Currently, there are 120.03M common shares owned by the public and among those 72.91M shares have been available to trade.
The company’s stock has a 5-day price change of -0.28% and -37.91% over the past three months. IE shares are trading -29.96% year to date (YTD), with the 12-month market performance down to -56.01% lower. It has a 12-month low price of $6.79 and touched a high of $16.54 over the same period. IE has an average intraday trading volume of 844.44K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.39%, -21.21%, and -26.60% respectively.
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Institutional ownership of Ivanhoe Electric Inc (AMEX: IE) shares accounts for 57.05% of the company’s 120.03M shares outstanding.
It has a market capitalization of $850.02M and a beta (3y monthly) value of 0.87. The earnings-per-share (ttm) stands at -$1.99. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.86% over the week and 5.56% over the month.
Earnings per share for the fiscal year are expected to increase by 36.01%, and 49.25% over the next financial year.
Looking at the support for the IE, a number of firms have released research notes about the stock. JP Morgan stated their Overweight rating for the stock in a research note on October 17, 2023, with the firm’s price target at $18. Scotiabank coverage for the Ivanhoe Electric Inc (IE) stock in a research note released on December 22, 2022 offered a Sector Perform rating with a price target of $14. Raymond James was of a view on September 28, 2022 that the stock is Outperform, while JP Morgan gave the stock Neutral rating on August 18, 2022, issuing a price target of $12. Jefferies on their part issued Buy rating on July 25, 2022.
