Ivanhoe Electric (NYSEAMERICAN:IE – Get Free Report) had its price objective decreased by stock analysts at Scotiabank from $14.50 to $14.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a “sector outperform” rating on the stock. Scotiabank’s price objective points to a potential upside of 100.57% from the company’s current price.
Ivanhoe Electric Stock Performance
NYSEAMERICAN IE opened at $6.98 on Monday. Ivanhoe Electric has a one year low of $6.79 and a one year high of $16.54. The company has a current ratio of 4.89, a quick ratio of 4.76 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $839.76 million, a price-to-earnings ratio of -6.50 and a beta of 0.85.
Ivanhoe Electric (NYSEAMERICAN:IE – Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.05). Ivanhoe Electric had a negative net margin of 3,007.59% and a negative return on equity of 33.64%. The company had revenue of $0.54 million during the quarter, compared to analyst estimates of $1.00 million. As a group, research analysts expect that Ivanhoe Electric will post -1.18 earnings per share for the current year.
Institutional Inflows and Outflows
About Ivanhoe Electric
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.
Featured Stories
- Five stocks we like better than Ivanhoe Electric
- What is a Bond Market Holiday? How to Invest and Trade
- Columbia Sportswear: A Turnaround Story That’s Gaining Ground
- Election Stocks: How Elections Affect the Stock Market
- Lowe’s Stock: Hold Now, Buy it When it Dips
- Top Biotech Stocks: Exploring Innovation Opportunities
- ZIM Shipping Stock Soars as the Industry Shows a Bottoming Trend
Receive News & Ratings for Ivanhoe Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ivanhoe Electric and related companies with MarketBeat.com's FREE daily email newsletter.