JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Ivanhoe Electric (NYSEAMERICAN:IE) Stock

Ivanhoe Electric (NYSEAMERICAN:IE - Get Free Report) had its price target boosted by equities research analysts at JPMorgan Chase & Co. from $18.00 to $22.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 32.05% from the stock's current price.Get Ivanhoe Electric alerts:A number of other equities research analysts also recently issued reports on the stock. Raymond James Financial increased their price target on shares of Ivanhoe Electric from $15.00 to $16.00 and gave the stock an "outperform" rating in a report on Friday, October 10th. Scotiabank reaffirmed an "outperform" rating on shares of Ivanhoe Electric in a report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to MarketBeat, Ivanhoe Electric currently has a consensus rating of "Buy" and an average target price of $18.13.Read Our Latest Analysis on IEIvanhoe Electric Stock PerformanceShares of IE opened at $16.66 on Thursday. Ivanhoe Electric has a 52-week low of $4.50 and a 52-week high of $17.90. The stock's 50-day simple moving average is $14.36 and its 200 day simple moving average is $12.12. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of -40.63 and a beta of 0.98. Insider Activity at Ivanhoe ElectricIn related news, insider Quentin Markin sold 90,000 shares of the company's stock in a transaction that occurred on Monday, December 29th. The shares were sold at an average price of $16.34, for a total value of $1,470,600.00. Following the transaction, the insider directly owned 728,493 shares in the company, valued at approximately $11,903,575.62. This represents a 11.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 12.06% of the company's stock. Hedge Funds Weigh In On Ivanhoe ElectricLarge investors have recently modified their holdings of the company. Rhumbline Advisers boosted its stake in Ivanhoe Electric by 5.4% in the first quarter. Rhumbline Advisers now owns 112,663 shares of the company's stock worth $655,000 after buying an additional 5,740 shares in the last quarter. Invst LLC bought a new stake in shares of Ivanhoe Electric in the 1st quarter worth approximately $1,302,000. Ballentine Partners LLC bought a new stake in shares of Ivanhoe Electric in the 2nd quarter worth approximately $93,000. Eagle Global Advisors LLC boosted its stake in shares of Ivanhoe Electric by 7.6% in the 2nd quarter. Eagle Global Advisors LLC now owns 17,000 shares of the company's stock valued at $154,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Truist Financial Corp grew its holdings in shares of Ivanhoe Electric by 36.4% during the 2nd quarter. Truist Financial Corp now owns 15,000 shares of the company's stock valued at $136,000 after purchasing an additional 4,000 shares during the last quarter. 79.05% of the stock is owned by hedge funds and other institutional investors. Ivanhoe Electric Company Profile (Get Free Report)Ivanhoe Electric NYSEAMERICAN: IE is a mineral exploration and project-development company focused on the discovery and advancement of battery-metal deposits. The company's portfolio targets copper, nickel, silver, gold and zinc resources that support the growing demand for electrification and clean-energy technologies. Through systematic geological mapping, drilling and metallurgical testing, Ivanhoe Electric aims to delineate large-scale, strategically located mineral systems. Headquartered in Greenwood Village, Colorado, Ivanhoe Electric has assembled a diversified land package across North America and Europe.See AlsoFive stocks we like better than Ivanhoe ElectricYou Still Think Silver’s a Joke? Watch What Happens Next.A U.S. “birthright” claim worth trillions - activated quietlyA month before the crashYDES Could Be 2026's Biotech BreakthroughTrump Era Reset? Why Gold Could Explode to $6,000This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Ivanhoe Electric Right Now?Before you consider Ivanhoe Electric, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ivanhoe Electric wasn't on the list.While Ivanhoe Electric currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here