Ivanhoe Electric Inc (AMEX:IE)’s traded shares stood at 2.44 million during the last session, with the company’s beta value hitting 0.71. At the close of trading, the stock’s price was $9.46, to imply a decrease of -5.96% or -$0.6 in intraday trading. The IE share’s 52-week high remains $12.98, putting it -37.21% down since that peak but still an impressive 33.3% since price per share fell to its 52-week low of $6.31. The company has a valuation of $1.14B, with an average of 0.64 million shares in intraday trading volume over the past 10 days and average of 717.95K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Ivanhoe Electric Inc (IE), translating to a mean rating of 1.17. Of 8 analyst(s) looking at the stock, 0 analyst(s) give IE a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 7 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.25.
Ivanhoe Electric Inc (AMEX:IE) trade information
After registering a -5.96% downside in the last session, Ivanhoe Electric Inc (IE) has traded red over the past five days. The 5-day price performance for the stock is -13.61%, and -4.44% over 30 days. With these gigs, the year-to-date price performance is -6.15%. Short interest in Ivanhoe Electric Inc (AMEX:IE) saw shorts transact 9.64 million shares and set a 22.42 days time to cover.
The extremes give us $14.5 and $15 for target low and target high price respectively. As such, IE has been trading -58.56% off suggested target high and -53.28% from its likely low.
Ivanhoe Electric Inc (IE) estimates and forecasts
Looking at statistics comparing Ivanhoe Electric Inc share performance against respective industry, we note that the company has outperformed competitors. Ivanhoe Electric Inc (IE) shares are -20.97% down over the last 6 months, with its year-to-date growth rate higher than industry average at 30.26% against 19.20%. The rating firms project that company’s revenue will grow 2.78% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is 1M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 2.4M.Earnings reports from the last fiscal year show that sales brought in 1.67M and 3.9M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -40.16% before dropping -38.51% in the following quarter.
IE Dividends
Ivanhoe Electric Inc has its next earnings report out on 2024-Nov-08. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Ivanhoe Electric Inc (AMEX:IE)’s Major holders
Ivanhoe Electric Inc insiders hold 37.07% of total outstanding shares, with institutional holders owning 64.81% of the shares at 102.99% float percentage. In total, 64.81% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-06-30, the company held over 13.59 million shares (or 11.3023% of shares), all amounting to roughly $127.48 million.
The next major institution holding the largest number of shares is FMR LLC with 11.62 million shares, or about 9.6597% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $108.95 million.
