Ivanhoe Electric (IE) Stock Price, News & Analysis

Company Overview

Ivanhoe Electric Inc. explores and develops metals and mineral. The company provides Typhoon data acquisition system, a geophysical system that offers primary signal. It also explores copper and gold. The company was incorporated in 2020 and is headquartered in Tempe, Arizona.

Key Stats

• Today's Range: $9.83 to $10.28
• 50-Day Range: N/A
• 52-Week Range: $6.31 to $12.98
• Volume: 425,926 shs
• Average Volume: 675,223 shs
• Market Capitalization: $1.19 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $14.00
• Consensus Rating: Strong Buy

Ivanhoe Electric Stock Analysis - MarketRank™

Ivanhoe Electric scored higher than 44% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.8 / 5
• Analyst Rating: Strong Buy

Consensus Rating

Ivanhoe Electric has received a consensus rating of Strong Buy. The company's average rating score is 3.50, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Ivanhoe Electric has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Ivanhoe Electric are expected to grow in the coming year, from ($1.39) to ($0.80) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Ivanhoe Electric is -9.43, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Ivanhoe Electric is -9.43, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Ivanhoe Electric has a P/B Ratio of 3.13. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 0.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

13.24% of the float of Ivanhoe Electric has been sold short.

Short Interest Ratio / Days to Cover

Ivanhoe Electric has a short interest ratio ("days to cover") of 11.9, which indicates bearish sentiment.

Change versus previous month

Short interest in Ivanhoe Electric has recently increased by 18.24%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Ivanhoe Electric does not currently pay a dividend.

Dividend Growth

Ivanhoe Electric does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

13.24% of the float of Ivanhoe Electric has been sold short.

Short Interest Ratio / Days to Cover

Ivanhoe Electric has a short interest ratio ("days to cover") of 11.9, which indicates bearish sentiment.

Change versus previous month

Short interest in Ivanhoe Electric has recently increased by 18.24%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: 0.24

News Sentiment

Ivanhoe Electric has a news sentiment score of 0.24. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Ivanhoe Electric this week, compared to 1 article on an average week.

Search Interest

Only 2 people have searched for IE on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Ivanhoe Electric insiders have not sold or bought any company stock.

Percentage Held by Insiders

10.50% of the stock of Ivanhoe Electric is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

79.05% of the stock of Ivanhoe Electric is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

IE Stock Analysis - Frequently Asked Questions

How have IE shares performed this year?

Ivanhoe Electric's stock was trading at $9.38 at the beginning of 2024. Since then, IE shares have increased by 5.5% and is now trading at $9.90.
View the best growth stocks for 2024 here.

How were Ivanhoe Electric's earnings last quarter?

Ivanhoe Electric Inc. (NYSEAMERICAN:IE) announced its quarterly earnings results on Wednesday, August, 7th. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.34) by $0.05. The company earned $0.54 million during the quarter, compared to analyst estimates of $1 million. Ivanhoe Electric had a negative trailing twelve-month return on equity of 32.81% and a negative net margin of 4,142.17%.

Who are Ivanhoe Electric's major shareholders?

Top institutional shareholders of Ivanhoe Electric include LexAurum Advisors LLC (0.06%), SG Americas Securities LLC (0.04%), Creative Planning (0.02%) and nVerses Capital LLC. Insiders that own company stock include I-Pulse Inc, Robert M Friedland, Taylor Melvin, Joseph Taylor Melvin, Mark Andrew Stuart Gibson, Graham Richard Thomas Boyd, Catherine Anne Barone, Glen Nickolas Kuntz and Evan James Macmillan Young.
View institutional ownership trends.

How do I buy shares of Ivanhoe Electric?

Shares of IE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Ivanhoe Electric own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Ivanhoe Electric investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Meta Platforms (META), Broadcom (AVGO), Netflix (NFLX), Vertiv (VRT) and Cadence Design Systems (CDNS).

Company Calendar

• Last Earnings: 8/07/2024
• Today: 10/17/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSEAMERICAN
• Sector: Business Services
• Industry: Metal mining
• Sub-Industry: Non-Metallic And Industrial Metal Mining
• Current Symbol: NYSEAMERICAN:IE
• CUSIP: N/A
• CIK: N/A
• Web: ivanhoeelectric.com
• Phone: 604-689-8765
• Fax: N/A
• Employees: 90
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $14.00
• High Stock Price Target: $14.00
• Low Stock Price Target: $14.00
• Potential Upside/Downside: +41.4%
• Consensus Rating: Strong Buy
• Rating Score (0-4): 3.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($1.05)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-199,380,000.00
• Net Margins: -4,142.17%
• Pretax Margin: -8,713.46%
• Return on Equity: -32.81%
• Return on Assets: -24.52%

Debt

• Debt-to-Equity Ratio: 0.22
• Current Ratio: 3.66
• Quick Ratio: 3.52

Sales & Book Value

• Annual Sales: $3.90 million
• Price / Sales: 305.63
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $3.16 per share
• Price / Book: 3.13

Miscellaneous

• Outstanding Shares: 120,400,000
• Free Float: 107,756,000
• Market Cap: $1.19 billion
• Optionable: Not Optionable
• Beta: 0.82