IE Stock Analysis: Ivanhoe Electric | NYSE MKT
Copper | NYSE MKT, USA | Market Cap: 1.377m USD | 12M Return: -47.6% | US46578C1080 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 21.6M
Qual. Beats: 0
Rev. Trend: 19.2%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
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 MKT: IE) is a US-based mineral exploration and development company operating in the United States, Canada, and China. Its portfolio targets copper, gold, silver, nickel, cobalt, and platinum group elements, with its flagship asset being the Santa Cruz Project, a copper exploration venture comprising 6,000 acres of private land with associated water rights in Arizona. The company was incorporated in 2020 and is headquartered in Tempe, Arizona. As a small-cap diversified metals and mining company, Ivanhoe Electric operates in the early-stage exploration phase, seeking to discover and advance economically viable mineral deposits rather than generating revenue from current production, which is typical for companies in this stage of the mining lifecycle.
- Copper prices rally on EV demand, boosting Santa Cruz project economics
- Santa Cruz drilling results expand copper resource estimates
- Capital raise dilutes shareholders amid accelerating exploration cash burn
| 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 20, 2026, the stock is trading at USD 8.78 with a total of 1,937,278 shares traded. Over the past week, the price has changed by -6.40%, over one month by -10.86%, over three months by +8.66% and over the past year by -47.58%.
Current recommended Stop Loss: 7.80 (which is 11.2% or 1.4 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 | 20.6 | 134.4% |
P/S = 455.5951
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 = 1.16b USD (1.38b + Debt 38.1m - CCE 256.9m)
Interest Coverage Ratio = 2.03 (Ebit TTM 11.9m / Interest Expense TTM 5.84m)
EV/FCF = -7.83x (Enterprise Value 1.16b / FCF TTM -148.0m)
FCF Yield = -12.78% (FCF TTM -148.0m / Enterprise Value 1.16b)
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 = 1.98 (Enterprise Value 1.16b / 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 = 13.97% (E(1.38b)/V(1.42b) * Re(14.02%) + D(38.1m)/V(1.42b) * Rd(15.32%) * (1-Tc(0.21)))
Discount Rate = 14.02% (= CAPM, Blume Beta Adj.) -> capped to 12.54%
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=+37.04% | Revisions=+0% | GrowthEPS=+26.8% | GrowthRev=-4.3%
EPS next Year (2027-12-31): EPS=-0.43 | Chg30d=+31.22% | Revisions=+25% | GrowthEPS=+15.0% | GrowthRev=+14.8%
[Analyst] Revisions Ratio: +0% (up=1, down=1)