Ivanhoe Electric (TSE:IE) Rating Increased to Moderate Buy at Raymond James Financial

Key Points

• Ivanhoe Electric has received a rating upgrade to "moderate buy" from Raymond James Financial, indicating positive market sentiment towards the stock.
• Jefferies Financial Group also upgraded Ivanhoe Electric to a "strong-buy," reflecting strong analyst confidence, with the consensus price target set at C$18.00.
• The company has seen significant price fluctuations over the past year, ranging from a low of C$6.45 to a high of C$22.67, with a current price of C$20.08.

Ivanhoe Electric (TSE:IE - Get Free Report) was upgraded by equities research analysts at Raymond James Financial to a "moderate buy" rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other equities analysts also recently weighed in on the stock. Jefferies Financial Group upgraded shares of Ivanhoe Electric to a "strong-buy" rating in a research note on Monday, October 6th. National Bankshares set a C$18.00 price objective on shares of Ivanhoe Electric and gave the company an "outperform" rating in a research report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of C$18.00.

Ivanhoe Electric Price Performance

IE opened at C$20.08 on Thursday. The company has a market capitalization of C$2.67 billion, a price-to-earnings ratio of -31.38 and a beta of 1.47. The company has a quick ratio of 8.83, a current ratio of 2.50 and a debt-to-equity ratio of 34.05. The firm has a 50-day moving average price of C$14.00 and a 200-day moving average price of C$11.84. Ivanhoe Electric has a twelve month low of C$6.45 and a twelve month high of C$22.67.

Ivanhoe Electric Company Profile

Ivanhoe Electric Inc is a mineral project exploration and development company with a focus on identifying and developing mineral projects, and ultimately mines, associated with the metals necessary for electrification, in particular, copper, gold, silver, nickel, cobalt, vanadium, and the platinum group metals.

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