Ivanhoe Electric (TSE:IE) Given New C$33.00 Price Target at National Bankshares

Ivanhoe Electric (TSE:IE) had its price objective upped by National Bankshares from C$26.50 to C$33.00 in a research note released on Thursday,BayStreet.CA reports.

A number of other research analysts also recently commented on IE. Jefferies Financial Group upgraded Ivanhoe Electric to a “strong-buy” rating in a research report on Monday, October 6th. Scotiabank boosted their target price on shares of Ivanhoe Electric from C$18.00 to C$22.50 and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Finally, Raymond James Financial raised Ivanhoe Electric to a “moderate buy” rating in a research note on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$27.75.

Ivanhoe Electric Price Performance

IE stock opened at C$27.07 on Thursday. The company has a debt-to-equity ratio of 34.05, a quick ratio of 8.83 and a current ratio of 2.50. The company’s fifty day moving average price is C$22.14 and its 200-day moving average price is C$18.07. Ivanhoe Electric has a one year low of C$6.45 and a one year high of C$28.81. The company has a market capitalization of C$3.92 billion, a PE ratio of -66.02 and a beta of 1.77.

Ivanhoe Electric (TSE:IE) last announced its quarterly earnings results on Wednesday, November 5th. The company reported C$0.13 EPS for the quarter. The business had revenue of C$0.76 million for the quarter. Ivanhoe Electric had a negative net margin of 5,947.22% and a negative return on equity of 61.91%.

Ivanhoe Electric Company Profile

We are a United States domiciled minerals exploration company with a focus on developing mines from mineral deposits principally located in the United States. We seek to support American supply chain independence by finding and delivering copper and other critical metals vital to advanced manufacturing, infrastructure development, technology, and national security. We use our powerful Typhoon¿ geophysical surveying system, together with advanced data analytics provided by our 94.3% owned subsidiary, Computational Geosciences Inc (“CGI”), to accelerate and de-risk the mineral exploration process as we seek to discover new deposits of critical metals that may otherwise be undetectable by traditional exploration technologies.