Ivanhoe Electric Inc. (IE) Gets a Buy from Raymond James
Raymond James analyst Judith Elliott initiated coverage with a Buy rating on Ivanhoe Electric Inc. on June 30 and set a price target of $15.00. The company’s shares closed yesterday at $9.02.
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Currently, the analyst consensus on Ivanhoe Electric Inc. is a Strong Buy with an average price target of $15.20, implying a 68.51% upside from current levels. In a report released on June 30, J.P. Morgan also maintained a Buy rating on the stock with a $15.00 price target.
IE market cap is currently $1.2B and has a P/E ratio of -10.63.
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