Scotiabank Forecasts Reduced Earnings for Ivanhoe Electric

Ivanhoe Electric Inc. (TSE:IE) – Scotiabank reduced their FY2027 earnings per share estimates for Ivanhoe Electric in a research note issued on Thursday, June 18th. Scotiabank analyst O. Wowkodaw now expects that the company will post earnings per share of ($0.31) for the year, down from their prior forecast of ($0.21).

Ivanhoe Electric (TSE:IE) last issued its quarterly earnings data on Thursday, May 7th. The company reported C($0.36) earnings per share (EPS) for the quarter. The company had revenue of C$1.19 million for the quarter. Ivanhoe Electric had a negative net margin of 1,002.45% and a negative return on equity of 8.83%.

Separately, National Bank Financial reduced their price target on shares of Ivanhoe Electric from C$33.00 to C$30.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$26.25.

Ivanhoe Electric Price Performance

Shares of TSE IE opened at C$15.78 on Monday. The firm has a fifty day simple moving average of C$17.99 and a two-hundred day simple moving average of C$20.05. Ivanhoe Electric has a 12 month low of C$10.66 and a 12 month high of C$28.81. The company has a current ratio of 6.25, a quick ratio of 8.83 and a debt-to-equity ratio of 6.55. The firm has a market capitalization of C$2.50 billion, a PE ratio of -54.41 and a beta of 2.43.

About Ivanhoe Electric

We are a United States domiciled minerals exploration company with a focus on developing mines from mineral deposits principally located in the United States. We seek to support American supply chain independence by finding and delivering copper and other critical metals vital to advanced manufacturing, infrastructure development, technology, and national security. We use our powerful Typhoon¿ geophysical surveying system, together with advanced data analytics provided by our 94.3% owned subsidiary, Computational Geosciences Inc (“CGI”), to accelerate and de-risk the mineral exploration process as we seek to discover new deposits of critical metals that may otherwise be undetectable by traditional exploration technologies.