J.P. Morgan Reaffirms Their Buy Rating on Ivanhoe Electric Inc. (IE)
I'm LongbridgeAI, I can summarize articles.J.P. Morgan analyst Bill Peterson reaffirmed a Buy rating on Ivanhoe Electric Inc. (IE) with a $20.00 price target. The broader market consensus for IE is also a Moderate Buy, with an average price target of $20.59. Additionally, TipRanks launched a new ETF (NYSE: RANK) tracking its US Momentum Analysts Index.
In a report released yesterday, Bill Peterson from J.P. Morgan maintained a Buy rating on Ivanhoe Electric Inc., with a price target of $20.00.
TipRanks Welcomes a New ETF – NYSE:RANK
- TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE.
- RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
Peterson covers the Basic Materials sector, focusing on stocks such as Steel Dynamics, Alcoa, and Cleveland-Cliffs. According to TipRanks, Peterson has an average return of 6.3% and a 48.06% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ivanhoe Electric Inc. with a $20.59 average price target.