IE

Company Overview — What Does Ivanhoe Electric Inc. Do?

We are a United States domiciled minerals exploration and development company with a focus on developing mines from mineral deposits principally located in the United States in order to support American supply chain independence and to deliver the critical metals necessary for electrification of the economy. We believe the United States is significantly underexplored and has the potential to yield major new discoveries of these metals. We are committed to the sustainable development of our projects by embedding environmental, social, and governance (“ESG”) criteria in our decision-making framework from the earliest stages of project exploration and development. We are committed to building upon our team’s strong ESG track record, including at Ivanhoe Mines Ltd. (“Ivanhoe Mines”), founded by Robert Friedland, our founder, leveraging best practices and seeking to establish Ivanhoe Electric as an ESG leader in the mining sector. Key considerations that will influence our decision making include, but are not limited to, using clean and renewable energy in our future mining operations, optimizing and minimizing our water resource utilization, minimizing our environmental footprint, ensuring workforce diversity and hiring from local communities, health, safety and environmental (“HSE”) performance as well as cultural heritage and biodiversity protection. Most importantly, our products also play a critical ESG role by enabling the clean energy transition. Material and Key Mineral Projects Our two material mineral projects are located in the United States and are known as the Santa Cruz Copper Project (“Santa Cruz”) in Arizona and the Tintic Copper-Gold Project (“Tintic”) in Utah. Santa Cruz is situated in a prolific mining region that hosts some of the largest copper mines in the United States. Tintic was a historically significant silver producing district, as well as a copper and gold district, that we believe has the potential to host a world-class porphyry copper-gold deposit. We have the option to acquire 100% of the mineral rights constituting the Santa Cruz and Tintic projects. Our other key mineral projects are the Hog Heaven Silver-Gold-Copper Project (“Hog Heaven”), located in Montana, and the Sama Nickel-Copper-Palladium Project (the “Ivory Coast Project”), located in the Ivory Coast, in which we have both direct and indirect interests. --- Typhoon™ and Computational Geosciences In addition to our portfolio of material and key mineral projects, we own patents to an exploration technology known as Typhoon™. When we reference “our” Typhoon™ technology, we mean the technology that is owned by our subsidiary Geo27, Inc. (“Geo27”). We are also the exclusive worldwide licensee of certain technology from I-Pulse Inc. (“I-Pulse”) for use in geological surveys for mineral exploration. I-Pulse is the parent of our predecessor company, High Power Exploration Inc (“HPX”). We also control a data inversion business, Computational Geosciences Inc. (“CGI”). CGI was founded in 2010 to commercialize innovative technology developed at the University of British Columbia, Canada to improve and enhance mineral exploration. The Typhoon™ technology consists of sophisticated codes to process geophysical data and build 3D subsurface images that could indicate the presence of various metals and minerals. Typhoon™ technology allows us to cost effectively and efficiently evaluate large-scale mineral deposits up to depths of one and a half kilometers or more, while CGI interprets and visualizes the geological data generated by Typhoon™. Typhoon™ can and has been used to successfully accelerate and de-risk the exploration process, enabling a higher frequency of resource discovery and lowering costs. Typhoon™ has proven to be an important exploration tool during its deployment at Tintic. We expect that Typhoon™ will also be an important exploration tool at Santa Cruz. We have recently deployed Typhoon™ at the Santa Cruz Project to help identify new mineralized targets. Typhoon™ has also been utilized at some of our other projects. --- VRB Energy VRB Energy Inc. (“VRB”) is primarily engaged in the design, manufacture, installation, and operation of large-scale energy storage systems. VRB’s major product is a Vanadium Redox Battery Electrochemical Storage System (“VRB-ESS®”). Vanadium redox batteries are a type of rechargeable flow batteries that employ vanadium ions as the charge carriers. We believe they are safe, scalable and have the lowest lifecycle cost of energy compared to other types of batteries, making them ideal for grid-scale energy storage. VRB’s goal is to deliver the best technology at the lowest cost to large-scale utility energy storage projects around the globe. VRB has over 500 megawatt-hour (“MWh”) of energy storage capacity installed or in development, and has completed over one million hours of testing and operation. Ongoing research and development and project experience have allowed VRB to produce larger, more cost-effective and efficient systems in each successive battery generation. VRB produces VRB-ESS® using vanadium recycled from petroleum waste. In July 2021, BCPG Public Company Limited (“BCPG”), one of Asia-Pacific’s largest renewable energy companies, invested $24 million in convertible bonds issued by VRB. As of March 31, 2022, we owned approximately 90% of the outstanding shares of VRB. Ivanhoe Electric Inc. 606 – 999 Canada Place Vancouver, BC V6C 3E1. Ivanhoe Electric Inc. (IE) is classified as a small-cap stock in the Materials sector, specifically within the Non-Metallic And Industrial Metal Mining industry. The company is led by CEO Taylor Melvin and employs approximately 90 people. With a market capitalization of $1.9B, IE is one of the notable companies in the Materials sector.

Ivanhoe Electric Inc. (IE) Stock Rating — Reduce (April 2026)

As of April 2026, Ivanhoe Electric Inc. receives a Reduce rating with a composite score of 34.3/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.IE ranks #3,771 out of 4,446 stocks in our coverage universe. Within the Materials sector, Ivanhoe Electric Inc. ranks #268 of 284 stocks, placing it in the lower half of its Materials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

IE Stock Price and 52-Week Range

Ivanhoe Electric Inc. (IE) currently trades at $13.44. The stock gained $0.57 (4.4%) in the most recent trading session. The 52-week high for IE is $21.55, which means the stock is currently trading -37.6% from its annual peak. The 52-week low is $4.50, putting the stock 198.7% above its annual trough. Recent trading volume was 2.0M shares, reflecting moderate market activity.

Is IE Overvalued or Undervalued? — Valuation Analysis

Ivanhoe Electric Inc. (IE) carries a value factor score of 27/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The trailing price-to-earnings ratio is 17.01x, compared to the Materials sector average of 26.50x — a discount of 36%. The price-to-book ratio stands at 4.39x, versus the sector average of 2.83x. The price-to-sales ratio is 615.82x, compared to 0.74x for the average Materials stock.

At current multiples, Ivanhoe Electric Inc. trades at a premium to most Materials peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

Ivanhoe Electric Inc. Profitability — ROE, Margins, and Quality Score

Ivanhoe Electric Inc. (IE) earns a quality factor score of 20/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -31.1%, compared to the Materials sector average of 3.3%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -27.3% versus the sector average of 0.6%.

On a margin basis, Ivanhoe Electric Inc. reports gross margins of 61.4%, compared to 29.8% for the sector. The operating margin is -4159.1% (sector: 6.0%). Net profit margin stands at -4586.5%, versus 3.0% for the average Materials stock. Revenue growth is running at 1.3% on a trailing basis, compared to 1.8% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

IE Debt, Balance Sheet, and Financial Health

Ivanhoe Electric Inc. has a debt-to-equity ratio of 14.0%, compared to the Materials sector average of 41.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 3.34x, indicating strong short-term liquidity. Total debt on the balance sheet is $73M. Cash and equivalents stand at $69M.

IE has a beta of 1.80, meaning it is more volatile than the broader market — a $10,000 investment in IE would be expected to move 80.3% more than the S&P 500 on any given day. The stability factor score for Ivanhoe Electric Inc. is 26/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.

Ivanhoe Electric Inc. Revenue and Earnings History — Quarterly Trend

In TTM 2026, Ivanhoe Electric Inc. reported revenue of $3M and earnings per share (EPS) of $0.79. Net income for the quarter was $-132M. Gross margin was 61.4%. Operating income came in at $-118M.

In FY 2025, Ivanhoe Electric Inc. reported revenue of $3M and earnings per share (EPS) of $0.79. Net income for the quarter was $-125M. Gross margin was 65.3%. Revenue grew 11.8% year-over-year compared to FY 2024. Operating income came in at $-114M.

In Q3 2025, Ivanhoe Electric Inc. reported revenue of $545,000 and earnings per share (EPS) of $0.13. Net income for the quarter was $-22M. Gross margin was 51.2%. Revenue grew -18.8% year-over-year compared to Q3 2024. Operating income came in at $-24M.

In Q2 2025, Ivanhoe Electric Inc. reported revenue of $1M and earnings per share (EPS) of $0.18. Net income for the quarter was $-29M. Gross margin was 72.5%. Revenue grew 98.5% year-over-year compared to Q2 2024. Operating income came in at $-26M.

Over the past 8 quarters, Ivanhoe Electric Inc. has demonstrated a growth trajectory, with revenue expanding from $538,000 to $3M. Investors analyzing IE stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

IE Dividend Yield and Income Analysis

Ivanhoe Electric Inc. (IE) does not currently pay a dividend. This is common among smaller companies in the Non-Metallic And Industrial Metal Mining industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Materials dividend stocks may want to explore other Materials stocks or use the stock screener to filter by dividend yield.

IE Momentum and Technical Analysis Profile

Ivanhoe Electric Inc. (IE) has a momentum factor score of 56/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 33/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 43/100 reflects moderate short selling activity.

IE vs Competitors — Materials Sector Ranking and Peer Comparison

Within the Materials sector, Ivanhoe Electric Inc. (IE) ranks #268 out of 284 stocks based on the Blank Capital composite score. This places IE in the lower half of all Materials stocks in our coverage universe. Key competitors and sector peers include CF Industries Holdings, Inc. (CF) with a score of 56.6/100, Nutrien Ltd. (NTR) with a score of 56.6/100, CVR PARTNERS, LP (UAN) with a score of 55.6/100, LSB INDUSTRIES, INC. (LXU) with a score of 53.6/100, and ACME UNITED CORP (ACU) with a score of 51.2/100.

Comparing IE against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full IE vs S&P 500 (SPY) comparison to assess how Ivanhoe Electric Inc. stacks up against the broader market across all factor dimensions.

IE Next Earnings Date

No upcoming earnings date has been announced for Ivanhoe Electric Inc. (IE) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy IE? — Investment Thesis Summary

The quantitative profile for Ivanhoe Electric Inc. suggests caution. The quality score of 20/100 flags below-average profitability. The value score of 27/100 indicates premium valuation. High volatility (stability score 26/100) increases portfolio risk.

In summary, Ivanhoe Electric Inc. (IE) earns a Reduce rating with a composite score of 34.3/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on IE stock.

Related Resources for IE Investors

Explore more research and tools: IE vs S&P 500 comparison, top Materials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare IE head-to-head with peers: IE vs CF, IE vs NTR, IE vs UAN.