Ivanhoe Electric (TSE:IE) PT Set at C$18.00 by National Bankshares

Ivanhoe Electric (TSE:IE) has been given a C$18.00 price objective by equities research analysts at National Bankshares in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ target price indicates a potential upside of 44.12% from the stock’s previous close.

Ivanhoe Electric Stock Up 2.0%

Shares of TSE IE opened at C$12.49 on Thursday. Ivanhoe Electric has a 12 month low of C$6.45 and a 12 month high of C$17.41. The company has a current ratio of 2.50, a quick ratio of 8.83 and a debt-to-equity ratio of 34.05. The firm has a market capitalization of C$1.66 billion, a price-to-earnings ratio of -19.52 and a beta of 1.26. The business has a 50-day moving average of C$13.50 and a 200-day moving average of C$10.74.

About Ivanhoe Electric

Ivanhoe Electric Inc is a mineral project exploration and development company with a focus on identifying and developing mineral projects, and ultimately mines, associated with the metals necessary for electrification, in particular, copper, gold, silver, nickel, cobalt, vanadium, and the platinum group metals.