Shares of Ivanhoe Electric Inc. (NYSEAMERICAN:IE – Get Rating) gapped up prior to trading on Friday . The stock had previously closed at 8.53, but opened at 8.85. Ivanhoe Electric shares last traded at 8.85, with a volume of 100 shares.
Wall Street Analysts Forecast Growth
IE has been the subject of a number of research reports. BMO Capital Markets initiated coverage on Ivanhoe Electric in a report on Monday, July 25th. They issued an “outperform” rating and a $15.00 price objective for the company. Jefferies Financial Group initiated coverage on Ivanhoe Electric in a report on Monday, July 25th. They issued a “buy” rating and a $13.50 price objective for the company.
Ivanhoe Electric Price Performance
About Ivanhoe Electric
Ivanhoe Electric Inc operates as a mineral exploration and development company in the United States. It operates through Critical Metals, Technology, and Energy Storage. The company holds 84.6% interests in the Tintic copper-gold project covering an area of 65 square kilometers located in Utah. It also holds an option to acquire a 100% interest in the Santa Cruz copper project covering an area of 77.59 square kilometers located in Arizona; 75% interest in the Hog Heaven silver-gold-copper project covering an area of 24.2 square kilometers located in Montana; and 60% interest in the Ivory Coast project covering an area of 1,125 square kilometers located in the Ivory Coast.
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