Ivanhoe Electric Inc.

Ivanhoe Electric Inc. Stock Forecast & Price Prediction

Live Ivanhoe Electric Inc. Stock (IE) Price
$10.90

0

Ratings

  • Buy 0
  • Hold 0
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$10.90

P/E Ratio

-5.59

Volume Traded Today

$1.2M

Dividend

Dividends not available for IE

52 Week High/low

12.98/6.31

Ivanhoe Electric Inc. Market Cap

$1.30B

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IE Summary

From what 0 stock analysts predict, the share price for Ivanhoe Electric Inc. (IE) might increase by 49.08% in the next year. This is based on a 12-month average estimation for IE. Price targets go from $14 to $18. The majority of stock analysts believe IE is a sell. Please note analyst price targets are not guaranteed and could be missed completely.

IE Analyst Ratings

About 0 Wall Street analysts have assignedIE 0 buy ratings, 0 hold ratings, and 0 sell ratings. This means that analysts expect Ivanhoe Electric Inc. to sell. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on IE. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.

IE stock forecast by analyst

These are the latest 20 analyst ratings of IE.

Analyst/Firm

Rating

Price Target

Change

Date

Orest Wowkodaw
Scotiabank

Sector Outperform

$14

Maintains

Aug 19, 2024
Orest Wowkodaw
Scotiabank

Sector Outperform

$14.5

Maintains

Apr 9, 2024
Bill Peterson
JP Morgan

Overweight

$18

Initiates

Oct 17, 2023
Andrew Mikitchook
BMO Capital

Outperform

$20

Maintains

Sep 7, 2023
Andrew Mikitchook
BMO Capital

Outperform

$18

Maintains

Feb 15, 2023
Orest Wowkodaw
Scotiabank

Sector Perform

$14

Initiates

Dec 22, 2022
Farooq Hamed
Raymond James

Outperform

$12

Initiates

Sep 28, 2022
Michael Glick
JP Morgan

Neutral

$12

Initiates

Aug 18, 2022
Christopher LeFemina
Jefferies

Buy

$13.5

Initiates

Jul 25, 2022
Andrew Mikitchook
BMO Capital

Outperform

$15

Initiates

Jul 25, 2022

IE Company Information

What They Do: Explores and develops metals and minerals.

Business Model: The company generates revenue through the exploration and development of metals, primarily focusing on copper and gold. Their business model includes offering advanced geophysical systems like the Typhoon data acquisition system, which aids in mineral exploration.

Other Information: Founded in 2020 and headquartered in Tempe, Arizona, Ivanhoe Electric Inc. holds a 100% interest in the Santa Cruz Copper Project. This strategic asset positions the company in the growing demand for essential metals and minerals.
IE
Ivanhoe Electric Inc. (IE)

When did it IPO

2022

Staff Count

244

Country

United States

Sector/Industry

Basic Materials/Copper

CEO

Mr. Taylor Melvin

Market Cap

$1.30B

Ivanhoe Electric Inc. (IE) Financial Data

In 2023, IE generated $3.9M in revenue, which was a decrease of -53.76% from the previous year. This can be seen as a signal that IE's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$4.6M

Revenue From 2021

$4.7M

0.41 %
From Previous Year

Revenue From 2022

$8.4M

81.43 %
From Previous Year

Revenue From 2023

$3.9M

-53.76 %
From Previous Year
  • Revenue TTM $2.8M
  • Operating Margin TTM -9,023.4%
  • Gross profit TTM $917,000
  • Return on assets TTM -34.4%
  • Return on equity TTM -104.0%
  • Profit Margin 23.5%
  • Book Value Per Share 2.40%
  • Market capitalisation $1.30B
  • Revenue for 2021 $4.7M
  • Revenue for 2022 $8.4M
  • Revenue for 2023 $3.9M
  • EPS this year (TTM) $-2.00

Ivanhoe Electric Inc. (IE) Latest News

News Image

Tue, 15 Oct 2024

Sentiment - NEUTRAL

Source - Newsfile Corp

Summary - Ivanhoe Electric will invest $20 million from transaction proceeds to establish a US-based Vanadium Redox Flow Battery business through its subsidiary VRB Energy, as announced on October 15, 2024.

Why It Matters - The allocation of $20 million to establish a US-based vanadium battery business signals strategic growth and diversification, potentially enhancing Ivanhoe Electric's market position and revenue streams.

News Image

Wed, 09 Oct 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

Summary - Ivanhoe Electric's share price has dropped despite high copper prices, with its enterprise value falling below the asset value of its main project. The company is supported by notable strategic investors.

Why It Matters - Ivanhoe Electric's selloff against strong copper prices signals potential undervaluation, as its enterprise value is below asset value, indicating a possible buying opportunity.

News Image

Mon, 23 Sep 2024

Sentiment - NEUTRAL

Source - Newsfile Corp

Summary - Ivanhoe Electric will allocate $20 million from transaction proceeds to establish U.S. vanadium redox flow battery manufacturing in Arizona and form a 51/49 joint venture with Red Sun in China.

Why It Matters - Ivanhoe Electric's investment in U.S.-based vanadium battery manufacturing signals a strategic shift towards domestic production, enhancing its competitive edge and growth potential in the energy sector.

News Image

Mon, 16 Sep 2024

Sentiment - NEUTRAL

Source - Newsfile Corp

Summary - Ivanhoe Electric plans to use a preliminary feasibility study for long-term financing at its Santa Cruz Copper Project, which received approval for key permits and shows promising copper grades.

Why It Matters - High copper recoveries and recent approvals at the Santa Cruz project enhance Ivanhoe Electric's growth potential, attracting investor interest and possibly boosting stock performance.

News Image

Mon, 19 Aug 2024

Sentiment - NEUTRAL

Source - Accesswire

Summary - Ivanhoe Electric and Ma'aden have begun drilling near the Al Amar Gold-Copper-Zinc Mine in Saudi Arabia, expanding their exploration area to over 155 kmยฒ.

Why It Matters - The announcement of drilling near Ma'aden's mine indicates potential resource discovery, which could enhance Ivanhoe Electric's valuation and growth prospects, impacting investor sentiment positively.

News Image

Tue, 20 Aug 2024

Sentiment - NEUTRAL

Source - Newsfile Corp

Summary - Ivanhoe Electric appointed Mike Patterson as Vice President of Investor Relations and Business Development, effective August 19, 2024, to enhance investor relations and support growth initiatives.

Why It Matters - The appointment of Mike Patterson as VP of Investor Relations signals a focus on strengthening investor communications and business development, potentially boosting confidence and interest in Ivanhoe Electric.

...

IE Frequently asked questions

The highest forecasted price for IE is $18 from Andrew Mikitchook at BMO Capital.

The lowest forecasted price for IE is $14 from Orest Wowkodaw from Scotiabank

The IE analyst ratings consensus are 0 buy ratings, 0 hold ratings, and 0 sell ratings.