In last trading session, Ivanhoe Electric Inc (AMEX:IE) saw 0.46 million shares changing hands with its beta currently measuring 0.82. Company’s recent per share price level of $8.71 trading at -$0.11 or -1.25% at ring of the bell on the day assigns it a market valuation of $1.05B. That closing price of IE’s stock is at a discount of -52.81% from its 52-week high price of $13.31 and is indicating a premium of 27.55% from its 52-week low price of $6.31. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.41 million shares which gives us an average trading volume of 864.31K if we extend that period to 3-months.

For Ivanhoe Electric Inc (IE), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.17. Splitting up the data highlights that, out of 8 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 7 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.19 in the current quarter.

Ivanhoe Electric Inc (AMEX:IE) trade information

Upright in the red during last session for losing -1.25%, in the last five days IE remained trading in the green while hitting it’s week-highest on Friday, 09/27/24 when the stock touched $8.71 price level, adding 3.33% to its value on the day. Ivanhoe Electric Inc’s shares saw a change of -13.59% in year-to-date performance and have moved 20.64% in past 5-day. Ivanhoe Electric Inc (AMEX:IE) showed a performance of 24.07% in past 30-days. Number of shares sold short was 8.17 million shares which calculate 10.66 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 14.75 to the stock, which implies a rise of 40.95% to its current value. Analysts have been projecting 14.5 as a low price target for the stock while placing it at a high target of 15. It follows that stock’s current price would drop -66.48% in reaching the projected high whereas dropping to the targeted low would mean a loss of -66.48% for stock’s current value.

Ivanhoe Electric Inc (IE) estimates and forecasts

Statistics highlight that Ivanhoe Electric Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -11.12% of value to its shares in past 6 months, showing an annual growth rate of 28.72% while that of industry is 18.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -10.30% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1M for the same. And 1 analysts are in estimates of company making revenue of 1M in the next quarter. Company posted 239k and 1.67M of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -64.45% during past 5 years.

Ivanhoe Electric Inc (AMEX:IE)’s Major holders

Insiders are in possession of 37.09% of company’s total shares while institution are holding 61.73 percent of that, with stock having share float percentage of 98.12%. Investors also watch the number of corporate investors in a company very closely, which is 61.73% institutions for Ivanhoe Electric Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at IE for having 13.59 million shares of worth $127.48 million. And as of 2024-06-30, it was holding 11.3023 of the company’s outstanding shares.

The second largest institutional holder is FMR LLC, which was holding about 11.62 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.6597 of outstanding shares, having a total worth of $108.95 million.