Ivanhoe Electric price target raised to $15 from $13 at JPMorgan

JPMorgan raised the firm’s price target on Ivanhoe Electric (IE) to $15 from $13 and keeps an Overweight rating on the shares. Last week, Ivanhoe released its pre-feasibility study for its flagship Santa Cruz copper project in Arizona, which “marks a major milestone” and paves the way for securing project financing over the coming quarters before initial construction begins in the first half of 2026, the analyst tells investors.