Ivanhoe Electric Inc. logo IE - Ivanhoe Electric Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 5
HOLD 0
SELL 0
STRONG
SELL
0
| PRICE TARGET: $16.17 DETAILS
HIGH: $17.50
LOW: $15.00
MEDIAN: $16.00
CONSENSUS: $16.17
UPSIDE: 37.03%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1
Revenue
Revenue 0.9 0.9 0.5 1.1 0.7 1.3 0.7 0.5 0.4 1.7 0.2 1.3 0.7 0.3 1.2 0.2 6.8 0.6 1.0 1.5 1.6
Cost of Revenue 24.1 19.8 0.3 15.1 0.3 0.5 0.3 0.2 0.1 1.3 0.3 1.3 0.2 2.1 0.9 0.1 0.1 0.3 0.5 0.3 0.3
Gross Profit (23.3) (18.9) 0.3 (14.0) 0.4 0.9 0.4 0.3 0.3 0.4 (0.0) 0.1 0.5 (1.8) 0.3 0.1 6.7 0.2 0.5 1.2 1.2
Operating Expenses
R&D Expenses 0.4 0.1 0.1 0.1 0.1 0.3 0.9 0.8 0.8 0.9 1.2 2.1 1.8 1.3 1.1 1.3 1.3 1.1 1.0 0.8 1.0
SG&A Expenses 9.9 (20.0) 23.8 23.8 11.6 10.6 10.9 10.8 12.7 13.6 11.5 12.8 10.7 10.3 6.9 4.7 5.3 6.4 7.9 3.4 2.8
Other Expenses (5.6) 38.3 0 (14.8) 15.8 19.6 30.5 37.3 43.6 33.4 34.2 32.6 (50.6) 30.1 34.0 23.9 (17.1) (106.6) 10.0 8.3 (11.3)
Operating Expenses 4.7 18.4 23.9 9.0 27.4 30.6 42.2 48.9 57.1 47.9 46.9 47.4 (38.1) 41.7 42.0 29.8 (10.5) (99.1) 18.9 12.6 (7.6)
Operating Income
Operating Income (28.0) (37.3) (23.6) (23.1) (27.0) (29.7) (41.8) (48.5) (56.9) (47.5) (47.0) (47.4) 38.6 (43.6) (41.7) (29.7) 17.2 99.3 (18.4) (11.4) 8.8
Interest Expense 0.8 3.8 1.0 1.2 1.5 1.3 1.0 0.4 0 0.6 1.7 0.7 0 0 0.2 0.5 0.8 1.0 0.5 0.0 0.1
Interest Income 0 0 0 0 0 0 0 0 0.0 0 0 0 0.0 0.2 0 0 0 0 0 0 0
Profitability
EBITDA (27.4) (35.8) (19.8) (27.0) (26.4) 20.7 (45.7) (50.4) (56.3) (48.7) (81.1) (43.6) (37.5) (42.9) (43.0) (53.8) (14.5) (26.0) (18.6) (12.1) (5.6)
EBIT (28.0) (36.6) (20.6) (27.8) (27.0) 19.8 (46.2) (51.1) (56.9) (49.2) (81.5) (44.3) (38.6) (43.9) (43.9) (55.0) (15.6) (27.1) (19.7) (12.9) (6.7)
Income Before Tax 93.6 (40.3) (21.6) (29.0) (34.1) 18.5 (47.1) (51.5) (60.1) (49.8) (83.3) (45.0) (38.7) (43.7) (44.0) (55.5) (16.4) (28.1) (20.2) (13.0) (6.8)
Income Tax Expense 12.2 0.0 0 0 0 0.1 0 0 (0.0) (0.4) 0 (0.1) (0.1) (0.5) (0.2) (0.1) 1.3 0.7 (0.0) 0.1 (0.2)
Net Income 41.7 (34.0) (17.5) (23.9) (30.5) 16.9 (43.2) (46.8) (55.5) (47.2) (77.9) (38.3) (36.1) (39.6) (40.4) (54.4) (15.5) (26.3) (17.6) (10.7) (4.7)
Per Share Data
EPS (Basic) 0.27 -0.24 -0.13 -0.18 -0.24 0.14 -0.36 -0.39 -0.46 -0.39 -0.74 -0.41 -0.41 -0.46 -0.47 -0.60 -0.19 -0.28 -0.19 -0.12 -0.05
EPS (Diluted) 0.26 -0.24 -0.13 -0.18 -0.24 0.14 -0.36 -0.39 -0.46 -0.39 -0.74 -0.41 -0.41 -0.46 -0.47 -0.86 -0.19 -0.28 -0.19 -0.12 -0.05
Shares Outstanding 152.2 140.0 132.9 132.6 126.7 120.4 120.4 120.3 120.2 120.0 104.9 93.1 93.0 93.0 92.9 92.7 92.6 92.9 92.9 92.9 92.6
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4
Current Assets
Cash & Cash Equivalents 291.8 176.3 73.5 89.3 78.9 41.0 68.1 113.0 149.2 205.0 249.0 63.8 107.0 139.7 177.7 223.8 29.8 49.9
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 5.9 0.5 11.1 11.4 11.4 21.6 2.8 2.6 4.3 3.3 2.4 2.1 2.2 1.5 1.5 1.1 1.1 1.4
Inventory 0 0 0 0 0 0 0 5.5 5.3 5.0 4.8 4.6 5.9 5.6 6.1 6.3 6.3 5.9
Other Current Assets 3.7 3.4 3.1 0 21.7 4.3 30.2 20.8 30.2 0 (0.0) 6.0 3.1 0 0 0 1.2 0
Total Current Assets 301.5 180.2 87.7 104.3 114.3 69.3 104.7 147.0 191.8 216.5 260.8 76.5 118.2 151.0 192.4 239.4 38.4 58.3
Non-Current Assets
Property, Plant & Equipment 7.0 9.3 9.9 10.6 236.8 235.5 233.0 226.1 224.6 222.9 221.0 213.9 92.7 90.7 88.4 85.7 3.6 75.6
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 0 0 0 0 0 0 0 0 0 0.1 0.2 0.2 0.5 1.2 1.9 2.8 3.6 4.3
Long-Term Investments 62.8 59.6 62.8 59.5 61.1 66.6 32.5 37.4 39.0 42.1 42.8 10.3 7.8 8.2 8.6 8.4 15.0 9.5
Other Non-Current Assets 223.0 234.2 225.8 226.1 2.3 3.5 5.2 5.7 5.7 5.6 8.2 4.6 4.3 9.3 (0.9) (0.3) 81.0 2.3
Total Non-Current Assets 292.8 303.9 298.5 296.2 300.1 305.6 270.7 269.3 269.3 270.7 272.1 233.2 109.2 109.5 102.4 101.6 103.2 95.3
Total Assets 594.3 484.1 386.2 400.5 414.4 374.9 375.4 416.3 461.2 487.2 532.9 309.8 227.4 260.5 294.8 341.0 141.7 153.5
Current Liabilities
Account Payables 11.5 7.8 9.5 11.3 10.8 6.3 14.5 21.4 22.3 12.9 22.0 23.8 12.9 4.6 17.3 20.5 12.8 5.7
Short-Term Debt 35.0 34.8 48.6 14.8 13.2 12.4 16.1 15.0 13.8 12.7 37.0 35.1 0 0 0 0 0.6 0
Deferred Revenue 0 0 0 0 0 0 0 2.7 2.5 2.4 0 2.8 3.6 2.8 2.8 3.3 28.0 3.5
Other Current Liabilities 1.8 11.3 3.9 0.1 2.2 4.1 10.5 0 0 7.6 2.8 0 0 0 0 0 0 26.6
Total Current Liabilities 48.2 53.9 62.0 27.1 37.2 33.4 41.9 40.2 39.2 39.7 62.5 62.5 17.3 17.4 20.3 24.2 41.4 40.6
Non-Current Liabilities
Long-Term Debt 0 1.1 24.2 56.4 55.8 55.1 66.5 65.8 65.2 64.6 75.8 75.3 36.7 25.9 25.4 24.9 82.2 78.8
Deferred Tax Liabilities 0 5.6 4.6 4.4 4.3 4.0 4.5 4.5 4.8 4.8 0 4.3 3.9 3.9 4.3 5.0 5.6 5.4
Other Non-Current Liabilities 0 (1.1) 0.4 0.4 0.4 0.4 0.6 0.6 0.6 0.6 5.2 0.8 0.0 10.4 0.4 0.4 0.4 0.9
Total Non-Current Liabilities 0.4 6.7 30.4 62.5 61.9 61.1 73.2 72.9 72.2 71.2 81.6 80.5 40.9 40.6 31.0 31.0 89.0 85.1
Total Liabilities 48.6 60.6 92.4 89.7 99.0 94.5 115.2 113.1 111.4 110.9 144.1 143.0 58.3 58.0 51.3 55.1 130.5 125.7
Stockholders' Equity
Common Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Retained Earnings (594.3) (636.0) (602.0) (584.5) (560.6) (530.1) (547.0) (503.8) (457.0) (401.5) (354.3) (276.5) (238.2) (202.1) (162.5) (122.1) (67.8) (52.3)
Accumulated Other Comprehensive Income (4.3) (3.6) (3.1) (2.9) (3.3) (3.3) (2.4) (2.6) (2.3) (2.1) (1.9) (2.1) (1.2) (1.2) (0.9) (1.6) (1.4) (1.5)
Total Stockholders' Equity 540.3 416.1 280.1 293.3 307.0 268.6 250.1 289.2 331.5 374.3 388.2 160.9 175.5 206.4 243.8 283.2 7.5 21.9
Total Liabilities & Equity 594.3 484.1 386.2 400.5 414.4 374.9 375.4 416.3 461.2 487.2 532.9 309.8 227.4 260.5 294.8 341.0 141.7 153.5
Debt Metrics
Total Debt 35.4 37.0 74.0 73.5 71.2 69.9 85.1 84.0 81.2 79.2 114.1 111.3 37.9 27.0 26.6 26.0 83.6 79.2
Net Debt (256.5) (139.3) 0.6 (15.8) (7.7) 28.9 17.1 (29.0) (67.9) (125.9) (135.0) 47.5 (69.1) (112.6) (151.1) (197.8) 53.8 29.4
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1
Operating Activities
Net Income 41.7 71.9 (17.5) (23.9) (30.5) 16.9 (43.2) (46.8) (55.5) (49.4) (83.3) (38.3) (36.1) (43.2) (43.9) (54.4) (17.7) (28.8) (20.1) (13.0) (6.6)
Depreciation & Amortization 0.6 (2.2) 0.8 0.7 0.6 0.9 0.5 0.7 0.6 0.5 0.4 0.7 1.0 1.0 0.9 1.2 1.1 1.1 1.2 0.9 1.1
Stock-Based Compensation 0 0 0 0 0 0 0 0 3.3 4.7 5.7 0 0 2.3 0.7 0 1.0 0.7 1.8 0.6 0.5
Change in Working Capital (0.8) 0.2 (8.2) (1.4) 7.5 (1.4) (1.8) (2.2) (1.2) 0.9 (2.4) 3.2 (0.4) 1.5 (0.5) (1.7) 0.4 2.2 2.5 2.6 (1.8)
Other Non-Cash Items (88.4) (95.7) (2.8) 4.5 6.6 (47.1) 7.7 3.8 2.8 0.1 4.2 (1.4) 5.4 1.9 8.4 25.3 (0.7) 5.7 2.1 1.1 (2.1)
Operating Cash Flow (46.9) (25.7) (27.7) (20.0) (15.8) (30.7) (36.9) (44.5) (50.0) (43.5) (41.1) (35.8) (30.0) (37.0) (34.6) (29.6) (14.6) (18.3) (12.6) (7.7) (9.2)
Investing Activities
Capital Expenditure (1.9) (3.2) 0.1 (1.3) (0.0) (1.7) (0.1) (0.5) (1.0) (35.4) (7.0) (0.2) (0.3) (9.7) (8.4) (0.5) (4.8) (11.1) (2.5) (3.6) (1.2)
Acquisitions 125.6 (29.9) 9.7 20.0 0.1 0.2 0 0.4 0.2 (0.7) (66.8) 29.5 0 (0.4) (1.6) 0 (0.8) 0 (0.9) 0 (1.2)
Purchases of Investments (6.2) 0 0 0 0 0 0 (0.4) 0 0 (66.8) (0.6) (0.6) 0 0 0 (0.8) 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 27.6 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 25.6 0 (0.7) 0 (0.2) 0 0 (0.7) 0 39.2 (37.4) (1.8) 0 0.1 (22.3) 0.8 (2.7) (0.1) (0.5) 1.2
Investing Cash Flow 116.0 (3.1) 9.8 18.0 0.1 (1.7) (10.1) (0.9) (1.5) (36.1) (73.8) (8.8) (2.7) (10.0) (9.9) (22.8) (5.6) (13.8) (3.5) (4.1) (1.2)
Financing Activities
Net Debt Issuance 2.5 5.5 0 (10.5) 5 (7.1) 0 0 0 4 0 0 0 10 0 86.2 0 1.4 71.5 0 0
Stock Repurchased 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (40.1) 194.1 0.2 0.1 0 (1.3) 0 0 26 11.8 0.4 0 0 0.2 0 (0.0) 0 (0.0) 3.9 19.0 5.5
Financing Cash Flow 46.8 131.6 2.1 (9.9) 70.7 (8.3) 0.1 0.7 26 35.5 300.3 1.2 0.0 8.9 (1.3) 246.8 0 1.6 84.8 19.0 5.5
Cash Position
Net Change in Cash 115.5 102.8 (15.8) (11.3) 55.3 (41.8) (46.7) (45.5) (25.7) (44.0) 185.2 (43.2) (32.7) (38.0) (46.2) 194.1 (20.1) (30.3) 68.3 7.3 (4.8)
Cash at Beginning 176.3 73.5 89.3 100.6 45.3 87.1 133.8 179.4 205.0 249.0 63.8 107.0 139.7 177.7 223.8 29.8 49.9 80.2 11.8 4.6 9.3
Cash at End 291.8 176.3 73.5 89.3 100.6 45.3 87.1 133.8 179.4 205.0 249.0 63.8 107.0 139.7 177.7 223.8 29.8 49.9 80.2 11.8 4.6
Free Cash Flow (48.8) (28.9) (27.6) (21.3) (15.8) (32.4) (36.9) (45.0) (50.9) (78.9) (48.1) (36.0) (30.4) (46.6) (43.0) (30.1) (19.4) (29.4) (15.2) (11.3) (10.4)
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1
Income Statement
Revenue 0.9 0.9 0.5 1.1 0.7 1.3 0.7 0.5 0.4 1.7 0.2 1.3 0.7 0.3 1.2 0.2 6.8 0.6 1.0 1.5 1.6
Gross Profit (23.3) (18.9) 0.3 (14.0) 0.4 0.9 0.4 0.3 0.3 0.4 (0.0) 0.1 0.5 (1.8) 0.3 0.1 6.7 0.2 0.5 1.2 1.2
Operating Income (28.0) (37.3) (23.6) (23.1) (27.0) (29.7) (41.8) (48.5) (56.9) (47.5) (47.0) (47.4) 38.6 (43.6) (41.7) (29.7) 17.2 99.3 (18.4) (11.4) 8.8
Net Income 41.7 (34.0) (17.5) (23.9) (30.5) 16.9 (43.2) (46.8) (55.5) (47.2) (77.9) (38.3) (36.1) (39.6) (40.4) (54.4) (15.5) (26.3) (17.6) (10.7) (4.7)
EPS (Diluted) 0.26 -0.24 -0.13 -0.18 -0.24 0.14 -0.36 -0.39 -0.46 -0.39 -0.74 -0.41 -0.41 -0.46 -0.47 -0.86 -0.19 -0.28 -0.19 -0.12 -0.05
Balance Sheet
Cash & Equivalents 291.8 176.3 73.5 89.3 78.9 41.0 68.1 113.0 149.2 205.0 249.0 63.8 107.0 139.7 177.7 223.8 29.8 49.9
Total Assets 594.3 484.1 386.2 400.5 414.4 374.9 375.4 416.3 461.2 487.2 532.9 309.8 227.4 260.5 294.8 341.0 141.7 153.5
Total Debt 35.4 37.0 74.0 73.5 71.2 69.9 85.1 84.0 81.2 79.2 114.1 111.3 37.9 27.0 26.6 26.0 83.6 79.2
Stockholders' Equity 540.3 416.1 280.1 293.3 307.0 268.6 250.1 289.2 331.5 374.3 388.2 160.9 175.5 206.4 243.8 283.2 7.5 21.9
Cash Flow
Operating Cash Flow (46.9) (25.7) (27.7) (20.0) (15.8) (30.7) (36.9) (44.5) (50.0) (43.5) (41.1) (35.8) (30.0) (37.0) (34.6) (29.6) (14.6) (18.3) (12.6) (7.7) (9.2)
Capital Expenditure (1.9) (3.2) 0.1 (1.3) (0.0) (1.7) (0.1) (0.5) (1.0) (35.4) (7.0) (0.2) (0.3) (9.7) (8.4) (0.5) (4.8) (11.1) (2.5) (3.6) (1.2)
Free Cash Flow (48.8) (28.9) (27.6) (21.3) (15.8) (32.4) (36.9) (45.0) (50.9) (78.9) (48.1) (36.0) (30.4) (46.6) (43.0) (30.1) (19.4) (29.4) (15.2) (11.3) (10.4)