01:53:04 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Ivanhoe Electric Inc
Symbol IE
Shares Issued 92,887,918
Close 2022-07-26 C$ 11.18
Market Cap C$ 1,038,486,923
Recent Sedar Documents

Globe says new coverage rates Ivanhoe "outperform"

2022-07-26 08:21 ET - In the News

The Globe and Mail reports in its Tuesday, July 26, edition that BMO Nesbitt Burns analyst Andrew Mikitchook initiated coverage of Vancouver-based Ivanhoe Electric with an "outperform" rating and $15 (U.S.) share target. The Globe's David Leeder writes in the Eye On Equities column that Mr. Mikitchook says in a note: "Our valuation is underpinned by the large copper resource at the company's Santa Cruz project, as well as proprietary geophysics and grid storage technologies. The company has assembled a notable portfolio of copper exploration assets with the aim to deliver multiple new sizable sources of domestic copper production to support the global shift to green energy and electrification." The Globe reported on June 29 that Ivanhoe Electric had priced its initial public offering at $11.75 (U.S.) a share and raised $169.1-million (U.S.). The Globe said Ivanhoe Electric had targeted selling its shares as high as $12.50 (U.S.) apiece the week before. The shares on June 29 could be had for $9.71 (U.S.).

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