At the time of writing, Ivanhoe Electric Inc [IE] stock is trading at $11.49, up 2.22%. An important factor to consider is whether the stock is rising or falling in short-term value. The IE shares have gain 13.43% over the last week, with a monthly amount glided 8.40%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Ivanhoe Electric Inc [AMEX: IE] stock has seen the most recent analyst activity on October 17, 2023, when JP Morgan initiated its Overweight rating and assigned the stock a price target of $18. Previously, Scotiabank started tracking the stock with Sector Perform rating on December 22, 2022, and set its price target to $14. On September 28, 2022, Raymond James initiated with a Outperform rating and assigned a price target of $12 on the stock. JP Morgan started tracking the stock assigning a Neutral rating and suggested a price target of $12 on August 18, 2022. Jefferies initiated its recommendation with a Buy and recommended $13.50 as its price target on July 25, 2022. BMO Capital Markets started tracking with a Outperform rating for this stock on July 25, 2022, and assigned it a price target of $15.
For the past year, the stock price of Ivanhoe Electric Inc fluctuated between $7.29 and $16.75. Currently, Wall Street analysts expect the stock to reach $14.75 within the next 12 months. Ivanhoe Electric Inc [AMEX: IE] shares were valued at $11.49 at the most recent close of the market. An investor can expect a potential return of 28.37% based on the average IE price forecast.
Analyzing the IE fundamentals
According to Ivanhoe Electric Inc [AMEX:IE], the company’s sales were 3.58M for trailing twelve months, which represents an -46.98% plunge. Gross Profit Margin for this corporation currently stands at -8.45% with Operating Profit Margin at -46.22%, Pretax Profit Margin comes in at -55.51%, and Net Profit Margin reading is -51.73%. To continue investigating profitability, this company’s Return on Assets is posted at -0.41, Equity is -0.73 and Total Capital is -0.4. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.21.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 11.13 points at the first support level, and at 10.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.72, and for the 2nd resistance point, it is at 11.94.
Ratios To Look Out For
It is important to note that Ivanhoe Electric Inc [AMEX:IE] has a current ratio of 4.89. On the other hand, the Quick Ratio is 4.76, and the Cash Ratio is 5.16. Considering the valuation of this stock, the price to sales ratio is 386.13, the price to book ratio is 4.17.
Transactions by insiders
Recent insider trading involved Kuntz Glen Nickolas, SVP, Mine Development, that happened on Mar 06 ’24 when 1342.0 shares were purchased. Markin Quentin completed a deal on Mar 01 ’24 to buy 20000.0 shares. Meanwhile, Senior VP, Exploration Boyd Graham Richard Thomas bought 4000.0 shares on Feb 29 ’24.
