Ivanhoe Electric (US:IE) Financial Modeling Prepยท2025-10-28 22:20Core Insights - Ivanhoe Electric Inc. is focused on the exploration and development of electric metals crucial for electric vehicles and renewable energy technologies [1] - Scotiabank has set a price target of $17.50 for Ivanhoe Electric, indicating a potential increase of approximately 16.94% from its current price of $14.97 [1][5] Financial Highlights - Ivanhoe Electric completed the full exercise and closing of the underwriters' option, selling an additional 1.5 million shares as part of a public offering of 10 million shares at $15.00 each, resulting in total gross proceeds of $172.5 million [2][5] - The current stock price is $14.93, reflecting a decrease of 2.10% or $0.32, with a trading range today between $14.73 and $15.25 [3] - Over the past year, the stock has experienced significant volatility, with a high of $17.90 and a low of $4.50 [3] - Ivanhoe Electric's market capitalization is approximately $1.98 billion, with a trading volume of 780,741 shares, indicating strong investor interest [4][5]