Ivanhoe Electric (TSE:IE) Sets New 12-Month High - Here's What Happened

Key Points

• Ivanhoe Electric Inc. reached a new 52-week high, trading at C$17.47, up from a previous close of C$16.35.
• National Bankshares has set a price target of C$18.00 and rated the company's stock as "outperform", contributing to an average "Buy" rating among analysts.
• The company's market capitalization stands at C$2.27 billion with notable ratios indicating strong liquidity and financial positioning.

Ivanhoe Electric Inc. (TSE:IE - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The stock traded as high as C$17.47 and last traded at C$17.09, with a volume of 34594 shares changing hands. The stock had previously closed at C$16.35.

Analyst Upgrades and Downgrades

Separately, 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 investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of C$18.00.

Ivanhoe Electric Stock Up 4.5%

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 company has a market capitalization of C$2.27 billion, a PE ratio of -26.70 and a beta of 1.26. The business's 50 day simple moving average is C$13.41 and its 200 day simple moving average is C$11.32.

About Ivanhoe Electric

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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