Ivanhoe Electric Inc. (IE) AI Stock Analysis

• Market Cap: $2.44B
• Dividend Yield: N/A
• Average Volume (3M): 1.86M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.86
• Revenue Growth: 13.58%
• EPS Growth: 74.26%
• Country: US
• Employees: 240
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Software - Application
• EPS (TTM): -0.18
• Shares Outstanding: 144,714,780
• 10 Day Avg. Volume: 1,494,617
• 30 Day Avg. Volume: 1,860,078
• PEG Ratio: 0.16
• Price to Book (P/B): 3.38
• Price to Sales (P/S): 313.36
• P/FCF Ratio: -5.17
• Enterprise Value/Market Cap: 0.49
• Enterprise Value/Revenue: 327.02
• Enterprise Value/Gross Profit: -43.05
• Enterprise Value/Ebitda: -22.91
• 1Y Price Target: $20.00
• Price Target Upside: 18.69% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): -0.76
• Revenue Forecast (FY): $3.34M

• Rating: 57 Neutral
• Price Target: $16.00 ▼(-5.04% Downside)

Ivanhoe Electric Inc.'s stock score is primarily impacted by its poor financial performance and valuation metrics. However, positive technical indicators and recent corporate events provide some optimism. The company's ability to leverage these opportunities will be crucial for future performance.

Positive Factors

Strategic Partnership Expansion

The expanded partnership with Maaden enhances exploration opportunities, potentially increasing resource access and strengthening market position.

Secured Financing

The $200M credit agreement supports long-term project development, strengthening financial stability and enabling strategic growth initiatives.

Revenue Growth

Positive revenue growth indicates increasing demand and effective market strategies, supporting long-term business expansion and sustainability.

Negative Factors

Negative Profitability

Sustained negative profitability and declining revenues highlight financial challenges, potentially impacting long-term viability and investment appeal.

Cash Flow Deficits

Persistent cash flow deficits strain liquidity, limiting operational flexibility and potentially hindering future growth and investment capacity.

Poor Returns on Equity

Negative ROE indicates inefficiencies in generating shareholder returns, raising concerns about management effectiveness and long-term financial health.

Ivanhoe Electric Inc. Business Overview & Revenue Model

Company Description

Ivanhoe Electric Inc. operates as a mineral exploration and development company in the United States. It operates through Critical Metals, Technology, and Energy Storage. The company holds 84.6% interests in the Tintic copper-gold project covering an area of 65 square kilometers located in Utah. It also holds an option to acquire a 100% interest in the Santa Cruz copper project covering an area of 77.59 square kilometers located in Arizona; 75% interest in the Hog Heaven silver-gold-copper project covering an area of 24.2 square kilometers located in Montana; and 60% interest in the Ivory Coast project covering an area of 1,125 square kilometers located in the Ivory Coast. The company also provides data analytics, geophysical modelling, and artificial intelligence services for the mineral, oil and gas, and water exploration industries; and develops, manufactures, and installs vanadium flow batteries for grid-scale energy storage. Ivanhoe Electric Inc. was incorporated in 2020 and is based in Vancouver, Canada.

How the Company Makes Money

Ivanhoe Electric generates revenue primarily through the mining and sale of copper and silver. The company's revenue model is based on the extraction, processing, and selling of these metals to industrial customers and markets. Key revenue streams include direct sales of mined copper and silver, as well as potential partnerships with other mining firms and investors that enable shared access to technology and resources. Significant partnerships with technology providers and strategic joint ventures also contribute to its earnings by enhancing operational efficiencies and expanding market reach.

Ivanhoe Electric Inc. Financial Statement Overview

Summary

Ivanhoe Electric Inc. faces significant financial challenges, particularly in profitability and cash flow management. Despite positive revenue growth, the company struggles with negative profit margins and cash flow deficits. The balance sheet shows manageable leverage, but the negative return on equity highlights the need for improved operational efficiency.

Income Statement

Ivanhoe Electric Inc. shows a challenging financial performance with negative profit margins across the board. The TTM data indicates a gross profit margin of -10.96% and a net profit margin of -31.63%, reflecting significant operational inefficiencies. Revenue growth is positive at 16.18% TTM, suggesting some improvement in sales, but the negative EBIT and EBITDA margins highlight ongoing profitability issues.

Balance Sheet

The company's balance sheet reveals a moderate debt-to-equity ratio of 0.23 TTM, indicating manageable leverage levels. However, the return on equity is negative at -11.79%, pointing to challenges in generating returns for shareholders. The equity ratio is not explicitly calculated, but the overall asset base appears stable.

Cash Flow

Cash flow analysis shows a negative operating cash flow and free cash flow, with a significant decline in free cash flow growth at -43.53% TTM. The operating cash flow to net income ratio is negative, indicating cash flow challenges relative to earnings. The free cash flow to net income ratio is slightly above 1, suggesting some alignment between cash flow and reported earnings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.68M	2.90M	3.90M	8.44M	4.65M	4.63M
Gross Profit	-27.96M	1.88M	917.00K	5.30M	3.13M	2.85M
EBITDA	-52.53M	-134.95M	-211.06M	-154.42M	-62.24M	-25.26M
Net Income	-54.98M	-128.62M	-199.38M	-149.81M	-59.32M	-25.23M
Balance Sheet
Total Assets	386.15M	374.93M	487.23M	260.49M	153.53M	71.72M
Cash, Cash Equivalents and Short-Term Investments	73.46M	40.97M	205.04M	139.66M	49.85M	9.34M
Total Debt	74.03M	69.86M	79.19M	27.03M	79.23M	6.48M
Total Liabilities	92.39M	94.50M	110.95M	58.04M	125.72M	23.03M
Stockholders Equity	280.13M	268.64M	374.25M	206.38M	21.93M	41.98M
Cash Flow
Free Cash Flow	-97.06M	-165.03M	-232.60M	-160.15M	-66.22M	-39.71M
Operating Cash Flow	-94.20M	-162.10M	-150.51M	-115.73M	-47.83M	-22.98M
Investing Cash Flow	26.27M	11.91M	-150.77M	-48.38M	-22.63M	-16.75M
Financing Cash Flow	54.56M	-7.49M	366.45M	254.41M	110.98M	44.09M

Ivanhoe Electric Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 16.85
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IE, the sentiment is Positive. The current price of 16.85 is above the 20-day moving average (MA) of 15.06, above the 50-day MA of 14.25, and above the 200-day MA of 10.07, indicating a bullish trend. The MACD of 0.75 indicates Negative momentum. The RSI at 64.71 is Neutral, neither overbought nor oversold. The STOCH value of 91.26 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IE.

Ivanhoe Electric Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CXM	77 Outperform	$1.90B	18.25	21.35%	―	6.48%	168.94%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ALKT	61 Neutral	$2.43B	-54.41	-12.74%	―	30.72%	9.70%
DBD	58 Neutral	$2.49B	50.79	4.66%	―	-2.86%	985.78%
IE	57 Neutral	$2.44B	-40.86	-20.74%	―	13.58%	74.26%
GRND	53 Neutral	$2.49B	-36.41	-171.54%	―	28.97%	-4.18%

Ivanhoe Electric Inc. Corporate Events

Ivanhoe Electric Secures $200M Credit for Copper Project

On December 12, 2025, Ivanhoe Electric Inc.‘s subsidiary, Mesa Cobre Holding Corporation, secured a $200 million credit agreement with several banks, including the National Bank of Canada, to support the Santa Cruz Copper Project in Arizona. This agreement strengthens Ivanhoe Electric’s financial position and aids in the development and construction of the project, marking a significant step in their long-term financing strategy, which includes potential project-level equity investments and long-term debt.

Ivanhoe Electric Announces Public Offering Agreement

On October 22, 2025, Ivanhoe Electric Inc. entered into an Underwriting Agreement with BMO Capital Markets Corp. for a public offering of 10,000,000 shares of common stock at $15.00 per share. The net proceeds of approximately $144 million, or $165 million if an additional option is exercised, will be used for payments related to the Santa Cruz Copper Project in Arizona, early development and exploration activities, and general corporate purposes. The offering is expected to close on October 23, 2025, and includes customary representations and indemnifications.

Ivanhoe Electric Expands Exploration with Maaden Partnership

On September 4, 2025, Saudi Arabian Mining Company (Maaden) expanded its joint venture with Ivanhoe Electric Inc. by providing an additional 1,345 square kilometers of exploration licenses. This move signifies a significant development in the partnership, potentially enhancing exploration opportunities and strengthening the company’s position in the mining industry.