Ivanhoe Electric
About: Ivanhoe Electric Inc is a United States-based minerals exploration and development company with a focus on developing mines from mineral deposits located in the United States. The company has three reportable segments; Critical metals segment is focused on mineral project exploration and development with a focus on identifying and developing mineral projects, and ultimately mines, associated with the metals necessary for electrification, The data processing segment provides data analytics, geophysical modeling, and artificial intelligence services for the mineral, oil & gas and water exploration industries, and The energy storage segment develops, manufactures and installs vanadium flow batteries for grid-scale energy storage. It derives a majority of its revenue from Canada.
Employees: 244
0
Funds holding %
of 6,823 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
494% more call options, than puts
Call options by funds: $1.97M | Put options by funds: $332K
108% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 13
72% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 25
12% more funds holding
Funds holding: 101 [Q2] → 113 (+12) [Q3]
2.68% more ownership
Funds ownership: 58.76% [Q2] → 61.44% (+2.68%) [Q3]
6% less capital invested
Capital invested by funds: $663M [Q2] → $627M (-$36.6M) [Q3]
17% less funds holding in top 10
Funds holding in top 10: 6 [Q2] → 5 (-1) [Q3]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$10
49%
upside
Avg. target
$13.17
96%
upside
High target
$16
138%
upside
3 analyst ratings
3 positive
100%
0 neutral
0%
0 negative
0%
JP Morgan Bill Peterson 45% 1-year accuracy 14 / 31 met price target | 138%upside $16 | Overweight Maintained | 16 Jan 2025 |
Scotiabank Orest Wowkodaw 43% 1-year accuracy 6 / 14 met price target | 101%upside $13.50 | Sector Outperform Maintained | 6 Jan 2025 |
Jefferies Christopher LeFemina 40% 1-year accuracy 2 / 5 met price target | 49%upside $10 | Buy Maintained | 6 Jan 2025 |
Financial journalist opinion
Based on 4 articles about IE published over the past 30 days
Neutral
Business Wire
6 days ago
XtremeX Mining Technology Announces Plans for First Deployment of Its Revolutionary Mineral Drilling Rig with Ivanhoe Electric Following an $11M Series-A Financing Led by GoGreen Partners
RIYADH, Saudi Arabia--(BUSINESS WIRE)--XtremeX Mining Technology Inc. (XMT), a leader in innovative drilling solutions, is excited to announce its cutting-edge AC-electric automated coiled tubing and electric top-drive diamond core drilling rig. This state-of-the-art technology will perform a funded field trial with Ivanhoe Electric (NYSE: IE ; TSX: IE) at the Santa Cruz copper project in Arizona, targeting depths of up to 2,000 meters by twinning historic holes. Under the agreement, Ivanhoe El.
Neutral
Newsfile Corp
1 week ago
Ivanhoe Electric's Typhoon(TM) Technology Quickly Proves its Power with Discovery in Saudi Arabia
Drilling Intersected Copper Mineralization in Three Holes to a Depth Beyond 700 Meters and Remains Open The Joint Venture Has Three Typhoon TM Units Active in Saudi Arabia Riyadh, Saudi Arabia--(Newsfile Corp. - January 13, 2025) - Ivanhoe Electric Inc. (NYSE American: IE) (TSX: IE) ("Ivanhoe Electric") Executive Chairman Robert Friedland and President and Chief Executive Officer Taylor Melvin are pleased to provide initial drill results from the Company's 50/50-owned joint venture with Saudi Arabian Mining Company Ma'aden ("Ma'aden") (Saudi Stock Exchange Tadawul: 1211). The Joint Venture's initial drill program focused on the Umm Ad Dabah prospect, near Ma'aden's existing Al Amar gold-copper-zinc mine.
Neutral
Newsfile Corp
1 week ago
Ivanhoe Electric and BHP Exploration Alliance Advance Exploration Activities in the Southwest United States
A New Generation Typhoon™ Unit Dedicated to the Exploration Alliance is Conducting its First Survey in Arizona Phoenix, Arizona--(Newsfile Corp. - January 7, 2025) - Ivanhoe Electric Inc. (NYSE American: IE) (TSX: IE) ("Ivanhoe Electric") Executive Chairman Robert Friedland and President and Chief Executive Officer Taylor Melvin are pleased to provide an update on the activities of the BHP Exploration Alliance in the Southwest U.S. (the "Alliance"). Mr. Friedland commented: "The Basin and Range province of the Southwest U.S. remains one of the most promising frontiers for porphyry exploration.
Neutral
Newsfile Corp
2 weeks ago
Ivanhoe Electric Reports Year-End Update on United States Exploration Programs
Drilling Expands the Texaco Deposit in Arizona with Intersections of Significant Enriched Mineralization Drilling at the Hog Heaven Project Identifies a Porphyry Copper-Gold-Molybdenum System in the Battle Butte Area Associated with a Typhoon™-identified Anomaly Drilling at the Tintic Copper-Gold-Silver Project Continues to Explore for the Source Porphyry Copper System Typhoon™ and Computational Geoscience Inc. Guide Technology-led Exploration Efforts in the United States Phoenix, Arizona--(Newsfile Corp. - January 6, 2025) - Ivanhoe Electric Inc. (NYSE American: IE) (TSX: IE) ("Ivanhoe Electric") Executive Chairman Robert Friedland and President and Chief Executive Officer Taylor Melvin are pleased to provide an update on the Company's exploration projects in the United States, including the Santa Cruz Copper Project in Arizona, Hog Heaven Project in Montana, and the Tintic Project in Utah. Mr. Melvin commented: "Our U.S. exploration team, led by Graham Boyd, successfully advanced multiple large-scale and early-stage exploration projects in 2024, while continually evaluating new opportunities.
Negative
Zacks Investment Research
2 months ago
Ivanhoe Electric (IE) Reports Q3 Loss, Lags Revenue Estimates
Ivanhoe Electric (IE) came out with a quarterly loss of $0.36 per share versus the Zacks Consensus Estimate of a loss of $0.34. This compares to loss of $0.74 per share a year ago.
Neutral
Newsfile Corp
3 months ago
Ivanhoe Electric's VRB Energy Subsidiary and Red Sun Sign Definitive Agreements for Formation of New Grid Scale Battery Joint Venture
Ivanhoe Electric to Allocate $20 million of Transaction Proceeds to Establish US-Domiciled Vanadium Redox Flow Battery Business Phoenix, Arizona--(Newsfile Corp. - October 15, 2024) - Ivanhoe Electric Inc. (NYSE American: IE) (TSX: IE) ("Ivanhoe Electric") Executive Chairman Robert Friedland and President and Chief Executive Officer Taylor Melvin are pleased to announce today the signing of Definitive Agreements (the "Agreements") between the Company's 90%-owned subsidiary, VRB Energy Inc. ("VRB Energy"), a subsidiary of privately held Shanxi Red Sun Co., Ltd. ("Red Sun"), and certain other affiliates, finalizing the terms of the transaction announced on September 23, 2024 (refer to Ivanhoe Electric's September 23, 2024 news release).
Neutral
Seeking Alpha
3 months ago
Ivanhoe Electric: A Long-Term Bet On Copper
Ivanhoe Electric has seen a selloff despite strong copper prices. The entire enterprise value is now less than the asset value of the company's primary project alone. IE is backed by several reputable strategic investors.
Neutral
Newsfile Corp
3 months ago
Ivanhoe Electric's VRB Energy Subsidiary Secures $55 Million Investment
Ivanhoe Electric to Use $20 Million of the Transaction Proceeds to Establish U.S.-based Grid Scale Vanadium Redox Flow Battery Manufacturing in Arizona Existing VRB Energy Manufacturing Operation in China to become 51/49 Joint Venture Following $35 Million Investment from Red Sun, a Leading Asian New Energy Group Phoenix, Arizona--(Newsfile Corp. - September 23, 2024) - Ivanhoe Electric Inc. (NYSE American: IE) (TSX: IE) ("Ivanhoe Electric") Executive Chairman Robert Friedland and President and Chief Executive Officer Taylor Melvin are pleased to announce that the Company's 90%-owned subsidiary, VRB Energy Inc. ("VRB Energy"), has executed a binding Term Sheet (the "Agreement") with a subsidiary of privately held Shanxi Red Sun Co., Ltd. ("Red Sun") and VRB Energy's wholly-owned subsidiary, VRB Energy System (Beijing) Co., Ltd.
Neutral
Newsfile Corp
4 months ago
Ivanhoe Electric On-Track to Deliver Santa Cruz Copper Project Preliminary Feasibility Study in Q2 2025
Ivanhoe Electric Will Use the Preliminary Feasibility Study to Pursue Long-term Project Financing Metallurgical Results from Ongoing Testwork Show High Copper Recoveries and Recoverable Precious Metals Santa Cruz Copper Project Received General Plan Amendment Approval from the City of Casa Grande and is Preparing Key Permit Applications for Submittal in H1 2025 Recent Infill Drilling Intersects High-Grade Copper Mineralization at the Santa Cruz Deposit, Including 99 Meters Grading 2.39% Copper Phoenix, Arizona--(Newsfile Corp. - September 16, 2024) - Ivanhoe Electric Inc. (NYSE American: IE) (TSX: IE) ("Ivanhoe Electric") Executive Chairman Robert Friedland and President and Chief Executive Officer Taylor Melvin are pleased to provide an update on the ongoing progress at the Company's Santa Cruz Copper Project in Arizona. Mr. Melvin commented: "We are encouraged by the ongoing progress at our Santa Cruz Copper Project.
Neutral
Newsfile Corp
5 months ago
Mike Patterson Joins Ivanhoe Electric as Vice President, Investor Relations and Business Development
Phoenix, Arizona--(Newsfile Corp. - August 20, 2024) - Ivanhoe Electric (NYSE American: IE) (TSX: IE) President and Chief Executive Officer Taylor Melvin is pleased to announce that Mike Patterson joined the Company as the Vice President of Investor Relations and Business Development, effective August 19, 2024. Mike will be a key leader of the Company's investor relations function and the communications and business development teams in support of the Company's strategic growth initiatives.
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