Ivanhoe Electric Inc./$IE
1D1W1MYTD1Y5YMAX
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About Ivanhoe Electric Inc.
Ivanhoe Electric Inc is a United States-based d minerals exploration company with a focus on developing mines from mineral deposits principally located in the United States. The company has four business segments; Santa Cruz Project; critical metals; data processing services; and energy storage. It derives a majority of its revenue from Canada. The Santa Cruz Project and critical metals segments are focused on mineral project exploration and development. The data processing segment provides data analytics, geophysical modeling, and artificial intelligence services for the mineral, oil & gas, and water exploration industries. The energy storage segment develops, manufactures, and installs vanadium flow batteries for grid-scale energy storage.
- Ticker
- $IE
- Sector
- Materials
- Primary listing
- AMEX
- Employees
- 286
- Headquarters
- Tempe, United States
- Website
- ivanhoeelectric.com
IE Metrics
BasicAdvanced
$1.7B
-
-$0.24
1.24
-
Price and volume
Market cap
$1.7B
Beta
1.24
52-week high
$21.55
52-week low
$7.86
Average daily volume
2M
Financial strength
Current ratio
5.049
Quick ratio
4.946
Long term debt to equity
0.141
Total debt to equity
6.907
Interest coverage (TTM)
-61.07%
Profitability
EBITDA (TTM)
-115.423
Gross margin (TTM)
58.72%
Net profit margin (TTM)
-1,138.74%
Operating margin (TTM)
-3,999.87%
Effective tax rate (TTM)
193.94%
Revenue per employee (TTM)
$10,000
Management effectiveness
Return on assets (TTM)
-15.34%
Return on equity (TTM)
-1.40%
Valuation
Price to revenue (TTM)
503.705
Price to book
3.16
Price to tangible book (TTM)
3.16
Price to free cash flow (TTM)
-11.367
Free cash flow yield (TTM)
-8.80%
Free cash flow per share (TTM)
-0.915
Growth
Revenue change (TTM)
-20.57%
Earnings per share change (TTM)
-63.60%
3-year revenue growth (CAGR)
-4.23%
3-year earnings per share growth (CAGR)
-47.87%
Bulls say / Bears say
Ivanhoe Electric received a preliminary U.S. EXIM Bank project letter for up to $1.1 billion of potential debt financing for Santa Cruz, increased from the prior $825 million indication. Final approval is still pending, but the support could materially improve the project’s financing prospects and strategic importance. (Reuters)
The company is moving Santa Cruz toward construction by acquiring a $64.7 million tunnel-boring machine and material-handling system, with commissioning targeted by July 30, 2027 and an updated feasibility study expected in the third quarter of 2026. (SEC Form 10-Q)
Liquidity has strengthened: Ivanhoe Electric held $256.9 million of cash at June 30, 2026 and had an undrawn $200 million senior secured bridge facility available to support early Santa Cruz construction and working-capital needs. (SEC Form 10-Q)
Ivanhoe Electric remains pre-revenue at its core Santa Cruz and critical-metals segments: total revenue was only $1.6 million in the first half of 2026, while exploration expenses rose to $44.6 million and the company reported a second-quarter net loss attributable to common stockholders of $24.7 million. (SEC Form 10-Q)
The proposed financing runway is not yet sufficient for mine construction: management says Santa Cruz will require capital beyond any EXIM financing, and that continued operations depend on raising additional funds or generating future cash flow. (SEC Form 10-Q)
Santa Cruz carries substantial execution risk because the company is relying on a specialized tunnel-boring machine for underground development; Ivanhoe Electric warns that delivery, assembly or performance problems could materially delay construction or increase costs, alongside permitting and commissioning risks. (SEC Form 10-Q)
Data summarised monthly by Lightyear AI. Last updated on 8 Sept 2026.
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Funds containing IE
AllUSDGBPEUR
Fund name | Fund size | $IE weighting |
|---|---|---|
L&G Battery Value-Chain$BATT | $818M | 2.35% |
L&G Battery Value-Chain£BATG | £604M | 2.35% |
SPDR Russell 2000 US Small Cap€R2US | €4.8B | 0.04% |
iShares MSCI USA Small Cap ESG Enhanced CTB€SXRG | €2.8B | 0.03% |
iShares MSCI USA Small Cap CTB Enhanced ESG£CUS1 | £2.4B | 0.03% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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