Ivanhoe Electric Inc. (NYSEAMERICAN:IE - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $6.01 and last traded at $6.35, with a volume of 592126 shares traded. The stock had previously closed at $6.38.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lowered their target price on Ivanhoe Electric from $17.00 to $16.00 and set an "overweight" rating for the company in a report on Thursday, January 16th. Jefferies Financial Group reduced their price target on shares of Ivanhoe Electric from $15.00 to $10.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Finally, Scotiabank lowered their target price on shares of Ivanhoe Electric from $14.00 to $13.50 and set a "sector outperform" rating on the stock in a report on Monday, January 6th.
View Our Latest Analysis on Ivanhoe Electric
Ivanhoe Electric Stock Performance
The company has a market cap of $714.33 million, a PE ratio of -3.73 and a beta of 0.78. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.26.
Ivanhoe Electric (NYSEAMERICAN:IE - Get Free Report) last announced its earnings results on Friday, November 8th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.02). Ivanhoe Electric had a negative return on equity of 59.78% and a negative net margin of 5,947.19%. The company had revenue of $0.67 million during the quarter, compared to analysts' expectations of $1.00 million. On average, equities analysts expect that Ivanhoe Electric Inc. will post -1.47 EPS for the current fiscal year.
Institutional Trading of Ivanhoe Electric
A number of institutional investors have recently modified their holdings of IE. Avior Wealth Management LLC purchased a new position in shares of Ivanhoe Electric in the 3rd quarter valued at approximately $32,000. nVerses Capital LLC purchased a new stake in Ivanhoe Electric during the third quarter valued at $33,000. Creative Planning boosted its position in Ivanhoe Electric by 33.9% in the third quarter. Creative Planning now owns 18,347 shares of the company's stock worth $155,000 after purchasing an additional 4,644 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of Ivanhoe Electric during the 3rd quarter valued at about $162,000. Finally, Aigen Investment Management LP purchased a new position in shares of Ivanhoe Electric in the third quarter valued at about $174,000. 79.05% of the stock is currently owned by hedge funds and other institutional investors.
About Ivanhoe Electric
(
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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.
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