FY2027 EPS Estimates for Ivanhoe Electric Cut by Scotiabank

Key Points

• Scotiabank lowered Ivanhoe Electric’s FY2027 EPS estimate to a loss of $0.48 per share from a previous loss estimate of $0.22, well below the current consensus loss estimate of $0.11.
• JPMorgan cut its price target from $21 to $20 but maintained an “overweight” rating. Analysts overall rate the stock “Buy,” with an average price target of $17.83.
• Ivanhoe Electric recently reported quarterly EPS of $0.16, beating estimates, though revenue of $0.72 million came in below expectations. Institutional investors own approximately 79.05% of the company’s shares.

Ivanhoe Electric Inc. (NYSEAMERICAN:IE - Free Report) - Scotiabank dropped their FY2027 earnings per share estimates for Ivanhoe Electric in a research report issued to clients and investors on Wednesday, August 19th. Scotiabank analyst O. Wowkodaw now anticipates that the company will post earnings of ($0.48) per share for the year, down from their previous estimate of ($0.22). The consensus estimate for Ivanhoe Electric's current full-year earnings is ($0.11) per share.

Separately, JPMorgan Chase & Co. decreased their price objective on shares of Ivanhoe Electric from $21.00 to $20.00 and set an "overweight" rating for the company in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $17.83.

Ivanhoe Electric Stock Performance

Shares of NYSEAMERICAN:IE opened at $11.27 on Monday. The company's 50-day moving average is $9.84 and its 200 day moving average is $12.36. The company has a market capitalization of $1.80 billion, a P/E ratio of -14.27 and a beta of 1.24. Ivanhoe Electric has a fifty-two week low of $7.86 and a fifty-two week high of $21.55.

Ivanhoe Electric (NYSEAMERICAN:IE - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.28. The firm had revenue of $0.72 million during the quarter, compared to analyst estimates of $1.00 million. Ivanhoe Electric had a negative return on equity of 26.29% and a negative net margin of 3,899.97%.

Institutional Investors Weigh In On Ivanhoe Electric

A number of hedge funds and other institutional investors have recently bought and sold shares of IE. JPMorgan Chase & Co. boosted its holdings in shares of Ivanhoe Electric by 24.9% in the second quarter. JPMorgan Chase & Co. now owns 89,686 shares of the company's stock worth $813,000 after acquiring an additional 17,896 shares during the period. Rhumbline Advisers raised its stake in shares of Ivanhoe Electric by 7.7% during the 2nd quarter. Rhumbline Advisers now owns 121,285 shares of the company's stock valued at $1,100,000 after purchasing an additional 8,622 shares during the period. Invesco Ltd. raised its stake in shares of Ivanhoe Electric by 3.8% during the 2nd quarter. Invesco Ltd. now owns 33,674 shares of the company's stock valued at $305,000 after purchasing an additional 1,247 shares during the period. Sei Investments Co. lifted its holdings in Ivanhoe Electric by 33.6% during the 2nd quarter. Sei Investments Co. now owns 112,690 shares of the company's stock worth $1,022,000 after purchasing an additional 28,318 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Ivanhoe Electric by 42.3% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,274,628 shares of the company's stock worth $12,273,000 after purchasing an additional 378,760 shares in the last quarter. Institutional investors own 79.05% of the company's stock.

About Ivanhoe Electric

Ivanhoe Electric NYSEAMERICAN: IE is a mineral exploration and project-development company focused on the discovery and advancement of battery-metal deposits. The company's portfolio targets copper, nickel, silver, gold and zinc resources that support the growing demand for electrification and clean-energy technologies. Through systematic geological mapping, drilling and metallurgical testing, Ivanhoe Electric aims to delineate large-scale, strategically located mineral systems.

Headquartered in Greenwood Village, Colorado, Ivanhoe Electric has assembled a diversified land package across North America and Europe.

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