Ivanhoe Electric Inc. (IE) AI Stock Analysis

• Market Cap: $1.27B
• Dividend Yield: N/A
• Average Volume (3M): 1.54M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.55
• Revenue Growth: -8.59%
• EPS Growth: 57.74%
• Country: US
• Employees: 240
• Sector: Basic Materials
• Sector Strength: 55
• Industry: Software - Application
• EPS (TTM): -0.24
• Shares Outstanding: 132,590,320
• 10 Day Avg. Volume: 1,883,119
• 30 Day Avg. Volume: 1,543,917
• PEG Ratio: -0.61
• Price to Book (P/B): 4.23
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -9.68
• Enterprise Value/Market Cap: 1.06
• Enterprise Value/Revenue: 109.78
• Enterprise Value/Gross Profit: -37.38
• Enterprise Value/Ebitda: -2.00
• 1Y Price Target: $15.20
• Price Target Upside: 59.00% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5

• Rating: 51 Neutral
• Price Target: $9.50 ▼(-0.63%Downside)

Ivanhoe Electric's score is primarily impacted by its weak financial performance and valuation metrics, reflecting ongoing profitability challenges and negative earnings. However, recent strategic corporate events, including a positive feasibility study and asset sale, provide significant upside potential. The technical analysis offers mixed signals, with a slight lean towards a neutral to bearish trend.

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 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 with declining revenues, negative profitability margins, and weak cash flow metrics. Despite a strong equity position and manageable leverage, the company's ability to generate positive cash flow and profits is notably constrained.

Income Statement

Ivanhoe Electric Inc. shows a declining revenue trend with a significant drop from $8.44M in 2022 to $3.27M in TTM. The gross profit margin is negative, indicating cost of goods sold exceeds revenue. Net profit margin is also negative due to persistent net losses. Despite a slight increase in revenue from 2024 to TTM, margins remain weak, reflecting ongoing profitability challenges.

Balance Sheet

The balance sheet reflects moderate stability with a high equity ratio of 74.1% in TTM, indicating a strong equity position. The debt-to-equity ratio is 0.23, showing manageable leverage. However, consistent losses have impacted stockholders' equity, and the company’s assets have decreased over recent periods.

Cash Flow

The cash flow analysis reveals significant challenges with negative operating and free cash flows, highlighting difficulties in generating cash from operations. The free cash flow growth rate remains negative, showing no improvement in cash flow generation. The operating cash flow to net income ratio is unfavorable, indicating inefficiencies in converting income to cash.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.90M	3.90M	8.44M	4.65M	4.63M
Gross Profit	1.88M	917.00K	5.30M	3.13M	2.85M
EBITDA	-134.95M	-211.06M	-153.15M	-62.24M	-25.26M
Net Income	-128.62M	-199.38M	-160.22M	-68.51M	-29.85M
Balance Sheet
Total Assets	375.51M	487.23M	260.49M	153.53M	71.72M
Cash, Cash Equivalents and Short-Term Investments	40.97M	205.04M	139.66M	49.85M	9.34M
Total Debt	69.86M	79.19M	37.04M	79.23M	6.48M
Total Liabilities	94.50M	110.95M	58.04M	125.72M	23.03M
Stockholders Equity	268.64M	374.25M	206.38M	21.93M	41.98M
Cash Flow
Free Cash Flow	-175.67M	-232.60M	-160.15M	-66.22M	-39.71M
Operating Cash Flow	-162.10M	-150.51M	-115.73M	-47.83M	-22.98M
Investing Cash Flow	-14.47M	-150.77M	-48.38M	-22.63M	-16.75M
Financing Cash Flow	18.89M	366.45M	254.41M	110.98M	44.09M

Ivanhoe Electric Inc. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 9.56
• 50DMA: Positive
• 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 9.56 is below the 20-day moving average (MA) of 10.64, above the 50-day MA of 9.13, and above the 200-day MA of 7.82, indicating a neutral trend. The MACD of 0.32 indicates Positive momentum. The RSI at 44.22 is Neutral, neither overbought nor oversold. The STOCH value of 8.95 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
DSP	73 Outperform	$907.22M	481.73	4.15%	―	30.64%	―
Sector *	71 Outperform	¥178.90B	10.14	6.29%	3.17%	3.86%	-0.18%
FRGE	59 Neutral	$253.96M	―	-30.28%	―	14.78%	16.74%
SMRT	57 Neutral	$190.06M	―	-22.66%	―	-25.43%	-135.09%
BMBL	56 Neutral	$803.61M	―	-46.57%	―	-2.39%	-2961.26%
IE	51 Neutral	$1.27B	―	-32.46%	―	-8.59%	57.74%
ONTF	50 Neutral	$210.68M	―	-24.47%	―	-8.39%	7.79%

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.

The most recent analyst rating on (IE) stock is a Buy with a $10.00 price target. To see the full list of analyst forecasts on Ivanhoe Electric Inc. stock, see the IE Stock Forecast page.

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.

The most recent analyst rating on (IE) stock is a Buy with a $10.00 price target. To see the full list of analyst forecasts on Ivanhoe Electric Inc. stock, see the IE Stock Forecast page.

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.

The most recent analyst rating on (IE) stock is a Buy with a $18.00 price target. To see the full list of analyst forecasts on Ivanhoe Electric Inc. stock, see the IE Stock Forecast page.

Ivanhoe Electric Appoints New Chief Geophysics Officer

On May 7, 2025, Ivanhoe Electric Inc. announced the resignation of Mark Gibson as Chief Geophysics Officer and principal operating officer, effective May 9, 2025. The company’s Board of Directors appointed Glen Kuntz, previously the Senior Vice President of Mine Development, to succeed him. Kuntz, a seasoned mining executive with over thirty years of experience, has held various roles within the company and its subsidiaries since early 2022.

Ivanhoe Electric Sells Stake in Alacrán Project

On May 8, 2025, Ivanhoe Electric’s subsidiary, Cordoba Minerals Corp., signed an agreement to sell its remaining 50% stake in the Alacrán Copper Project in Colombia to a consortium led by JCHX Mining Management Co., Ltd. for up to $128 million. The transaction, which includes an initial cash payment of $88 million, a deferred payment of $12 million, and contingent payments based on copper prices, marks a significant milestone for Ivanhoe Electric in monetizing its investment. The proceeds will support Ivanhoe Electric’s U.S.-based projects and exploration initiatives, while Cordoba will continue its operations with a focus on the Perseverance Copper Project in Arizona.