National Bank Financial Estimates Ivanhoe Electric FY2025 Earnings

Key Points

• National Bank Financial projects Ivanhoe Electric's FY2025 earnings per share (EPS) to be ($0.72), improving from the current consensus estimate of ($1.47) EPS.
• JPMorgan and Cantor Fitzgerald have raised their target prices for Ivanhoe Electric, with new targets of $15.00 and $17.00, respectively, while the stock currently has a consensus rating of "Buy".
• Recent insider activity includes VP Graham Richard Thomas Boyd selling 134,059 shares, which resulted in a notable decrease in his position by over 40%.

Ivanhoe Electric Inc. (NYSEAMERICAN:IE - Free Report) - Equities research analysts at National Bank Financial issued their FY2025 earnings per share (EPS) estimates for Ivanhoe Electric in a note issued to investors on Wednesday, September 3rd. National Bank Financial analyst A. Dusome anticipates that the company will post earnings per share of ($0.72) for the year. National Bank Financial has a "Strong-Buy" rating on the stock. The consensus estimate for Ivanhoe Electric's current full-year earnings is ($1.47) per share. National Bank Financial also issued estimates for Ivanhoe Electric's FY2026 earnings at ($0.35) EPS and FY2027 earnings at ($0.25) EPS.

Other research analysts have also issued research reports about the company. Cantor Fitzgerald initiated coverage on Ivanhoe Electric in a report on Thursday, August 21st. They issued an "overweight" rating and a $17.00 price target on the stock. Raymond James Financial upgraded Ivanhoe Electric to a "moderate buy" rating and set a $15.00 price target on the stock in a report on Monday, June 30th. JPMorgan Chase & Co. increased their price target on Ivanhoe Electric from $13.00 to $15.00 and gave the stock an "overweight" rating in a report on Monday, June 30th. Scotiabank reiterated an "outperform" rating on shares of Ivanhoe Electric in a report on Tuesday, June 24th. Finally, National Bankshares initiated coverage on Ivanhoe Electric in a report on Wednesday, September 3rd. They issued an "outperform" rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to MarketBeat.com, Ivanhoe Electric currently has a consensus rating of "Buy" and an average price target of $14.00.

Ivanhoe Electric Trading Down 3.1%

NYSEAMERICAN IE traded down $0.27 during trading hours on Monday, hitting $8.56. 871,572 shares of the company's stock were exchanged, compared to its average volume of 850,990. The stock has a 50-day simple moving average of $9.80 and a 200 day simple moving average of $7.81. Ivanhoe Electric has a 1-year low of $4.50 and a 1-year high of $13.25. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of -13.37 and a beta of 0.88. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 0.18.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of IE. Tower Research Capital LLC TRC lifted its position in shares of Ivanhoe Electric by 146.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,256 shares of the company's stock valued at $57,000 after buying an additional 3,713 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Ivanhoe Electric by 43.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 8,063 shares of the company's stock valued at $73,000 after buying an additional 2,449 shares during the period. AlphaQuest LLC raised its holdings in Ivanhoe Electric by 881.3% during the 2nd quarter. AlphaQuest LLC now owns 9,332 shares of the company's stock valued at $85,000 after buying an additional 8,381 shares during the period. Ballentine Partners LLC bought a new position in Ivanhoe Electric in the 2nd quarter valued at $93,000. Finally, GAMMA Investing LLC boosted its position in 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 buying an additional 9,119 shares during the period. 79.05% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ivanhoe Electric

In other news, VP Graham Richard Thomas Boyd sold 134,059 shares of the firm's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $8.92, for a total transaction of $1,195,806.28. Following the completion of the transaction, the vice president directly owned 194,226 shares in the company, valued at $1,732,495.92. This trade represents a 40.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 12.06% of the stock is owned by insiders.

About Ivanhoe Electric

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.