The Globe and Mail reports in its Friday, Sept. 27, edition that Eight Capital analyst Puneet Singh rates Ivanhoe Electric "buy" in new coverage. The Globe's David Leeder writes in the Eye On Equities column Mr. Singh set a Street-high $18 (U.S.) share target, exceeding the $15.67 (U.S.) consensus. Mr. Singh says in a note: "In our opinion, there isn't a copper vehicle that has an offering like Ivanhoe Electric as it's a development, exploration and technology company wrapped into one. On consensus numbers, [Ivanhoe Electric] has traded on average at a 32-per-cent premium to its copper developer peers over the TTM [trailing 12-month]. We believe that premium was due to the market giving credit to Ivanhoe Electric's executive team's track record and its potential to leverage its exploration prowess to make new discoveries. With copper sentiment having pulled back over recent months, Ivanhoe Electric's premium has dissipated (currently 11 per cent; 52 week range: 3 to 67 per cent ) allowing investors an attractive entry point to buy the stock ahead of drilling results from Saudi Arabia, Santa Cruz's advancement, copper sentiment returning, etc." Mr. Singh says Ivanhoe Electric has "global exploration prowess."