Ivanhoe Electric (IE) to Release Earnings on Monday

Ivanhoe Electric (NYSEAMERICAN:IE) is anticipated to post its quarterly earnings results on Monday, February 24th. Analysts expect Ivanhoe Electric to post earnings of ($0.25) per share for the quarter.

Ivanhoe Electric Stock Down 2.3 %

Shares of Ivanhoe Electric stock opened at $6.37 on Friday. Ivanhoe Electric has a 52 week low of $5.76 and a 52 week high of $12.98. The firm has a market capitalization of $769.30 million, a PE ratio of -4.01 and a beta of 0.74. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.26.

Analysts Set New Price Targets

IE has been the topic of several recent analyst reports. Scotiabank decreased their price target on Ivanhoe Electric from $14.00 to $13.50 and set a “sector outperform” rating on the stock in a research note on Monday, January 6th. Jefferies Financial Group decreased their target price on Ivanhoe Electric from $15.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. decreased their target price on Ivanhoe Electric from $17.00 to $16.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th.

Ivanhoe Electric Company Profile

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.