Ivanhoe Electric Inc. (IE) Stock Price & Analysis
Ivanhoe Electric Inc. (IE) closed at USD 7.89 on Thursday, October 22, 2026, down 7.07% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 8.49; the Oct 22, 2026 session ranged USD 7.8–8.17 on volume of 5,459,323 shares. Market capitalization is $1.26B, with a 52-week range of USD 7.8–21.55 (ASE). Source: Nexqual, retrieved October 23, 2026 at 09:57 UTC.
Also available as compact Markdown for AI agents: nexqual.com/IE.md
Key facts (IE)
- Last four reported quarters (through Jun 30, 2026): revenue $3.0M, net income -$34.4M (-1138.7% margin), free cash flow -$107M (SEC filings).
- Analysts: Strong Buy (mean 1.43 on a 1–5 scale) (7 analysts), mean target USD 20.58 (range 15–28.5).
- Total return with dividends: 1Y -50.3% vs S&P 500 +14.9%; 5Y -12.4% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD -0.06, revenue estimate $1.0M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (IE)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $4.7M | $8.4M | $3.9M | $2.9M | $3.2M | $3.0M |
| Gross profit | $3.1M | $5.3M | $917K | $1.9M | $2.1M | — |
| Operating income | -$60.7M | -$132M | -$180M | -$177M | -$114M | $14.3M |
| Net income | -$68.5M | -$160M | -$199M | -$129M | -$106M | -$34.4M |
| EPS (diluted) | $0.96 | $1.91 | $1.95 | $1.07 | $0.79 | — |
| Free cash flow | -$51.8M | -$124M | -$152M | -$165M | -$90.4M | -$107M |
| Gross margin | 67.3% | 62.9% | 23.5% | 64.9% | 65.3% | — |
| Operating margin | -1305.9% | -1565.9% | -4622.1% | -6099.7% | -3501.0% | 474.5% |
| Net margin | -1472.7% | -1898.4% | -5108.3% | -4433.7% | -3263.7% | -1138.7% |
| Revenue growth | — | +81.4% | -53.8% | -25.7% | +11.8% | — |
| Cash + short-term investments | $49.9M | $140M | $205M | $41.0M | $173M | — |
| Total debt | $78.8M | $25.9M | $28.4M | $30.9M | $0K | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (IE)
P/S 416.5x · P/B 2.4x · FCF yield -8.48% · Earnings yield -2.73%
Analysts (IE)
Consensus Strong Buy (mean 1.43 on a 1–5 scale), 7 analysts; mean target USD 20.58 (low 15, high 28.5).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-07 | JP Morgan | Target lowered | Overweight | $20 → $15 |
| 2026-09-25 | Scotiabank | Target lowered | Sector Outperform | $18 → $16 |
| 2026-07-09 | JP Morgan | Target lowered | Overweight | $21 → $20 |
Total return (dividends reinvested) (IE)
| 1Y (from 2025-10-23) | 5Y (from 2022-06-27) | |
|---|---|---|
| Total return | -50.3% | -12.4% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -50.4% | -3.0% |
| Volatility (annualized) | 76.6% | 71.0% |
| Max drawdown | -60.4% (Jan 2026→Oct 2026) | -70.8% (Jul 2023→Mar 2025) |
IE revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Data Processing | $724,000 | 100.0% | -32.2% |
| Total revenue | $724,000 | 100% | — |
IE revenue by region (fiscal year ended Dec 31, 2025)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| CANADA | $3.2M | 100.0% | +14.6% |
| Total revenue | $3.2M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
IE suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Computational Geosciences | “We generate some revenue from our technology businesses, CGI and VRB Energy, which is included in the data processing business segment and energy storage systems business segments, respectively.” |
| Customer | VRB Energy | “We generate some revenue from our technology businesses, CGI and VRB Energy, which is included in the data processing business segment and energy storage systems business segments, respectively.” |
| Partner | BHP (BHP) | “These include the BHP Alliance in Arizona, New Mexico, Utah, and Nevada (the "BHP Alliance"), the Bristol Project located in Nevada (the "Bristol Project"), and the Lomitas Negras, Globe-Miami and Perseverance Projects in Arizona (the "Lomitas Negras Project", "Globe-Miami Projects" and "Perseverance Project", respectively).” |
| Partner | Sama Resources | “Our other mineral projects outside of the United States are the Alacrán Project in Colombia (the "Alacrán Copper Project") (owned through our approximate 60.8% interest in publicly traded company Cordoba Minerals Corp. ("Cordoba")), the Ivory Coast Project (owned through our interest in publicly traded company Sama Resources Inc. and our 60.0% interest in a joint venture entity) in Ivory Coast, and the Pinaya Proj…” |
| Partner | Brixton Metals Corp (BBBXF) | “In 2021, we entered an earn-in agreement with Brixton Metals Corporation ("Brixton").” |
| Partner | Cordoba Minerals | “Our other mineral projects outside of the United States are the Alacrán Project in Colombia (the "Alacrán Copper Project") (owned through our approximate 60.8% interest in publicly traded company Cordoba Minerals Corp. ("Cordoba")), the Ivory Coast Project (owned through our interest in publicly traded company Sama Resources Inc. and our 60.0% interest in a joint venture entity) in Ivory Coast, and the Pinaya Proj…” |
| Partner | Sama Nickel | “In 2024 we completed our 60% earn-in into SNC and as at December 31, 2025, we directly owned 60% of the joint venture entity SNC.” |
| Partner | ASARCO Santa Cruz | “In 1988, the Santa Cruz deposit was selected for this research project sponsored by a joint venture program between landowners ASARCO Santa Cruz Inc. and Freeport McMoRan Copper & Gold Inc., and the US Department of the Interior, Bureau of Reclamation.” |
| Partner | Freeport McMoRan Copper & Gold | “In 1988, the Santa Cruz deposit was selected for this research project sponsored by a joint venture program between landowners ASARCO Santa Cruz Inc. and Freeport McMoRan Copper & Gold Inc., and the US Department of the Interior, Bureau of Reclamation.” |
| Partner | Rio Tinto (RIO) | “Dragon's Tail comprises 169 unpatented federal lode claims near the Resolution Copper Project, owned by Resolution Copper (A Rio Tinto and BHP Joint Venture).” |
| Partner | High Power Exploration | “On July 31, 2017, we (then HPX) entered into an investment agreement with Cordoba.” |
| Partner | Wolff-Harvard Ventures | “On November 19, 2025, we announced that we accelerated and completed the final three land acquisition payments, totaling $39.3 million, at the Santa Cruz Copper Project in Arizona, satisfying all remaining terms of the 2023 Purchase and Sale Agreement with Wolff-Harvard Ventures LLC.” |
| Partner | Ivanhoe Electric Exploration and Development | “On September 2, 2025, we announced that Maaden had made available an additional 1,345 square kilometers of exploration licenses to the Maaden Ivanhoe Electric Exploration and Development Limited Company ("Maaden Joint Venture") that we established with them in 2023.” |
Quoted from the company's 10-K filed Feb 23, 2026.
Companies that name IE in their SEC reports
| Relationship to IE | Company | Filing | Sentence |
|---|---|---|---|
| partner | CHEMICAL & MINING CO OF CHILE INC (SQM) | 20-F Apr 22, 2026 | “In January 2026, we executed a definitive Collaboration and Exploration Agreement with Ivanhoe Electric Inc. to explore 2,002 km² of SQM mining property in northern Chile in search of copper.” |
IE analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-0.06 | $-0.06 | -8.3% | $1.0M | 2 |
| Next quarter (ends Dec 2026) | $-0.06 | $-0.06 | -8.3% | $1.0M | 2 |
| Current fiscal year (ends Dec 2026) | $-0.51 | $-0.16 | +218.8% | $3.1M | 2 |
| Next fiscal year (ends Dec 2027) | $-0.43 | $-0.50 | -12.8% | $3.6M | 3 |
IE options: expected move
Options price a move of about ±17.4% (±$1.38) by Nov 20, 2026, which includes earnings on Nov 5, 2026. Over the last 2 reports the stock moved ±4.5% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 77.0% | ±17.4% |
| Dec 18, 2026 | 56 | 73.8% | ±23.4% |
| Jan 15, 2027 | 84 | 74.2% | ±28.2% |
| Apr 16, 2027 | 175 | 74.2% | ±39.9% |
30-day implied volatility 76.9% vs 75.3% realized over the last 30 trading days. Put/call ratio (volume) 0.11. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:57 UTC)
| Price | USD 7.89 |
|---|---|
| Change | ▼ 7.07% (down) |
| Previous Close | USD 8.49 |
| Open | USD 8.13 |
| Day Range | USD 7.8 – 8.17 |
| 52-Week Range | USD 7.8 – 21.55 |
| Volume | 5,459,323 shares |
| Market Cap | $1.26B |
| Exchange | ASE |
Technical Analysis (IE)
Nexqual's technical model rates IE "SELL" based on 1 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:57 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 35.28 (neutral) |
| vs SMA50 | Below (USD 10.06) |
| MACD | -0.52 (negative) |
Analyst Ratings (IE)
Wall Street analysts rate IE "Strong Buy" based on 7 analysts, with a mean price target of USD 20.58 (range USD 15–28.5), per Nexqual as of October 23, 2026 at 09:57 UTC.
| Consensus Rating | Strong Buy |
|---|---|
| Analyst Count | 7 |
| Mean Target | USD 20.58 |
| High Target | USD 28.5 |
| Low Target | USD 15 |
| Buy / Hold / Sell | 7 / 0 / 0 |
Earnings (IE)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD -0.06 |
| Revenue Estimate | $1.00M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -0.21 vs est -0.15 ▼ miss |
| 2026-03-31 | USD -0.47 vs est -0.23 ▼ miss |
| 2025-12-31 | USD -0.17 vs est -0.22 ▲ beat |
| 2025-09-30 | USD -0.13 vs est -0.2 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:57 UTC.
Financials & Fundamentals (IE)
| Total Revenue | $3.02M |
|---|---|
| Revenue Growth (latest quarter, YoY) | -32.20% |
| Gross Margin | +58.72% |
| Operating Margin | -4071.82% |
| Profit Margin | +0.00% |
| ROE | -1.40% |
| Debt / Equity | 0.07 |
| Current Ratio | 5.05 |
| Total Cash | $256.88M |
| Total Debt | $36.65M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$106.78M (-3532.1% of revenue) |
Source: Nexqual, October 23, 2026 at 09:57 UTC.
Financial Health Score (IE)
Nexqual rates Ivanhoe Electric Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:57 UTC.
| Growth | Solid — Revenue +12% YoY (annual) |
|---|---|
| Profitability | Critical — Heavily loss-making — early-stage company |
| Balance Sheet | Strong — $173M cash and investments, no debt (Dec 2025, SEC) |
| Cash Flow | Weak — FCF negative: -$107M (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Critical — ROE -1%, ROA -15.3% |
Ownership (IE)
| Insider Ownership | +19.76% |
|---|---|
| Institutional Ownership | +79.35% |
| Shares Outstanding | 159.59M |
| Float | 127.18M |
| Short % of Float | +9.38% |
Source: Nexqual, October 23, 2026 at 09:57 UTC.
Leadership (IE)
Ivanhoe Electric Inc. is led by Taylor Melvin, President, CEO & Director, per Nexqual as of October 23, 2026 at 09:57 UTC.
| President, CEO & Director | Taylor Melvin |
|---|---|
| Founder & Executive Chairman | Robert Martin Friedland |
| Chief Financial Officer | Jordan Neeser |
| Executive Vice President of Business Development & Strategy Execution | Quentin Markin |
| Chief Operating Officer | Michelle Lammers |
Major Backers & Investors (IE)
Notable institutional backers of Ivanhoe Electric Inc. include Price (T.Rowe) Associates Inc, FMR, LLC, Mirae Asset Global ETFs Holdings Ltd., according to Nexqual as of October 23, 2026 at 09:57 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Price (T.Rowe) Associates Inc | 6.94% |
| FMR, LLC | 5.65% |
| Mirae Asset Global ETFs Holdings Ltd. | 4.52% |
| Wellington Management | 4.41% |
| Alyeska Investment Group, L.p. | 4.3% |
| GLOBAL X FUNDS-Global X Copper Miners ETF | 2.96% |
| Sailingstone Capital Partners LLC | 2.63% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 9.54% |
| State Street | 6.73% |
| Vanguard Group | 3.45% |
Source: Nexqual, October 23, 2026 at 09:57 UTC.
From Ivanhoe Electric Inc.'s Latest SEC 10-K Filing (filed 2026-02-23)
Key Strengths & Strategy (as disclosed to the SEC)
- The Typhoon™ technology allows us to cost effectively and efficiently generate geophysical models of large-scale mineral deposits to depths of up to one and a half kilometers or more.
Partnerships
- On May 8, 2025, Cordoba announced that it had entered into an agreement for the sale of the remaining 50% of the Alacrán Copper Project to a consortium of investors including JCHX Mining Management Co., Ltd. ("JCHX"), a 19.2% shareholder of Cordoba, for up to $128 million consisting of $88 million in cash on closing, $12 million in a deferred payment, and up to $28 million in a contingent payment.
- The Joint Venture also entered into a services agreement with Computational Geosciences Inc. ("CGI"), our 94.3% owned subsidiary, pursuant to which CGI is responsible for the supply of the services for the analysis of data and processing of the full spectrum of geophysical datasets produced by the Typhoon™ geophysical survey systems.
Legal & Regulatory Risks (Item 1A, quoted)
- We are subject to environmental and health and safety laws, regulations and permits that may subject us to material costs, liabilities and obligations, including land reclamation and exploration restoration requirements.
- The impacts of climate change may adversely affect our operations and/or result in increased costs to comply with changes in regulations.
- Our subsidiary, Cordoba, is involved in lengthy litigation, which may adversely affect the value of our investment in it and its mineral projects.
- Our vanadium battery joint venture in the People's Republic of China ("PRC") may be negatively impacted by laws and policies of the Government of the PRC or the state of PRC-United States relations.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| TGB | Trekor Metals Limited | USD 7.3 | ▼ 8.29% |
| ERO | Ero Copper Corp. | USD 30.13 | ▼ 5.81% |
| HBM | Hudbay Minerals Inc. | USD 21.89 | ▼ 8.75% |
| TECK | Teck Resources Ltd | USD 58.9 | ▼ 6.18% |
| FCX | Freeport-McMoRan, Inc. | USD 64.59 | ▼ 6.26% |
| SCCO | Southern Copper Corporation | USD 183.59 | ▼ 7.31% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:57 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt