Ivanhoe Electric Inc. (NYSEAMERICAN:IE – Get Rating) – Equities research analysts at Jefferies Financial Group issued their FY2027 earnings per share estimates for shares of Ivanhoe Electric in a research report issued on Wednesday, January 11th. Jefferies Financial Group analyst C. Lafemina anticipates that the company will post earnings per share of $2.30 for the year. The consensus estimate for Ivanhoe Electric's current full-year earnings is ($1.42) per share.
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A number of other equities research analysts have also commented on IE. Scotiabank assumed coverage on Ivanhoe Electric in a research report on Thursday, December 22nd. They issued a "sector perform" rating and a $14.00 price target for the company. Raymond James started coverage on shares of Ivanhoe Electric in a report on Wednesday, September 28th. They issued an "outperform" rating and a $12.00 price target on the stock. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Ivanhoe Electric presently has a consensus rating of "Moderate Buy" and an average price target of 13.30.
Ivanhoe Electric Stock Up 3.2 %
Shares of IE stock opened at 14.59 on Friday. The company has a current ratio of 9.48, a quick ratio of 9.18 and a debt-to-equity ratio of 0.10. Ivanhoe Electric has a 12-month low of 7.01 and a 12-month high of 15.53.
Ivanhoe Electric (NYSEAMERICAN:IE – Get Rating) last released its quarterly earnings results on Monday, November 14th. The company reported -0.43 EPS for the quarter, missing analysts' consensus estimates of -0.19 by -0.24. The business had revenue of 1.18 million for the quarter, compared to analysts' expectations of 1.50 million.
Insider Buying and Selling at Ivanhoe Electric
In other Ivanhoe Electric news, Chairman Robert M. Friedland acquired 422,767 shares of the stock in a transaction dated Tuesday, November 29th. The stock was acquired at an average price of 9.85 per share, with a total value of 4,164,254.95. Following the completion of the purchase, the chairman now owns 9,385,324 shares in the company, valued at approximately 92,445,441.40. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. UBS Group AG acquired a new position in shares of Ivanhoe Electric in the 2nd quarter worth approximately $26,000. Strs Ohio acquired a new stake in shares of Ivanhoe Electric during the third quarter worth approximately $27,000. California State Teachers Retirement System acquired a new stake in Ivanhoe Electric in the third quarter valued at approximately $47,000. Royal Bank of Canada raised its position in shares of Ivanhoe Electric by 72.7% in the third quarter. Royal Bank of Canada now owns 7,770 shares of the company's stock valued at $64,000 after purchasing an additional 3,270 shares during the period. Finally, New York State Common Retirement Fund bought a new position in Ivanhoe Electric during the third quarter worth $74,000. 27.67% of the stock is currently owned by institutional investors and hedge funds.
About Ivanhoe Electric
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Ivanhoe Electric Inc operates as a mineral exploration and development company in the United States. It operates through Critical Metals, Technology, and Energy Storage. The company holds 84.6% interests in the Tintic copper-gold project covering an area of 65 square kilometers located in Utah. It also holds an option to acquire a 100% interest in the Santa Cruz copper project covering an area of 77.59 square kilometers located in Arizona; 75% interest in the Hog Heaven silver-gold-copper project covering an area of 24.2 square kilometers located in Montana; and 60% interest in the Ivory Coast project covering an area of 1,125 square kilometers located in the Ivory Coast.
Further Reading
- Get a free copy of the StockNews.com research report on Ivanhoe Electric (IE)
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