IE Stock Analysis: Ivanhoe Electric | NYSE MKT
Copper | NYSE MKT, USA | Market Cap: 1.666m USD | 12M Return: -15.3% | US46578C1080 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 23.2M
Qual. Beats: 0
Rev. Trend: 19.2%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 4.2 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Ivanhoe Electric Inc. (NYSE: IE) is a US-based mineral exploration and development company that operates in the United States, Canada, and China, with a portfolio targeting copper, gold, silver, nickel, cobalt, and platinum group elements. Its flagship asset is the Santa Cruz Project, a copper exploration property covering 6,000 acres of private land in Arizona. The company was incorporated in 2020, is headquartered in Tempe, Arizona, and went public in mid-2022.
As a member of the Materials sector within the Diversified Metals & Mining sub-industry, Ivanhoe Electric sits among companies that locate and advance mineral deposits rather than produce refined metals at scale. The Santa Cruz Projects focus on copper is notable because copper is a key conductor in electrification and grid infrastructure, making exploration-stage copper developers increasingly relevant to the energy transition theme.
- Copper prices rally on electrification and supply deficit
- Santa Cruz Project drilling expands Arizona copper resource
- Capital raises dilute shares to fund exploration pipeline
| Net Income: -34.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.25 > 0.02 and ΔFCF/TA 1.25 > 1.0 |
| NWC/Revenue: 7.17k% < 20% (prev 2.03k%; Δ 5.14k% < -1%) |
| CFO/TA -0.21 > 3% & CFO -120.3m > Net Income -34.4m |
| Net Debt (-218.8m) to EBITDA (14.5m): -15.07 < 3 |
| Current Ratio: 5.05 > 1.5 & < 3 |
| Outstanding Shares: last quarter (158.4m) vs 12m ago 19.42% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 0.61% > 50% (prev 0.95%; Δ -0.34% > 0%) |
| Interest Coverage Ratio: 2.03 > 6 (EBIT TTM 11.9m / Interest Expense TTM 5.84m) |
| A: 0.37 (Total Current Assets 270.1m - Total Current Liabilities 53.5m) / Total Assets 584.8m |
| B: -1.06 (Retained Earnings -618.9m / Total Assets 584.8m) |
| C: 0.02 (EBIT TTM 11.9m / Avg Total Assets 492.6m) |
| D: 9.69 (Book Value of Equity 525.8m / Total Liabilities 54.2m) |
| Altman-Z'' = 9.32 = AAA |
| DSRI: 0.85 (Receivables 7.74m/11.4m, Revenue 3.02m/3.81m) |
| GMI: 1.00 (fallback, negative margins) |
| AQI: 0.74 (AQ_t 0.53 / AQ_t-1 0.71) |
| SGI: 0.79 (Revenue 3.02m / 3.81m) |
| TATA: 0.15 (NI -34.4m - CFO -120.3m) / TA 584.8m) |
| Beneish M = -3.44 (Cap -4..+1) = AA |
As of October 06, 2026, the stock is trading at USD 10.33 with a total of 1,524,513 shares traded. Over the past week, the price has changed by -2.91%, over one month by -6.43%, over three months by +8.62% and over the past year by -15.26%.
Current recommended Stop Loss: 9.30 (which is 10% or 1.5 ATR below the current price).
Ivanhoe Electric has received a consensus analysts rating of 4.25. Therefore, it is recommended to buy IE.
- StrongBuy: 1
- Buy: 3
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 21.4 | 107.4% |
P/S = 551.1486
P/B = 3.2597
Revenue TTM = 3.02m USD
EBIT TTM = 11.9m USD
EBITDA TTM = 14.5m USD
Long Term Debt = 748k USD (estimated: total debt 36.6m - short term 35.9m)
Short Term Debt = 35.9m USD (from shortTermDebt, last quarter)
Debt = 38.1m USD (from shortLongTermDebtTotal, last quarter) + Leases 1.46m
Net Debt = -218.8m USD (calculated: Debt 38.1m - CCE 256.9m)
Enterprise Value = 1.45b USD (1.67b + Debt 38.1m - CCE 256.9m)
Interest Coverage Ratio = 2.03 (Ebit TTM 11.9m / Interest Expense TTM 5.84m)
EV/FCF = -9.78x (Enterprise Value 1.45b / FCF TTM -148.0m)
FCF Yield = -10.23% (FCF TTM -148.0m / Enterprise Value 1.45b)
FCF Margin = -4.90k% (FCF TTM -148.0m / Revenue TTM 3.02m)
Net Margin = -1.14k% (Net Income TTM -34.4m / Revenue TTM 3.02m)
Gross Margin = unknown ((Revenue TTM 3.02m - Cost of Revenue TTM 44.5m) / Revenue TTM)
Tobins Q-Ratio = 2.47 (Enterprise Value 1.45b / Total Assets 584.8m)
Interest Expense / Debt = 15.32% (Interest Expense 5.84m / Debt 38.1m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 9.37m (EBIT 11.9m * (1 - 21.00%))
Current Ratio = 5.05 (Total Current Assets 270.1m / Total Current Liabilities 53.5m)
Debt / Equity = 0.07 (Debt 38.1m / totalStockholderEquity, last quarter 525.8m)
Debt / EBITDA = -15.07 (Net Debt -218.8m / EBITDA 14.5m)
Debt / FCF = 1.48 (negative FCF - burning cash) (Net Debt -218.8m / FCF TTM -148.0m)
Total Stockholder Equity = 440.6m (last 4 quarters mean from totalStockholderEquity)
RoA = -6.99% (Net Income -34.4m / Total Assets 584.8m)
RoE = -7.81% (Net Income TTM -34.4m / Total Stockholder Equity 440.6m)
RoCE = 2.69% (EBIT 11.9m / Capital Employed (Equity 440.6m + L.T.Debt 748k))
RoIC = 1.65% (NOPAT 9.37m / Invested Capital 567.1m)
WACC = 14.67% (E(1.67b)/V(1.70b) * Re(14.73%) + D(38.1m)/V(1.70b) * Rd(15.32%) * (1-Tc(0.21)))
Discount Rate = 14.73% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 92.00 | Cagr: 13.01%
[DCF] Fair Price = unknown (Cash Flow -148.0m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.05 | # QB: 0
Revenue Correlation: 19.21 | Revenue CAGR: 2.86% | SUE: -0.72 | # QB: 0
EPS current Quarter (2026-09-30): EPS=-0.06 | Chg30d=+8.33% | Revisions=-25% | Analysts=2
EPS current Year (2026-12-31): EPS=-0.51 | Chg30d=+37.80% | Revisions=+0% | GrowthEPS=+26.8% | GrowthRev=-4.2%
EPS next Year (2027-12-31): EPS=-0.43 | Chg30d=+31.76% | Revisions=+25% | GrowthEPS=+15.0% | GrowthRev=+14.9%
[Analyst] Revisions Ratio: +0% (up=1, down=1)