The average of price targets set by Wall Street analysts indicates a potential upside of 156.4% in Ivanhoe Electric (IE). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Ivanhoe Electric (IE) came out with a quarterly loss of $0.19 per share versus the Zacks Consensus Estimate of a loss of $0.24. This compares to loss of $0.38 per share a year ago.
Ivanhoe Electric (IE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Aggregate Gross Proceeds from the Offering and the Exercise of the Underwriter's Option are Approximately $69 Million Phoenix, Arizona--(Newsfile Corp. - February 14, 2025) - Ivanhoe Electric Inc. (NYSE American: IE) (TSX: IE) ("Ivanhoe Electric") Executive Chairman, Robert Friedland and President and Chief Executive Officer, Taylor Melvin are pleased to announce the closing on February 14, 2025 of the previously announced underwritten public offering of 11,794,872 Units at a public offering price of $5.85 per Unit, less underwriting discounts and commissions, which includes the full exercise of the underwriter's option to purchase an additional 1,538,461 Units. Each Unit consists of (i) one share of Ivanhoe Electric's common stock and (ii) one warrant to purchase an additional share of Ivanhoe Electric's common stock for 12 months at an exercise price of $7.00 per share.
Ivanhoe Electric (IE) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Drilling Intersected Copper Mineralization in Three Holes to a Depth Beyond 700 Meters and Remains Open The Joint Venture Has Three Typhoon TM Units Active in Saudi Arabia Riyadh, Saudi Arabia--(Newsfile Corp. - January 13, 2025) - Ivanhoe Electric Inc. (NYSE American: IE) (TSX: IE) ("Ivanhoe Electric") Executive Chairman Robert Friedland and President and Chief Executive Officer Taylor Melvin are pleased to provide initial drill results from the Company's 50/50-owned joint venture with Saudi Arabian Mining Company Ma'aden ("Ma'aden") (Saudi Stock Exchange Tadawul: 1211). The Joint Venture's initial drill program focused on the Umm Ad Dabah prospect, near Ma'aden's existing Al Amar gold-copper-zinc mine.
Drilling Expands the Texaco Deposit in Arizona with Intersections of Significant Enriched Mineralization Drilling at the Hog Heaven Project Identifies a Porphyry Copper-Gold-Molybdenum System in the Battle Butte Area Associated with a Typhoon™-identified Anomaly Drilling at the Tintic Copper-Gold-Silver Project Continues to Explore for the Source Porphyry Copper System Typhoon™ and Computational Geoscience Inc. Guide Technology-led Exploration Efforts in the United States Phoenix, Arizona--(Newsfile Corp. - January 6, 2025) - Ivanhoe Electric Inc. (NYSE American: IE) (TSX: IE) ("Ivanhoe Electric") Executive Chairman Robert Friedland and President and Chief Executive Officer Taylor Melvin are pleased to provide an update on the Company's exploration projects in the United States, including the Santa Cruz Copper Project in Arizona, Hog Heaven Project in Montana, and the Tintic Project in Utah. Mr. Melvin commented: "Our U.S. exploration team, led by Graham Boyd, successfully advanced multiple large-scale and early-stage exploration projects in 2024, while continually evaluating new opportunities.
Ivanhoe Electric (IE) came out with a quarterly loss of $0.36 per share versus the Zacks Consensus Estimate of a loss of $0.34. This compares to loss of $0.74 per share a year ago.
Ivanhoe Electric has seen a selloff despite strong copper prices. The entire enterprise value is now less than the asset value of the company's primary project alone. IE is backed by several reputable strategic investors.
Ivanhoe Electric to Use $20 Million of the Transaction Proceeds to Establish U.S.-based Grid Scale Vanadium Redox Flow Battery Manufacturing in Arizona Existing VRB Energy Manufacturing Operation in China to become 51/49 Joint Venture Following $35 Million Investment from Red Sun, a Leading Asian New Energy Group Phoenix, Arizona--(Newsfile Corp. - September 23, 2024) - Ivanhoe Electric Inc. (NYSE American: IE) (TSX: IE) ("Ivanhoe Electric") Executive Chairman Robert Friedland and President and Chief Executive Officer Taylor Melvin are pleased to announce that the Company's 90%-owned subsidiary, VRB Energy Inc. ("VRB Energy"), has executed a binding Term Sheet (the "Agreement") with a subsidiary of privately held Shanxi Red Sun Co., Ltd. ("Red Sun") and VRB Energy's wholly-owned subsidiary, VRB Energy System (Beijing) Co., Ltd.