Ivanhoe Electric (NYSEAMERICAN:IE) Given New $10.00 Price Target at Jefferies Financial Group

Ivanhoe Electric (NYSEAMERICAN:IE) had its target price lowered by Jefferies Financial Group from $15.00 to $10.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

Separately, Eight Capital upgraded shares of Ivanhoe Electric to a “strong-buy” rating in a research note on Thursday, September 26th.

Ivanhoe Electric Stock Performance

Shares of NYSEAMERICAN:IE opened at $7.30 on Monday. The stock has a market cap of $879.36 million, a price-to-earnings ratio of -4.59 and a beta of 0.66. Ivanhoe Electric has a 12 month low of $6.31 and a 12 month high of $12.98. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.26.

Institutional Trading of Ivanhoe Electric

A number of institutional investors and hedge funds have recently modified their holdings of the company. Avior Wealth Management LLC acquired a new stake in Ivanhoe Electric during the third quarter worth about $32,000. nVerses Capital LLC acquired a new stake in shares of Ivanhoe Electric during the 3rd quarter worth approximately $33,000. Principal Financial Group Inc. bought a new stake in shares of Ivanhoe Electric during the second quarter valued at approximately $106,000. Creative Planning raised its stake in shares of Ivanhoe Electric by 33.9% in the third quarter. Creative Planning now owns 18,347 shares of the company’s stock valued at $155,000 after purchasing an additional 4,644 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of Ivanhoe Electric in the third quarter valued at $162,000. 79.05% of the stock is currently owned by institutional investors and hedge funds.

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.