Ivanhoe Electric Inc. (IE) AI Stock Analysis

• Market Cap: $2.16B
• Dividend Yield: N/A
• Average Volume (3M): 2.20M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.84
• 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: 2,305,619
• 30 Day Avg. Volume: 2,201,354
• 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: 0.56
• Enterprise Value/Revenue: 327.02
• Enterprise Value/Gross Profit: -43.05
• Enterprise Value/Ebitda: -22.91
• 1Y Price Target: $20.00
• Price Target Upside: 34.14% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): -0.75
• Revenue Forecast (FY): $3.54M

• Rating: 54 Neutral
• Price Target: $15.00 ▲(0.60% Upside)

Ivanhoe Electric Inc. has a challenging financial position with declining revenues and negative profitability, significantly impacting its overall score. However, the technical analysis shows positive momentum, and the recent corporate event with Maaden is a strong positive development. The valuation remains weak due to negative earnings and lack of dividends.

Positive Factors

Sustainability Focus

The company's focus on sustainability and renewable energy positions it well in an industry increasingly prioritizing environmental impact, potentially driving long-term growth.

Technological Innovation

By leveraging advanced technologies, Ivanhoe Electric can improve operational efficiency and reduce costs, providing a competitive edge in the mining sector.

Strategic Partnerships

Partnerships provide access to additional resources and markets, enhancing revenue potential and financial stability over the long term.

Negative Factors

Declining Revenues

Continued revenue decline indicates potential market share loss and challenges in maintaining competitive positioning, impacting long-term growth.

Negative Cash Flow

Persistent negative cash flow can strain liquidity and limit the company's ability to invest in growth opportunities, affecting future prospects.

Poor Profitability

Negative profitability reflects inefficiencies and challenges in cost management, which could hinder long-term financial health and shareholder returns.

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 through the exploration, development, and potential production of mineral resources, particularly copper. The company's revenue model is primarily based on the sale of mined minerals and the potential for joint ventures or partnerships with other mining entities. Key revenue streams include income from mineral sales, royalties from operational partners, and potential future earnings from the production of copper and critical minerals. Additionally, strategic partnerships with other companies in the mining sector help to bolster its financial standing and provide access to resources and markets, contributing significantly to its earnings.

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: 14.91
• 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 14.91 is above the 20-day moving average (MA) of 13.06, above the 50-day MA of 13.76, and above the 200-day MA of 9.40, indicating a bullish trend. The MACD of 0.29 indicates Negative momentum. The RSI at 58.52 is Neutral, neither overbought nor oversold. The STOCH value of 87.14 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	18.42	21.35%	―	6.48%	168.94%
SPNS	68 Neutral	$2.42B	37.82	13.07%	1.36%	4.71%	-9.94%
ALKT	63 Neutral	$2.26B	―	-12.74%	―	30.72%	9.70%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
DBD	58 Neutral	$2.34B	47.89	4.66%	―	-2.86%	985.78%
IE	54 Neutral	$2.16B	―	-20.74%	―	13.58%	74.26%
GRND	51 Neutral	$2.49B	-36.41	-171.54%	―	28.97%	-4.18%

Ivanhoe Electric Inc. Corporate Events

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.