In the last trading session, 1.04 million Ivanhoe Electric Inc (AMEX:IE) shares changed hands as the company’s beta touched 0.69. With the company’s per share price at $6.36 changed hands at $0.31 or 5.12% during last session, the market valuation stood at $843.12M. IE’s last price was a discount, traded about -104.09% off its 52-week high of $12.98. The share price had its 52-week low at $5.34, which suggests the last value was 16.04% up since then. When we look at Ivanhoe Electric Inc’s average trading volume, we note the 10-day average is 0.82 million shares, with the 3-month average coming to 681.17K.
Analysts gave the Ivanhoe Electric Inc (IE) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 8 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended IE as a Hold, 7 felt it is a Buy and 0 rated the stock as Underweight. Ivanhoe Electric Inc’s EPS for the current quarter is expected to be 0.
Ivanhoe Electric Inc (AMEX:IE) trade information
Instantly IE was in green as seen at the end of in last trading. With action 14.18%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -15.76%, with the 5-day performance at 14.18% in the green. However, in the 30-day time frame, Ivanhoe Electric Inc (AMEX:IE) is 6.35% up. Looking at the short shares, we see there were 8.71 million shares sold at short interest cover period of 11.28 days.
The consensus price target for the stock as assigned by Wall Street analysts is 13.5, meaning bulls need an upside of 52.89% from its current market value. According to analyst projections, IE’s forecast low is 13.5 with 13.5 as the target high. To hit the forecast high, the stock’s price needs a -112.26% plunge from its current level, while the stock would need to soar -112.26% for it to hit the projected low.
Ivanhoe Electric Inc (IE) estimates and forecasts
Year-over-year growth is forecast to reach -25.92% down from the last financial year.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -32.06%. The 2025 estimates are for Ivanhoe Electric Inc earnings to increase by 23.88%, but the outlook for the next 5-year period is at 34.83% per year.
IE Dividends
Ivanhoe Electric Inc is expected to release its next quarterly earnings report on 2025-Feb-26.
Ivanhoe Electric Inc (AMEX:IE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 33.87% of Ivanhoe Electric Inc shares while 58.26% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 88.10%. There are 58.26% institutions holding the Ivanhoe Electric Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 11.3023% of the shares, roughly 13.59 million IE shares worth $127.48 million.
FMR LLC holds the second largest percentage of outstanding shares, with 9.6597% or 11.62 million shares worth $108.95 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Fidelity Contrafund Inc and Invesco Gold & Special Minerals Fund . With 4.01 shares estimated at $25.53 million under it, the former controlled 3.03% of total outstanding shares. On the other hand, Invesco Gold & Special Minerals Fund held about 1.99% of the shares, roughly 2.64 shares worth around $16.81 million.
