Ivanhoe Electric Inc. (IE)
XASE:IE
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Ivanhoe Electric Inc.
(NYSE MKT:IE)
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Rating:49Neutral
Price Target:
$9.00
▼(-41.56% Downside)
Action:Reiterated
Date:06/05/26
The score is held down mainly by weak financial performance (deep losses and ongoing cash burn despite a stronger balance sheet) and a valuation profile constrained by negative earnings. Technicals are neutral and recent corporate events provide some support, but not enough to offset the core profitability and cash-flow risks.
Positive Factors
Balance-sheet resilience
Ivanhoe Electric’s low leverage and materially larger equity cushion provide durable financial flexibility for a junior explorer. With total assets expanded and modest debt, the company can fund multi-year exploration and development programs longer before needing dilutive capital, reducing near-term solvency risk.
Negative Factors
Persistent negative cash flow
Sustained negative operating and free cash flow indicate the business consumes capital rather than generates it. Over months this raises the likelihood of further external funding, dilutive financings or slowed project activity, constraining the company’s ability to self-fund development milestones.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet resilience
Ivanhoe Electric’s low leverage and materially larger equity cushion provide durable financial flexibility for a junior explorer. With total assets expanded and modest debt, the company can fund multi-year exploration and development programs longer before needing dilutive capital, reducing near-term solvency risk.
Read all positive factors
Ivanhoe Electric Inc. (IE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.45B
Dividend YieldN/A
Average Volume (3M)2.16M
Price to Earnings (P/E)―
Beta (1Y)2.44
Revenue Growth2.78%
EPS Growth66.97%
CountryUS
Employees240
SectorBasic Materials
Sector Strength58
IndustryCopper
Share Statistics
EPS (TTM)-0.28
Shares Outstanding158,291,600
10 Day Avg. Volume2,622,398
30 Day Avg. Volume2,163,946
Financial Highlights & Ratios
PEG Ratio0.77
Price to Book (P/B)5.13
Price to Sales (P/S)658.03
P/FCF Ratio-22.90
Enterprise Value/Market Cap1.07
Enterprise Value/Revenue462.13
Enterprise Value/Gross Profit-27.82
Enterprise Value/Ebitda125.56
Forecast
1Y Price Target
$21.07Price Target Upside36.83% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.04
Revenue Forecast (FY)$4.35M
Ivanhoe Electric Inc. Business Overview & Revenue Model
Company Description
Ivanhoe Electric Inc. primarily engages in mineral exploration and development activities across the United States. Its operations are structured into three main segments: Critical Metals, Technology, and Energy Storage. Within its Critical Metals...
How the Company Makes Money
Ivanhoe Electric’s revenue model is primarily tied to (1) advancing its mineral projects toward value-creation events and (2) monetizing (or potentially monetizing) its exploration technology.
1) Mineral project value creation (primary driver):
-...
Ivanhoe Electric Inc. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
63
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.37M | 3.24M | 2.90M | 3.90M | 8.44M | 4.65M |
| Gross Profit | -55.92M | -64.12M | 1.88M | 917.00K | 5.30M | 3.13M |
| EBITDA | 12.39M | -117.94M | -134.95M | -211.06M | -154.42M | -62.24M |
| Net Income | -33.62M | -105.87M | -128.62M | -199.38M | -149.81M | -59.32M |
Balance Sheet | ||||||
| Total Assets | 594.31M | 484.13M | 374.93M | 487.23M | 260.49M | 153.53M |
| Cash, Cash Equivalents and Short-Term Investments | 291.82M | 176.27M | 40.97M | 205.04M | 139.66M | 49.85M |
| Total Debt | 35.37M | 36.98M | 69.86M | 79.19M | 27.03M | 79.23M |
| Total Liabilities | 48.64M | 60.56M | 94.50M | 110.95M | 58.04M | 125.72M |
| Stockholders Equity | 540.28M | 416.11M | 268.64M | 374.25M | 206.38M | 21.93M |
Cash Flow | ||||||
| Free Cash Flow | -126.59M | -93.20M | -165.03M | -232.60M | -160.15M | -66.22M |
| Operating Cash Flow | -120.32M | -89.20M | -162.10M | -150.51M | -115.73M | -47.83M |
| Investing Cash Flow | 140.68M | 24.84M | 11.91M | -150.77M | -48.38M | -22.63M |
| Financing Cash Flow | 170.56M | 194.47M | -7.49M | 366.45M | 254.41M | 110.98M |
Ivanhoe Electric Inc. Technical Analysis
Negative
15.40
Price Trends
12.67
Negative
13.44
Negative
13.93
Negative
Market Momentum
-0.87
Positive
30.64
Neutral
3.86
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IE, the sentiment is Negative. The current price of 15.4 is above the 20-day moving average (MA) of 11.43, above the 50-day MA of 12.67, and above the 200-day MA of 13.93, indicating a bearish trend. The MACD of -0.87 indicates Positive momentum. The RSI at 30.64 is Neutral, neither overbought nor oversold. The STOCH value of 3.86 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IE.
Ivanhoe Electric Inc. Risk Analysis
Ivanhoe Electric Inc. disclosed 70 risk factors in its most recent earnings report. Ivanhoe Electric Inc. reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Ivanhoe Electric Inc. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $2.55B | 28.40 | 123.31% | ― | 31.02% | ― | |
63 Neutral | $1.21B | 44.83 | 5.25% | ― | 8.10% | -73.21% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | $1.76B | -34.67 | -13.96% | ― | 32.73% | -27.71% | |
59 Neutral | $2.94B | 28.42 | 9.97% | ― | 4.32% | ― | |
49 Neutral | $1.45B | -32.79 | -8.79% | ― | 2.78% | 66.97% |
* Basic Materials Sector Average
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Ivanhoe Electric Inc. Corporate Events
Executive/Board ChangesShareholder Meetings
Ivanhoe Electric Stockholders Back Directors and Executive Pay
Positive
Jun 4, 2026
On June 4, 2026, Ivanhoe Electric Inc. held its 2026 Annual Meeting of Stockholders, with approximately 90.25% of eligible shares represented, constituting a quorum. Stockholders elected nine directors to serve until the next annual meeting or ear...
Business Operations and StrategyExecutive/Board Changes
Ivanhoe Electric Subsidiary Confirms Interim CEO Leadership Agreement
Neutral
May 21, 2026
On May 20, 2026, Ivanhoe Electric’s majority-owned subsidiary Cordoba Minerals Corp. entered into a consulting agreement with Quentin Markin to formalize his role as interim Chief Executive Officer, a position he had been announced to hold s...
Business Operations and Strategy
Ivanhoe Electric to Acquire TBM for Santa Cruz Project
Positive
May 11, 2026
On May 11, 2026, Ivanhoe Electric announced plans to acquire a purpose-built Robbins Crossover XRE tunnel boring machine and integrated material handling system for approximately $64.7 million to develop the decline at its Santa Cruz Copper Projec...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.