Ivanhoe Electric (TSE:IE) Stock Crosses Above 200-Day Moving Average – Here’s Why
by Amy Steele · The Cerbat GemIvanhoe Electric Inc. (TSE:IE – Get Free Report)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$19.51 and traded as high as C$22.18. Ivanhoe Electric shares last traded at C$21.59, with a volume of 25,350 shares changing hands.
Analyst Ratings Changes
Separately, National Bank Financial increased their price objective on Ivanhoe Electric from C$26.50 to C$33.00 in a research report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$27.75.
Check Out Our Latest Stock Report on IE
Ivanhoe Electric Stock Down 13.0%
The stock’s fifty day moving average price is C$23.43 and its 200 day moving average price is C$19.51. The company has a current ratio of 3.34, a quick ratio of 8.83 and a debt-to-equity ratio of 8.89. The stock has a market cap of C$2.96 billion, a P/E ratio of -23.81 and a beta of 1.82.
About Ivanhoe Electric
We are a United States domiciled minerals exploration company with a focus on developing mines from mineral deposits principally located in the United States. We seek to support American supply chain independence by finding and delivering copper and other critical metals vital to advanced manufacturing, infrastructure development, technology, and national security. We use our powerful Typhoon¿ geophysical surveying system, together with advanced data analytics provided by our 94.3% owned subsidiary, Computational Geosciences Inc (“CGI”), to accelerate and de-risk the mineral exploration process as we seek to discover new deposits of critical metals that may otherwise be undetectable by traditional exploration technologies.