In last trading session, Ivanhoe Electric Inc (AMEX:IE) saw 0.63 million shares changing hands with its beta currently measuring 0.72. Company’s recent per share price level of $6.05 trading at $0.25 or 4.31% at ring of the bell on the day assigns it a market valuation of $802.02M. That closing price of IE’s stock is at a discount of -114.55% from its 52-week high price of $12.98 and is indicating a premium of 11.74% from its 52-week low price of $5.34. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.82 million shares which gives us an average trading volume of 682.04K 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 1.00. 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.
Ivanhoe Electric Inc (AMEX:IE) trade information
Upright in the green during last session for gaining 4.31%, in the last five days IE remained trading in the green while hitting it’s week-highest on Friday, 03/14/25 when the stock touched $6.05 price level, adding 0.82% to its value on the day. Ivanhoe Electric Inc’s shares saw a change of -19.87% in year-to-date performance and have moved 4.67% in past 5-day. Ivanhoe Electric Inc (AMEX:IE) showed a performance of -2.58% in past 30-days. Number of shares sold short was 8.71 million shares which calculate 11.28 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 13.5 to the stock, which implies a rise of 55.19% to its current value. Analysts have been projecting 13.5 as a low price target for the stock while placing it at a high target of 13.5. It follows that stock’s current price would drop -123.14% in reaching the projected high whereas dropping to the targeted low would mean a loss of -123.14% for stock’s current value.
Ivanhoe Electric Inc (IE) estimates and forecasts
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 -32.06% during past 5 years. In 2025, company’s earnings growth rate is likely to be around 23.88% while estimates for its earnings growth in next 5 years are of 34.83%.
Ivanhoe Electric Inc (AMEX:IE)’s Major holders
Insiders are in possession of 33.87% of company’s total shares while institution are holding 58.26 percent of that, with stock having share float percentage of 88.10%. Investors also watch the number of corporate investors in a company very closely, which is 58.26% 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.
On the other hand, Fidelity Contrafund Inc and Invesco Gold & Special Minerals Fund are the top two Mutual Funds which own company’s shares. As of Dec 31, 2024 , the former fund manager was holding 4.01 shares of worth $24.28 million or 3.03% of the total outstanding shares. The later fund manager was in possession of 2.64 shares on Oct 31, 2024 , making its stake of worth around $15.99 million in the company or a holder of 1.99% of company’s stock.
