Ivanhoe Electric Inc. (IE) Earns Outperform Rating on Copper Potential and Tech Edge

Ivanhoe Electric Inc. (NYSE:IE) is one of the best American mining stocks to buy now. On September 4, National Bank Financial initiated coverage on Ivanhoe Electric Inc. with an Outperform rating and a price target of C$18.00, citing its advanced mineral exploration capabilities and strategic importance to U.S. supply chain goals.

The firm highlighted Ivanhoe’s flagship Santa Cruz Copper Project in Arizona, which is expected to deliver domestic copper cathode to support national resource independence. Analysts also emphasized Ivanhoe’s proprietary Typhoon technology and its majority-owned Computational Geosciences Inc., which enhances its ability to locate high-value copper deposits. Strategic partnerships with major mining firms and the leadership of Executive Chair Robert Friedland further strengthen the company’s outlook.

Ivanhoe Electric Inc. (NYSE:IE) is a U.S. minerals exploration and development company that uses advanced technology to discover and develop critical metals like copper for electrification. The company also manufactures grid-scale vanadium redox battery storage systems through its control of VRB Energy.

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Disclosure: None. This article is originally published at Insider Monkey.