BMO Capital analyst Andrew Mikitchook maintained a Buy rating on Ivanhoe Electric Inc. (IE – Research Report) today and set a price target of $18.00. The company’s shares closed yesterday at $15.09.
According to TipRanks, Mikitchook is a 4-star analyst with an average return of 8.3% and a 52.23% success rate. Mikitchook covers the Basic Materials sector, focusing on stocks such as Ivanhoe Mines, Osisko Mining, and Victoria Gold.
Ivanhoe Electric Inc. has an analyst consensus of Moderate Buy, with a price target consensus of $16.00.
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The company has a one-year high of $15.53 and a one-year low of $7.01. Currently, Ivanhoe Electric Inc. has an average volume of 241.4K.
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is neutral on the stock.
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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. It operates in three business segments – critical metals; data processing and software licensing services; and energy storage systems. The data processing segment that derives the majority of revenue provides data analytics, geophysical modeling, and artificial intelligence services for the mineral, oil & gas, and water exploration industries.
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