Ivanhoe Electric Inc. (NYSEAMERICAN:IE - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 1,446,193 shares changed hands during trading, an increase of 81% from the previous session's volume of 800,716 shares.The stock last traded at $11.70 and had previously closed at $11.32.
Analysts Set New Price Targets
Several research firms have commented on IE. Scotiabank restated an "outperform" rating on shares of Ivanhoe Electric in a report on Tuesday, June 24th. JPMorgan Chase & Co. lifted their price target on Ivanhoe Electric from $13.00 to $15.00 and gave the company an "overweight" rating in a report on Monday, June 30th. Finally, Raymond James Financial upgraded Ivanhoe Electric to a "moderate buy" rating and set a $15.00 price target for the company in a report on Monday, June 30th. Three analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $13.25.
Get Our Latest Stock Report on Ivanhoe Electric
Ivanhoe Electric Stock Down 3.2%
The company has a current ratio of 3.07, a quick ratio of 3.07 and a debt-to-equity ratio of 0.18. The stock has a 50-day simple moving average of $8.68 and a 200-day simple moving average of $7.26. The company has a market cap of $1.53 billion, a price-to-earnings ratio of -13.56 and a beta of 0.88.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of IE. GAMMA Investing LLC boosted its position in shares of Ivanhoe Electric by 456.9% in the 1st quarter. GAMMA Investing LLC now owns 11,115 shares of the company's stock valued at $65,000 after purchasing an additional 9,119 shares during the period. Teacher Retirement System of Texas acquired a new position in shares of Ivanhoe Electric in the 1st quarter valued at $67,000. BNP Paribas Financial Markets acquired a new position in shares of Ivanhoe Electric in the 4th quarter valued at $89,000. Eagle Global Advisors LLC boosted its position in shares of Ivanhoe Electric by 19.7% in the 1st quarter. Eagle Global Advisors LLC now owns 15,800 shares of the company's stock valued at $92,000 after purchasing an additional 2,600 shares during the period. Finally, Ballentine Partners LLC acquired a new position in shares of Ivanhoe Electric in the 2nd quarter valued at $93,000. Institutional investors own 79.05% of the company's stock.
About Ivanhoe Electric
(
Get Free Report)
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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