IE coverage initiationJefferies - Buy target 13.5
BMO Nesbitt Burns analyst Andrew Mikitchook initiated coverage of Vancouver-based
Ivanhoe Electric Inc. with an “outperform” rating and US$15 target.
“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,” he said.
https://www.theglobeandmail.com/investing/markets/inside-the-market/article-mondays-analyst-upgrades-and-downgrades-199/