During the last session, Ivanhoe Electric Inc (AMEX:IE)’s traded shares were 0.82 million, with the beta value of the company hitting 0.71. At the end of the trading day, the stock’s price was $6.38, reflecting an intraday gain of 1.92% or $0.12. The 52-week high for the IE share is $12.98, that puts it down -103.45 from that peak though still a striking 2.66% gain since the share price plummeted to a 52-week low of $6.21. The company’s market capitalization is $768.51M, and the average intraday trading volume over the past 10 days was 0.61 million shares, and the average trade volume was 562.04K shares over the past three months.
Ivanhoe Electric Inc (IE) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. IE has a Sell rating from 0 analyst(s) out of 8 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 7 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.25.
Ivanhoe Electric Inc (AMEX:IE) trade information
Ivanhoe Electric Inc (IE) registered a 1.92% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.92% in intraday trading to $6.38, hitting a weekly high. The stock’s 5-day price performance is -7.40%, and it has moved by -11.76% in 30 days. Based on these gigs, the overall price performance for the year is -29.11%. The short interest in Ivanhoe Electric Inc (AMEX:IE) is 7.45 million shares and it means that shorts have 14.77 day(s) to cover.
The consensus price target of analysts on Wall Street is $13.5, which implies an increase of 52.74% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $13.5 and $13.5 respectively. As a result, IE is trading at a discount of -111.6% off the target high and -111.6% off the low.
Ivanhoe Electric Inc (IE) estimates and forecasts
Statistics show that Ivanhoe Electric Inc has outperformed its competitors in share price, compared to the industry in which it operates. Ivanhoe Electric Inc (IE) shares have gone down -35.29% during the last six months, with a year-to-date growth rate more than the industry average at 24.62% against 15.20. In the rating firms’ projections, revenue will decrease -39.55% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1M as predicted by 1 analyst(s).
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -64.45%. While earnings are projected to return 23.92% in 2025.
IE Dividends
Ivanhoe Electric Inc is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Ivanhoe Electric Inc (AMEX:IE)’s Major holders
Ivanhoe Electric Inc insiders own 36.95% of total outstanding shares while institutional holders control 64.36%, with the float percentage being 102.07%. BLACKROCK INC. is the largest shareholder of the company, while 186.0 institutions own stock in it. As of 2024-06-30, the company held over 13.59 million shares (or 11.3023% of all shares), a total value of $127.48 million in shares.
The next largest institutional holding, with 11.62 million shares, is of FMR LLC’s that is approximately 9.6597% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $108.95 million.
Also, the Mutual Funds coming in first place with the largest holdings of Ivanhoe Electric Inc (IE) shares are Fidelity Contrafund Inc and Invesco Gold & Special Minerals Fund . Data provided on Nov 30, 2024 indicates that Fidelity Contrafund Inc owns about 4.01 shares. This amounts to just over 3.33 percent of the company’s overall shares, with a $25.61 million market value. The same data shows that the other fund manager holds slightly less at 2.64, or about 2.19% of the stock, which is worth about $16.86 million.
