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.
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.
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 |
When did it IPO
2022
Staff Count
244
Country
United States
Sector/Industry
Basic Materials/Copper
CEO
Mr. Taylor Melvin
Market Cap
$1.30B
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
Revenue From 2021
Revenue From 2022
Revenue From 2023
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.
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.
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.
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.
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.
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.