Ivanhoe Electric Inc. (TSE:IE – Free Report) – Scotiabank lowered their FY2027 earnings per share (EPS) estimates for Ivanhoe Electric in a research report issued on Wednesday, August 19th. Scotiabank analyst O. Wowkodaw now expects that the company will earn ($0.48) per share for the year, down from their previous forecast of ($0.31).
Separately, National Bank Financial cut their price objective on Ivanhoe Electric from C$30.00 to C$27.00 and set an “outperform” rating on the stock in a report on Tuesday, July 14th. One equities 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 company currently has an average rating of “Buy” and an average target price of C$24.75.
Ivanhoe Electric Trading Up 8.2%
TSE:IE opened at C$16.86 on Monday. The company has a quick ratio of 8.83, a current ratio of 5.05 and a debt-to-equity ratio of 6.97. Ivanhoe Electric has a 1-year low of C$11.04 and a 1-year high of C$28.81. The firm has a market capitalization of C$2.69 billion, a price-to-earnings ratio of -64.85 and a beta of 2.48. The stock has a fifty day simple moving average of C$13.80 and a 200 day simple moving average of C$16.95.
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.
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