TSE:IE – Get Free Report) had its price target dropped by National Bank Financial from C$30.00 to C$27.00 in a research note issued on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 111.60% from the company’s previous close.
Ivanhoe Electric Stock Up 2.3%
Ivanhoe Electric stock traded up C$0.29 during midday trading on Tuesday, hitting C$12.76. The stock had a trading volume of 12,847 shares, compared to its average volume of 31,750. The company has a current ratio of 6.25, a quick ratio of 8.83 and a debt-to-equity ratio of 6.55. The stock has a market cap of C$2.02 billion, a P/E ratio of -44.00 and a beta of 2.54. Ivanhoe Electric has a 12 month low of C$11.71 and a 12 month high of C$28.81. The business has a fifty day moving average price of C$16.14 and a 200 day moving average price of C$19.24.
Ivanhoe Electric (TSE:IE – Get Free Report) last released its earnings results on Thursday, May 7th. The company reported C($0.36) EPS for the quarter. The firm had revenue of C$1.19 million for the quarter. Ivanhoe Electric had a negative return on equity of 8.83% and a negative net margin of 1,002.45%.
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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