Ivanhoe Electric (IE) Expected to Announce Quarterly Earnings on Monday

Ivanhoe Electric (NYSEAMERICAN:IE - Get Free Report) will likely be releasing its earnings data on Monday, February 24th. Analysts expect Ivanhoe Electric to post earnings of ($0.25) per share for the quarter.

Ivanhoe Electric Trading Up 1.7 %

NYSEAMERICAN:IE traded up $0.11 during midday trading on Thursday, reaching $6.52. 964,703 shares of the stock traded hands, compared to its average volume of 663,439. The stock has a market capitalization of $787.42 million, a price-to-earnings ratio of -4.10 and a beta of 0.74. Ivanhoe Electric has a 12-month low of $5.76 and a 12-month high of $12.98. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.26.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on IE. Scotiabank cut their price objective on Ivanhoe Electric from $14.00 to $13.50 and set a "sector outperform" rating on the stock in a report on Monday, January 6th. Jefferies Financial Group cut their price target on shares of Ivanhoe Electric from $15.00 to $10.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Ivanhoe Electric from $17.00 to $16.00 and set an "overweight" rating for the company in a research note on Thursday, January 16th.

Ivanhoe Electric Company Profile

Ivanhoe Electric Inc explores and develops metals and mineral. The company provides Typhoon data acquisition system, a geophysical system that offers primary signal. It also explores copper and gold. The company was incorporated in 2020 and is headquartered in Tempe, Arizona.