Ivanhoe Electric Inc. (IE) AI Stock Analysis

• Market Cap: $1.23B
• Dividend Yield: N/A
• Average Volume (3M): 1.50M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.65
• Revenue Growth: 35.54%
• EPS Growth: 67.79%
• Country: US
• Employees: 240
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Software - Application
• EPS (TTM): -0.18
• Shares Outstanding: 132,817,230
• 10 Day Avg. Volume: 833,827
• 30 Day Avg. Volume: 1,495,580
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.98
• Enterprise Value/Revenue: 316.20
• Enterprise Value/Gross Profit: -97.64
• Enterprise Value/Ebitda: -15.35
• 1Y Price Target: $15.33
• Price Target Upside: 70.71% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5

• Rating: 40 Neutral
• Price Target: $9.00 ▲(0.22% Upside)

Ivanhoe Electric Inc.'s overall stock score is primarily impacted by its challenging financial performance, marked by negative profit margins and cash flow issues. Technical analysis further indicates bearish momentum. While the feasibility study for the Santa Cruz Copper Project is a positive corporate event, it does not offset the significant financial and technical challenges.

Ivanhoe Electric Inc. Business Overview & Revenue Model

Company Description

Ivanhoe Electric Inc. (IE) is a technology-driven company specializing in the exploration and development of electric metals, with a particular focus on copper and other essential materials for the electrification of the economy. The company operates primarily in the mining sector, leveraging advanced exploration techniques and innovative technologies to identify and develop mineral resources that are critical for the production of electric vehicles, renewable energy systems, and other electrification technologies.

How the Company Makes Money

Ivanhoe Electric Inc. generates revenue primarily through the exploration, development, and production of mineral resources, particularly copper. The company utilizes its proprietary exploration technology to identify high-potential mineral deposits, which it then develops into operational mines. Revenue streams include the sale of extracted minerals and any potential joint ventures or partnerships with other mining and technology companies. Significant partnerships with industrial and technological firms also contribute to its earnings by facilitating resource development and expanding its operational capabilities.

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 margins and cash flow deficits. The balance sheet shows manageable leverage, but the negative return on equity underscores the need for improved operational efficiency and profitability.

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	3.81M	2.90M	3.90M	8.44M	4.65M	4.63M
Gross Profit	-12.32M	1.88M	917.00K	5.30M	3.13M	2.85M
EBITDA	-78.39M	-134.95M	-211.06M	-153.15M	-62.24M	-25.26M
Net Income	-80.69M	-128.62M	-199.38M	-160.22M	-68.51M	-29.85M
Balance Sheet
Total Assets	400.47M	375.51M	487.23M	260.49M	153.53M	71.72M
Cash, Cash Equivalents and Short-Term Investments	89.29M	40.97M	205.04M	139.66M	49.85M	9.34M
Total Debt	72.59M	69.86M	79.19M	37.04M	79.23M	6.48M
Total Liabilities	89.69M	94.50M	110.95M	58.04M	125.72M	23.03M
Stockholders Equity	293.34M	268.64M	374.25M	206.38M	21.93M	41.98M
Cash Flow
Free Cash Flow	-79.35M	-175.67M	-232.60M	-160.15M	-66.22M	-39.71M
Operating Cash Flow	-67.59M	-162.10M	-150.51M	-115.73M	-47.83M	-22.98M
Investing Cash Flow	-13.74M	-14.47M	-150.77M	-48.38M	-22.63M	-16.75M
Financing Cash Flow	72.74M	18.89M	366.45M	254.41M	110.98M	44.09M

Ivanhoe Electric Inc. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 8.98
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IE, the sentiment is Neutral. The current price of 8.98 is below the 20-day moving average (MA) of 9.77, below the 50-day MA of 9.76, and above the 200-day MA of 7.77, indicating a neutral trend. The MACD of -0.22 indicates Positive momentum. The RSI at 42.92 is Neutral, neither overbought nor oversold. The STOCH value of 13.91 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IE.

Ivanhoe Electric Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.07B	6.27	0.58%	3.01%	2.91%	-45.05%
DSP	59 Neutral	$593.00M	276.49	5.20%	―	30.92%	―
FRGE	58 Neutral	$272.30M	―	-28.14%	―	14.78%	21.87%
SMRT	58 Neutral	$282.11M	―	-25.48%	―	-28.45%	-224.48%
ONTF	54 Neutral	$223.38M	―	-22.60%	―	-6.88%	15.83%
BMBL	50 Neutral	$663.59M	―	-75.71%	―	-5.06%	-2318.18%
IE	40 Neutral	$1.23B	―	-27.71%	―	35.54%	67.79%

Ivanhoe Electric Inc. Corporate Events

Ivanhoe Electric Completes Feasibility Study for Copper Project

On June 23, 2025, Ivanhoe Electric Inc. announced the completion of a Preliminary Feasibility Study for its Santa Cruz Copper Project in Arizona. The study outlines a high-quality underground mining operation with strong economic potential, including an after-tax net present value of $1.4 billion and a 20% internal rate of return at a base copper price of $4.25 per pound. The project, which is set to begin construction in 2026 and produce its first copper cathode in 2028, is expected to produce 1.4 million tonnes of copper cathode over a 23-year mine life. The Santa Cruz Project is strategically positioned to support the U.S. domestic supply of copper, benefiting from its location on private land, which facilitates a streamlined permitting process.

Ivanhoe Electric Simplifies Voting with Recent Amendment

Ivanhoe Electric Inc. announced that during its 2025 Annual Meeting of Stockholders, the amendment and restatement of its Certificate of Incorporation was approved to eliminate the supermajority voting requirements. This change, effective June 6, 2025, simplifies the voting process and could potentially impact the company’s governance and decision-making processes.

Ivanhoe Electric Inc. Holds 2025 Annual Stockholder Meeting

On June 5, 2025, Ivanhoe Electric Inc. held its 2025 Annual Meeting of Stockholders, where 92% of eligible shares were represented. The stockholders approved several proposals, including the election of nine directors, an advisory vote on executive compensation, the ratification of Deloitte LLP as the independent auditor for 2025, and amendments to eliminate supermajority voting requirements.