Ivanhoe Electric FY2027 Earnings Forecast Cut by Scotiabank

Key Points

• Scotiabank lowered Ivanhoe Electric’s FY2027 earnings forecast to a loss of $0.54 per share from $0.48, while maintaining a “Sector Outperform” rating and a $16 price target.
• Ivanhoe Electric’s latest quarterly results exceeded EPS expectations, reporting $0.16 per share versus the estimated $0.12 loss, though revenue of $0.72 million fell short of the $1.00 million forecast.
• Analyst sentiment remains positive overall, with a consensus “Buy” rating and $17.33 price target; institutional investors own approximately 79.05% of the stock.

Ivanhoe Electric Inc. (NYSEAMERICAN:IE - Free Report) - Analysts at Scotiabank dropped their FY2027 earnings estimates for Ivanhoe Electric in a report released on Friday, September 25th. Scotiabank analyst O. Wowkodaw now anticipates that the company will post earnings of ($0.54) per share for the year, down from their previous forecast of ($0.48). Scotiabank currently has a "Sector Outperform" rating and a $16.00 price target on the stock. The consensus estimate for Ivanhoe Electric's current full-year earnings is ($0.14) per share.

Ivanhoe Electric (NYSEAMERICAN:IE - Get Free Report) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of ($0.12) by $0.28. The business had revenue of $0.72 million during the quarter, compared to analyst estimates of $1.00 million. Ivanhoe Electric had a negative net margin of 3,899.97% and a negative return on equity of 26.29%.

Separately, JPMorgan Chase & Co. lowered their target price on Ivanhoe Electric from $21.00 to $20.00 and set an "overweight" rating for the company in a research note on Thursday, July 9th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $17.33.

Ivanhoe Electric Stock Performance

IE stock opened at $10.64 on Tuesday. Ivanhoe Electric has a fifty-two week low of $7.86 and a fifty-two week high of $21.55. The business's 50 day moving average price is $10.24 and its two-hundred day moving average price is $11.32. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of -13.47 and a beta of 1.26.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Tidal Investments LLC lifted its position in Ivanhoe Electric by 76.5% during the 2nd quarter. Tidal Investments LLC now owns 175,799 shares of the company's stock valued at $1,649,000 after acquiring an additional 76,199 shares during the period. SailingStone Capital Partners LLC grew its holdings in Ivanhoe Electric by 37.6% in the second quarter. SailingStone Capital Partners LLC now owns 4,195,373 shares of the company's stock worth $40,318,000 after purchasing an additional 1,146,899 shares during the period. Arizona State Retirement System grew its holdings in Ivanhoe Electric by 31.5% in the second quarter. Arizona State Retirement System now owns 33,664 shares of the company's stock worth $324,000 after purchasing an additional 8,066 shares during the period. Amundi grew its holdings in Ivanhoe Electric by 109.0% in the second quarter. Amundi now owns 29,348 shares of the company's stock worth $282,000 after purchasing an additional 15,308 shares during the period. Finally, AlphaGrep UK Ltd bought a new position in shares of Ivanhoe Electric during the second quarter valued at approximately $187,000. 79.05% of the stock is currently owned by institutional investors.

Ivanhoe Electric Company Profile

Ivanhoe Electric Inc is a mineral exploration and development company focused on discovering and advancing deposits of copper and other critical minerals used in electrification, renewable energy and modern infrastructure. The company primarily concentrates its exploration activities in the United States.

Its principal asset is the Santa Cruz copper project in Arizona, which Ivanhoe Electric is advancing through exploration and development work. The company also holds interests in other mineral exploration properties and evaluates additional opportunities with potential to host copper, nickel, gold and related critical minerals.

Ivanhoe Electric has developed the Typhoon geophysical surveying system, a proprietary technology designed to identify subsurface mineralization by collecting and analyzing electrical data.

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