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An update from Ivanhoe Electric Inc. ( (IE) ) is now available.
Ivanhoe Electric Inc. has completed the final land acquisition payments for the Santa Cruz Copper Project in Arizona, totaling $39.3 million, which clears the way for initial mine construction activities, pending necessary permits. This strategic move positions the company to begin construction in early 2026 and aims for first copper cathode production by late 2028, enhancing its industry positioning and contributing to domestic supply of critical metals.
The most recent analyst rating on (IE) stock is a Hold with a $11.50 price target. To see the full list of analyst forecasts on Ivanhoe Electric Inc. stock, see the IE Stock Forecast page.
Spark’s Take on IE Stock
According to Spark, TipRanks’ AI Analyst, IE is a Neutral.
Ivanhoe Electric Inc. is facing significant financial challenges, with declining revenues, negative profitability, and ongoing cash deficits. Technical analysis indicates weak market momentum, and valuation metrics are unattractive due to negative earnings and no dividend yield. These factors contribute to a low overall stock score.
To see Spark’s full report on IE stock, click here.
More about Ivanhoe Electric Inc.
Ivanhoe Electric Inc. is a U.S.-based minerals exploration company focused on developing mines from mineral deposits primarily located in the United States. The company aims to support American supply chain independence by discovering and delivering copper and other critical metals essential for advanced manufacturing, infrastructure, technology, and national security. Ivanhoe Electric employs advanced geophysical surveying and data analytics to enhance mineral exploration, with a focus on copper, nickel, cobalt, platinum group elements, gold, and silver. The company is also involved in a joint venture in Saudi Arabia and has an exploration alliance with BHP Group Limited.
Average Trading Volume: 2,001,897
Technical Sentiment Signal: Buy
Current Market Cap: $1.77B
See more insights into IE stock on TipRanks’ Stock Analysis page.