Jefferies analyst Chris LaFemina reiterated a Buy rating on Ivanhoe Electric Inc. (IE – Research Report) yesterday and set a price target of $19.00. The company’s shares closed yesterday at $13.06.
According to TipRanks, LaFemina is a 4-star analyst with an average return of 3.5% and a 48.36% success rate. LaFemina covers the Basic Materials sector, focusing on stocks such as Teck Resources, First Quantum Minerals, and Freeport-McMoRan.
Ivanhoe Electric Inc. has an analyst consensus of Moderate Buy, with a price target consensus of $17.25.
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The company has a one-year high of $16.55 and a one-year low of $7.01. Currently, Ivanhoe Electric Inc. has an average volume of 463K.
Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IE in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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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