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: $7.15 to $7.60
• 50-Day Range: N/A
• 52-Week Range: $6.31 to $13.91
• Volume: 3.60 million shs
• Average Volume: 686,021 shs
• Market Capitalization: $869.29 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $16.00
• Consensus Rating: Buy

Ivanhoe Electric Stock Analysis - MarketRank™

Ivanhoe Electric scored higher than 57% 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: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Ivanhoe Electric has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Ivanhoe Electric has only been the subject of 1 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 ($1.32) to ($0.80) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Ivanhoe Electric is -6.75, 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 -6.75, 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 2.28. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

10.11% 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 8.6.

Change versus previous month

Short interest in Ivanhoe Electric has recently increased by 8.06%, 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

10.11% 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 8.6.

Change versus previous month

Short interest in Ivanhoe Electric has recently increased by 8.06%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.4 / 5
• News Sentiment: 1.07

News Sentiment

Ivanhoe Electric has a news sentiment score of 1.07. 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 higher news sentiment than the 0.51 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Ivanhoe Electric this week, compared to 1 article on an average week.

Search Interest

3 people have searched for IE on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added Ivanhoe Electric to their MarketBeat watchlist in the last 30 days. This is a decrease of -71% 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 on January 1st, 2024. Since then, IE shares have decreased by 23.0% and is now trading at $7.22.
View the best growth stocks for 2024 here.

How were Ivanhoe Electric's earnings last quarter?

Ivanhoe Electric Inc. (NYSEAMERICAN:IE) issued its earnings results on Wednesday, August, 7th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by $0.05. The firm had revenue of $0.54 million for the quarter, compared to the consensus estimate 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?

Ivanhoe Electric's top institutional investors include Pentwater Capital Management LP (2.30%), Mak Capital One LLC (1.48%), Goehring & Rozencwajg Associates LLC (1.36%) and Bank of New York Mellon Corp (0.24%). 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.

Company Calendar

• Last Earnings: 8/07/2024
• Today: 9/20/2024
• 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: $16.00
• High Stock Price Target: $18.00
• Low Stock Price Target: $14.00
• Potential Upside/Downside: +111.4%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($1.07)
• 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: 233.70
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $3.16 per share
• Price / Book: 2.40

Miscellaneous

• Outstanding Shares: 120,400,000
• Free Float: 107,674,000
• Market Cap: $911.43 million
• Optionable: Not Optionable
• Beta: 0.81