National Bank Financial Has Lowered Expectations for Ivanhoe Electric (TSE:IE) Stock Price

Ivanhoe Electric (TSE:IE) had its price objective decreased by National Bank Financial from C$33.00 to C$30.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 44.58% from the stock’s current price.

Ivanhoe Electric Stock Performance

TSE:IE opened at C$20.75 on Wednesday. The company has a market capitalization of C$3.27 billion, a PE ratio of -26.27 and a beta of 2.08. The company has a 50 day simple moving average of C$19.19 and a two-hundred day simple moving average of C$20.43. The company has a debt-to-equity ratio of 8.89, a quick ratio of 8.83 and a current ratio of 3.34. Ivanhoe Electric has a fifty-two week low of C$8.02 and a fifty-two week high of C$28.81.

Ivanhoe Electric (TSE:IE) last issued its quarterly earnings results on Monday, February 23rd. The company reported C($1.85) earnings per share for the quarter. Ivanhoe Electric had a negative return on equity of 32.66% and a negative net margin of 3,263.69%.The business had revenue of C$1.18 million for the quarter.

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.