Scotiabank Increases Earnings Estimates for Ivanhoe Electric

Ivanhoe Electric Inc. (NYSEAMERICAN:IE) – Investment analysts at Scotiabank boosted their FY2026 EPS estimates for Ivanhoe Electric in a research note issued to investors on Tuesday, October 28th. Scotiabank analyst O. Wowkodaw now anticipates that the company will earn ($0.13) per share for the year, up from their prior estimate of ($0.14). Scotiabank currently has a “Sector Outperform” rating and a $17.50 price objective on the stock. The consensus estimate for Ivanhoe Electric’s current full-year earnings is ($1.47) per share.

Other research analysts also recently issued research reports about the stock. National Bank Financial upgraded shares of Ivanhoe Electric to a “strong-buy” rating in a research report on Wednesday, September 3rd. Raymond James Financial upped their price objective on shares of Ivanhoe Electric from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. Cantor Fitzgerald assumed coverage on shares of Ivanhoe Electric in a research report on Thursday, August 21st. They issued an “overweight” rating and a $17.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on shares of Ivanhoe Electric from $14.00 to $18.00 and gave the stock an “overweight” rating in a research report on Thursday, October 9th. Finally, National Bankshares assumed coverage on shares of Ivanhoe Electric in a research report on Wednesday, September 3rd. They issued an “outperform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $15.70.

Ivanhoe Electric Trading Up 3.0%

Shares of Ivanhoe Electric stock opened at $14.79 on Friday. The firm has a 50-day simple moving average of $11.92 and a two-hundred day simple moving average of $9.67. The company has a market cap of $1.97 billion, a P/E ratio of -23.11 and a beta of 0.98. Ivanhoe Electric has a fifty-two week low of $4.50 and a fifty-two week high of $17.90. The company has a debt-to-equity ratio of 0.18, a quick ratio of 3.84 and a current ratio of 3.84.

Insider Buying and Selling

In related news, VP Graham Richard Thomas Boyd sold 134,059 shares of the business’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $8.92, for a total transaction of $1,195,806.28. Following the completion of the transaction, the vice president directly owned 194,226 shares of the company’s stock, valued at $1,732,495.92. The trade was a 40.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 12.06% of the stock is owned by insiders.

Institutional Investors Weigh In On Ivanhoe Electric

Several institutional investors have recently modified their holdings of IE. Price T Rowe Associates Inc. MD lifted its position in shares of Ivanhoe Electric by 41.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,831,620 shares of the company’s stock worth $39,692,000 after purchasing an additional 1,988,562 shares during the last quarter. Primecap Management Co. CA lifted its position in shares of Ivanhoe Electric by 229.9% during the 2nd quarter. Primecap Management Co. CA now owns 1,574,884 shares of the company’s stock worth $14,284,000 after purchasing an additional 1,097,484 shares during the last quarter. EdgePoint Investment Group Inc. purchased a new stake in shares of Ivanhoe Electric during the 1st quarter worth $4,284,000. Legal & General Group Plc lifted its position in shares of Ivanhoe Electric by 44.5% during the 2nd quarter. Legal & General Group Plc now owns 1,759,911 shares of the company’s stock worth $15,962,000 after purchasing an additional 541,719 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Ivanhoe Electric by 10.7% during the 1st quarter. Vanguard Group Inc. now owns 5,137,785 shares of the company’s stock worth $29,851,000 after purchasing an additional 496,058 shares during the last quarter. 79.05% of the stock is owned by hedge funds and other institutional investors.

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.