Ivanhoe Electric (IE) Projected to Post Earnings on Wednesday

Ivanhoe Electric (NYSEAMERICAN:IE) is expected to be releasing its Q1 2025 earnings data before the market opens on Wednesday, May 14th. Analysts expect Ivanhoe Electric to post earnings of ($0.21) per share for the quarter.

Ivanhoe Electric Stock Up 0.3%

IE opened at $6.73 on Tuesday. The business’s 50-day simple moving average is $6.05 and its 200-day simple moving average is $7.51. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.50 and a current ratio of 2.50. Ivanhoe Electric has a one year low of $4.50 and a one year high of $12.98. The stock has a market capitalization of $812.78 million, a P/E ratio of -4.23 and a beta of 0.74.

Insider Activity at Ivanhoe Electric

In other Ivanhoe Electric news, CEO Joseph Taylor Melvin purchased 50,000 shares of the business’s stock in a transaction on Friday, March 7th. The stock was bought at an average cost of $5.76 per share, for a total transaction of $288,000.00. Following the acquisition, the chief executive officer now owns 730,753 shares of the company’s stock, valued at approximately $4,209,137.28. The trade was a 7.34% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Graham Richard Thomas Boyd purchased 5,000 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was acquired at an average price of $5.83 per share, with a total value of $29,150.00. Following the completion of the acquisition, the vice president now directly owns 11,510 shares in the company, valued at $67,103.30. The trade was a 76.80% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 75,000 shares of company stock valued at $434,350. 10.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on IE shares. JPMorgan Chase & Co. dropped their price target on Ivanhoe Electric from $16.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, April 10th. Raymond James set a $15.00 price target on Ivanhoe Electric and gave the company an “outperform” rating in a research report on Friday, April 4th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $12.88.

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.