JPMorgan ups Ivanhoe Electric target, opens ‘Positive Catalyst Watch’

JPMorgan analyst Bill Peterson raised the firm’s price target on Ivanhoe Electric (IE) to $189 from $14 and keeps an Overweight rating on the shares. JPMorgan also placed Ivanhoe on “Positive Catalyst Watch” into the Q3 report. With the Santa Cruz final investment decision expected in the coming months, share upside will likely driven by third party partnerships and potential U.S. government support, the analyst tells investors in a research note. The firm established December 2026 price targets for the North America base metals group, incorporating higher real long-term copper and gold pricing.