Brokers Set Expectations for Ivanhoe Electric FY2025 Earnings

Ivanhoe Electric Inc. (NYSEAMERICAN:IE) – Equities researchers at National Bank Financial issued their FY2025 earnings estimates for shares of Ivanhoe Electric in a report issued on Wednesday, September 3rd. National Bank Financial analyst A. Dusome anticipates that the company will post earnings of ($0.72) per share for the year. National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for Ivanhoe Electric’s current full-year earnings is ($1.47) per share. National Bank Financial also issued estimates for Ivanhoe Electric’s FY2026 earnings at ($0.35) EPS and FY2027 earnings at ($0.25) EPS.

IE has been the topic of several other reports. Scotiabank reaffirmed an “outperform” rating on shares of Ivanhoe Electric in a report on Tuesday, June 24th. National Bankshares began coverage on Ivanhoe Electric in a report on Wednesday, September 3rd. They set an “outperform” rating on the stock. JPMorgan Chase & Co. upped their price objective on Ivanhoe Electric from $13.00 to $15.00 and gave the stock an “overweight” rating in a report on Monday, June 30th. Cantor Fitzgerald began coverage on Ivanhoe Electric in a report on Thursday, August 21st. They set an “overweight” rating and a $17.00 price objective on the stock. Finally, Raymond James Financial raised Ivanhoe Electric to a “moderate buy” rating and set a $15.00 price objective on the stock in a report on Monday, June 30th. Two analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $14.00.

Ivanhoe Electric Stock Up 0.3%

Shares of IE stock opened at $8.90 on Monday. The stock has a market cap of $1.18 billion, a P/E ratio of -13.91 and a beta of 0.88. Ivanhoe Electric has a 52 week low of $4.50 and a 52 week high of $13.25. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 0.18. The company’s fifty day simple moving average is $9.84 and its two-hundred day simple moving average is $7.76.

Insider Buying and Selling at Ivanhoe Electric

In other news, VP Graham Richard Thomas Boyd sold 134,059 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $8.92, for a total transaction of $1,195,806.28. Following the transaction, the vice president owned 194,226 shares of the company’s stock, valued at approximately $1,732,495.92. The trade was a 40.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 12.06% of the company’s stock.

Hedge Funds Weigh In On Ivanhoe Electric

Several hedge funds have recently bought and sold shares of IE. Tower Research Capital LLC TRC grew its position in Ivanhoe Electric by 146.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,256 shares of the company’s stock valued at $57,000 after acquiring an additional 3,713 shares during the last quarter. GAMMA Investing LLC grew its position in Ivanhoe Electric by 456.9% in the 1st quarter. GAMMA Investing LLC now owns 11,115 shares of the company’s stock valued at $65,000 after acquiring an additional 9,119 shares during the last quarter. Teacher Retirement System of Texas bought a new position in Ivanhoe Electric in the 1st quarter valued at $67,000. BNP Paribas Financial Markets grew its position in Ivanhoe Electric by 43.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 8,063 shares of the company’s stock valued at $73,000 after acquiring an additional 2,449 shares during the last quarter. Finally, AlphaQuest LLC grew its position in Ivanhoe Electric by 881.3% in the 2nd quarter. AlphaQuest LLC now owns 9,332 shares of the company’s stock valued at $85,000 after acquiring an additional 8,381 shares during the last quarter. Institutional investors own 79.05% of the company’s stock.

About Ivanhoe Electric

Ivanhoe Electric Inc explores and develops metals and mineral. The company provides Typhoon data acquisition system, a geophysical system that offers primary signal. It also explores copper and gold. The company was incorporated in 2020 and is headquartered in Tempe, Arizona.