Ivanhoe Electric (NYSEAMERICAN:IE - Get Free Report) is projected to release its Q1 2025 earnings data before the market opens on Wednesday, May 14th. Analysts expect the company to announce earnings of ($0.21) per share for the quarter.
Ivanhoe Electric Trading Up 0.1%
Shares of IE stock traded up $0.00 on Monday, reaching $6.71. 416,770 shares of the stock were exchanged, compared to its average volume of 760,170. The stock has a market cap of $810.85 million, a PE ratio of -4.21 and a beta of 0.74. Ivanhoe Electric has a one year low of $4.50 and a one year 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. The stock has a 50 day moving average price of $6.03 and a 200 day moving average price of $7.51.
Insider Transactions at Ivanhoe Electric
In other Ivanhoe Electric news, CEO Joseph Taylor Melvin acquired 50,000 shares of Ivanhoe Electric stock in a transaction that occurred on Friday, March 7th. The shares were acquired at an average cost of $5.76 per share, with a total value of $288,000.00. Following the completion of the purchase, the chief executive officer now directly owns 730,753 shares of the company's stock, valued at $4,209,137.28. This represents a 7.34% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jordan Neeser acquired 20,000 shares of Ivanhoe Electric stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average cost of $5.86 per share, for a total transaction of $117,200.00. Following the completion of the purchase, the chief financial officer now directly owns 40,000 shares of the company's stock, valued at $234,400. This represents a 100.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 75,000 shares of company stock worth $434,350. Company insiders own 10.50% of the company's stock.
Analysts Set New Price Targets
IE has been the subject of a number of research analyst reports. Raymond James set a $15.00 target price on Ivanhoe Electric and gave the company an "outperform" rating in a research note on Friday, April 4th. JPMorgan Chase & Co. decreased their target price on Ivanhoe Electric from $16.00 to $13.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $12.88.
Check Out Our Latest Analysis on IE
About Ivanhoe Electric
(
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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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