Ivanhoe Electric Inc. (NYSEAMERICAN:IE - Get Free Report) shot up 6.7% during mid-day trading on Friday . The company traded as high as $6.13 and last traded at $6.22. 384,834 shares traded hands during mid-day trading, a decline of 42% from the average session volume of 666,213 shares. The stock had previously closed at $5.83.
Analysts Set New Price Targets
A number of research firms have weighed in on IE. Scotiabank decreased their target price on shares of Ivanhoe Electric from $14.00 to $13.50 and set a "sector outperform" rating for the company in a research report on Monday, January 6th. 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, JPMorgan Chase & Co. dropped their price objective on Ivanhoe Electric from $17.00 to $16.00 and set an "overweight" rating on the stock in a research note on Thursday, January 16th.
Get Our Latest Stock Analysis on Ivanhoe Electric
Ivanhoe Electric Trading Down 8.1 %
The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.26. The firm has a market cap of $689.60 million, a price-to-earnings ratio of -3.59 and a beta of 0.74.
Institutional Trading of Ivanhoe Electric
A number of hedge funds have recently bought and sold shares of the company. Avior Wealth Management LLC bought a new stake in Ivanhoe Electric in the third quarter valued at approximately $32,000. Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Ivanhoe Electric during the fourth quarter valued at approximately $80,000. BNP Paribas Financial Markets purchased a new stake in Ivanhoe Electric in the fourth quarter worth $89,000. Eagle Global Advisors LLC purchased a new stake in Ivanhoe Electric in the fourth quarter worth $100,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in Ivanhoe Electric in the fourth quarter worth $103,000. Institutional investors own 79.05% of the company's stock.
Ivanhoe Electric Company Profile
(
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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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