Jefferies Financial Group Lowers Ivanhoe Electric (NYSEAMERICAN:IE) Price Target to $10.00

Ivanhoe Electric (NYSEAMERICAN:IE) had its price objective decreased by analysts at Jefferies Financial Group from $15.00 to $10.00 in a report released on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s target price indicates a potential upside of 39.08% from the company’s current price.

Separately, Eight Capital upgraded Ivanhoe Electric to a “strong-buy” rating in a research note on Thursday, September 26th.

Ivanhoe Electric Trading Down 1.5 %

IE stock opened at $7.19 on Monday. The company has a market capitalization of $866.11 million, a price-to-earnings ratio of -4.52 and a beta of 0.66. Ivanhoe Electric has a 12-month low of $6.31 and a 12-month high of $12.98. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.50 and a quick ratio of 2.50.

Institutional Trading of Ivanhoe Electric

Several large investors have recently modified their holdings of IE. Barclays PLC lifted its position in Ivanhoe Electric by 358.9% during the 3rd quarter. Barclays PLC now owns 135,903 shares of the company’s stock worth $1,150,000 after acquiring an additional 106,288 shares during the last quarter. State Street Corp increased its stake in shares of Ivanhoe Electric by 94.5% in the third quarter. State Street Corp now owns 3,207,117 shares of the company’s stock worth $27,132,000 after purchasing an additional 1,558,467 shares during the period. Goehring & Rozencwajg Associates LLC lifted its position in shares of Ivanhoe Electric by 13.9% during the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 1,631,239 shares of the company’s stock worth $15,301,000 after purchasing an additional 199,400 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of Ivanhoe Electric during the 3rd quarter worth about $162,000. Finally, SG Americas Securities LLC bought a new stake in Ivanhoe Electric during the 3rd quarter valued at approximately $431,000. 79.05% of the stock is owned by institutional investors.

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.