Ivanhoe Electric (NYSEAMERICAN:IE – Free Report) had its price target lowered by Scotiabank from $14.50 to $14.00 in a research report report published on Monday, Benzinga reports. The firm currently has a sector outperform rating on the stock.
Ivanhoe Electric Stock Performance
NYSEAMERICAN:IE opened at $7.24 on Monday. Ivanhoe Electric has a one year low of $6.79 and a one year high of $16.54. The stock has a market capitalization of $871.04 million, a PE ratio of -6.77 and a beta of 0.85. The company has a debt-to-equity ratio of 0.19, a current ratio of 4.89 and a quick ratio of 4.76.
Ivanhoe Electric (NYSEAMERICAN:IE – Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.05). The business had revenue of $0.54 million during the quarter, compared to the consensus estimate of $1.00 million. Ivanhoe Electric had a negative return on equity of 33.64% and a negative net margin of 3,007.59%. On average, research analysts forecast that Ivanhoe Electric will post -1.18 earnings per share for the current year.
Institutional Trading of Ivanhoe Electric
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.
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