Ivanhoe Electric Inc. (TSE:IE – Get Free Report) shares passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of C$15.61 and traded as low as C$14.68. Ivanhoe Electric shares last traded at C$14.68, with a volume of 21,060 shares changing hands.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on IE. National Bank Financial cut their target price on shares of Ivanhoe Electric from C$30.00 to C$27.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 14th. Raymond James Financial reduced their target price on Ivanhoe Electric from C$21.00 to C$20.00 and set an “outperform” rating for the company in a research note on Thursday, September 24th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Ivanhoe Electric presently has an average rating of “Buy” and an average target price of C$23.17.
Check Out Our Latest Stock Analysis on Ivanhoe Electric
Ivanhoe Electric Stock Down 1.5%
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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