(IE) Ivanhoe Electric - Overview

Sector: Basic Materials | Industry: Copper | Exchange: NYSE MKT (USA) | Market Cap: 2.184m USD | Total Return: 89% in 12m

Copper, Gold, Silver, Nickel, Cobalt
Total Rating 25
Safety 12
Buy Signal -1.04
Copper
Industry Rotation: -22.4
Market Cap: 2.18B
Avg Turnover: 24.3M
Risk 3d forecast
Volatility81.3%
VaR 5th Pctl14.0%
VaR vs Median4.33%
Reward TTM
Sharpe Ratio1.17
Rel. Str. IBD70.5
Rel. Str. Peer Group36.5
Character TTM
Beta2.125
Beta Downside2.542
Hurst Exponent0.561
Drawdowns 3y
Max DD71.12%
CAGR/Max DD0.01
CAGR/Mean DD0.02
EPS (Earnings per Share) EPS (Earnings per Share) of IE over the last years for every Quarter: "2021-03": null, "2021-06": null, "2021-09": null, "2021-12": null, "2022-03": -0.23, "2022-06": -0.85, "2022-09": -0.43, "2022-12": -0.265, "2023-03": -0.39, "2023-06": -0.41, "2023-09": -0.74, "2023-12": -0.38, "2024-03": -0.46, "2024-06": -0.3888, "2024-09": -0.3591, "2024-12": 0.1403, "2025-03": -0.24, "2025-06": -0.18, "2025-09": -0.1318, "2025-12": -0.1657, "2026-03": -0.467,
EPS CAGR: 89.37%
EPS Trend: 54.6%
Last SUE: -1.13
Qual. Beats: -1
Revenue Revenue of IE over the last years for every Quarter: 2021-03: 1.559, 2021-06: 1.495, 2021-09: 1.045, 2021-12: 0.553, 2022-03: 6.762, 2022-06: 0.229, 2022-09: 1.181, 2022-12: 0.268, 2023-03: 0.679, 2023-06: 1.314, 2023-09: 0.239, 2023-12: 1.671, 2024-03: 0.36, 2024-06: 0.538, 2024-09: 0.671, 2024-12: 1.332, 2025-03: 0.735, 2025-06: 1.068, 2025-09: 0.545, 2025-12: 0.896, 2026-03: 0.858,
Rev. CAGR: 42.22%
Rev. Trend: 33.6%
Last SUE: -0.32
Qual. Beats: 0

Warnings

Share dilution 25.1% YoY

Interest Coverage Ratio -16.6 is critical

Altman Z'' -14.89 < 1.0 - financial distress zone

Choppy

Tailwinds

Confidence

Description: IE Ivanhoe Electric

Ivanhoe Electric Inc. (IE) is a U.S.-based mineral exploration and development company focused on critical metals required for the global energy transition. The company primarily targets copper, gold, silver, nickel, cobalt, and platinum group elements through its key assets: the Santa Cruz Project in Arizona and the Tintic Project in Utah. Unlike traditional miners, Ivanhoe Electric often utilizes proprietary geophysical surveying technologies to identify deep metal accumulations that are not visible from the surface.

The company operates within the Diversified Metals & Mining sub-industry, where business models are highly capital-intensive and sensitive to long-term commodity price cycles. Copper remains a core focus for the entity due to its essential role in electrical infrastructure and electric vehicle manufacturing. Investors looking for deeper financial metrics should evaluate the latest data on ValueRay to complete their analysis.

Headquartered in Tempe, Arizona, the firm maintains additional exploration interests in Canada and China. As an early-stage developer, its value proposition is tied to the successful conversion of exploration targets into proven mineral reserves and the securing of necessary environmental permits for extraction.

Headlines to Watch Out For
  • Santa Cruz copper project feasibility results drive long-term asset valuation
  • Typhoon geophysical technology adoption increases mineral discovery success rates
  • Global copper supply deficits and electrification demand impact share price
  • Capital expenditure requirements for Utah and Arizona projects affect liquidity
  • Strategic partnerships and joint ventures dictate exploration funding capacity
Piotroski VR‑10 (Strict) 0.0
Net Income: -33.6m TTM > 0 and > 6% of Revenue
FCF/TA: -0.21 > 0.02 and ΔFCF/TA 10.11 > 1.0
NWC/Revenue: 7.52k% < 20% (prev 2.35k%; Δ 5.17k% < -1%)
CFO/TA -0.20 > 3% & CFO -120.3m > Net Income -33.6m
Net Debt/EBITDA: error (EBITDA <= 0)
Current Ratio: 6.25 > 1.5 & < 3
Outstanding Shares: last quarter (158.5m) vs 12m ago 25.12% < -2%
Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin)
Asset Turnover: 0.67% > 50% (prev 0.79%; Δ -0.12% > 0%)
Interest Coverage Ratio: -16.57 > 6 (EBITDA TTM -110.0m / Interest Expense TTM 6.81m)
Altman Z'' -14.89
A: 0.43 (Total Current Assets 301.5m - Total Current Liabilities 48.2m) / Total Assets 594.3m
B: -1.00 (Retained Earnings -594.3m / Total Assets 594.3m)
C: -0.22 (EBIT TTM -112.9m / Avg Total Assets 504.3m)
D: -12.31 (Book Value of Equity -598.5m / Total Liabilities 48.6m)
Altman-Z'' Score: -14.89 = D
Beneish M -1.99
DSRI: 0.50 (Receivables 5.90m/11.4m, Revenue 3.37m/3.28m)
GMI: 1.00 (fallback, negative margins)
AQI: 3.15 (AQ_t 0.48 / AQ_t-1 0.15)
SGI: 1.03 (Revenue 3.37m / 3.28m)
TATA: 0.15 (NI -33.6m - CFO -120.3m) / TA 594.3m)
Beneish M-Score: -1.99 (Cap -4..+1) = B
What is the price of IE shares? As of May 18, 2026, the stock is trading at USD 12.76 with a total of 2,619,145 shares traded.
Over the past week, the price has changed by -8.20%, over one month by -17.14%, over three months by -17.36% and over the past year by +89.04%.
Is IE a buy, sell or hold? 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
What are the forecasts/targets for the IE price?
Analysts Target Price 21.8 70.5%
Ivanhoe Electric (IE) - Fundamental Data Overview as of 16 May 2026
P/S = 648.7747
P/B = 4.0725
Revenue TTM = 3.37m USD
EBIT TTM = -112.9m USD
EBITDA TTM = -110.0m USD
Long Term Debt = 2.16m USD (from capitalLeaseObligations, last fiscal year)
Short Term Debt = 35.0m USD (from shortTermDebt, last quarter)
Debt = 35.4m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -256.5m USD (from netDebt column, last quarter)
Enterprise Value = 1.93b USD (2.18b + Debt 35.4m - CCE 291.8m)
Interest Coverage Ratio = -16.57 (Ebit TTM -112.9m / Interest Expense TTM 6.81m)
EV/FCF = -15.23x (Enterprise Value 1.93b / FCF TTM -126.6m)
FCF Yield = -6.57% (FCF TTM -126.6m / Enterprise Value 1.93b)
 FCF Margin = -3.76k% (FCF TTM -126.6m / Revenue TTM 3.37m)
 Net Margin = -998.6% (Net Income TTM -33.6m / Revenue TTM 3.37m)
 Gross Margin = unknown ((Revenue TTM 3.37m - Cost of Revenue TTM 59.3m) / Revenue TTM)
 Tobins Q-Ratio = 3.24 (Enterprise Value 1.93b / Total Assets 594.3m)
Interest Expense / Debt = 2.34% (Interest Expense 829k / Debt 35.4m)
Taxrate = 13.03% (12.2m / 93.6m)
NOPAT = -98.2m (EBIT -112.9m * (1 - 13.03%)) [loss with tax shield]
Current Ratio = 6.25 (Total Current Assets 301.5m / Total Current Liabilities 48.2m)
Debt / Equity = 0.07 (Debt 35.4m / totalStockholderEquity, last quarter 540.3m)
 Debt / EBITDA = 2.33 (negative EBITDA) (Net Debt -256.5m / EBITDA -110.0m)
 Debt / FCF = 2.03 (negative FCF - burning cash) (Net Debt -256.5m / FCF TTM -126.6m)
 Total Stockholder Equity = 382.5m (last 4 quarters mean from totalStockholderEquity)
RoA = -6.67% (Net Income -33.6m / Total Assets 594.3m)
RoE = -8.79% (Net Income TTM -33.6m / Total Stockholder Equity 382.5m)
RoCE = -29.35% (EBIT -112.9m / Capital Employed (Equity 382.5m + L.T.Debt 2.16m))
 RoIC = -25.27% (negative operating profit) (NOPAT -98.2m / Invested Capital 388.5m)
 WACC = 13.28% (E(2.18b)/V(2.22b) * Re(13.46%) + D(35.4m)/V(2.22b) * Rd(2.34%) * (1-Tc(0.13)))
Discount Rate = 13.46% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 98.88 | Cagr: 13.15%
 [DCF] Fair Price = unknown (Cash Flow -126.6m)
 EPS Correlation: 54.59 | EPS CAGR: 89.37% | SUE: -1.13 | # QB: -1
Revenue Correlation: 33.58 | Revenue CAGR: 42.22% | SUE: -0.32 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.14 | Chg30d=+36.62% | Revisions=+20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=-0.18 | Chg30d=-13.53% | Revisions=+20% | Analysts=1
EPS current Year (2026-12-31): EPS=-0.45 | Chg30d=+2.79% | Revisions=+20% | GrowthEPS=+35.5% | GrowthRev=-0.4%
EPS next Year (2027-12-31): EPS=-0.46 | Chg30d=+15.73% | Revisions=+20% | GrowthEPS=-3.3% | GrowthRev=+13.3%
[Analyst] Revisions Ratio: +20%