What Are The Chances Of Ivanhoe Electric Inc (AMEX: IE) Becoming A Clear Buy?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

The company is listed on the AMEX and operates within the Copper industry segment. The current market capitalization of Ivanhoe Electric Inc is $1.45B. A total of 0.75 million shares were traded on the day, compared to an average of 492.42K shares.

In the most recent transaction, Kuntz Glen Nickolas bought 1,342 shares of IE for 8.23 per share on Mar 06 ’24. After the transaction, the SVP, Mine Development now owns 3,042 company shares. In a previous transaction on Mar 01 ’24, Markin Quentin bought 20,000 shares at 7.45 per share. IE shares that the insider owns now total 69,950.

Among the insiders who bought shares, Boyd Graham Richard Thomas acquired of 4,000 shares on Feb 29 ’24 at a per-share price of $7.44. This resulted in the Senior VP, Exploration holding 6,510 shares of IE after the transaction. In another insider transaction, Joseph Cassandra Pulskamp bought 2,000 shares at $7.42 per share on Feb 28 ’24. Company shares held by the Gen Counsel & Corp Secretary now total 2,000.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, IE has a high of $16.75 and a low of $7.29.

As of this writing, IE has an earnings estimate of -$0.19 per share for the current quarter. EPS was calculated based on a consensus of 3.0 estimates, with a high estimate of -$0.02 per share and a lower estimate of -$0.34. The company reported an EPS of -$0.41 in the last quarter

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. IE’s latest balance sheet shows that the firm has $49.85M in Cash & Short Term Investments as of fiscal 2021. There were $79.23M in debt and $40.58M in liabilities at the time. Its Book Value Per Share was $2.76, while its Total Shareholder’s Equity was $27.81M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for IE is Buy with a score of 4.80.

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