Scotiabank Has Bullish Outlook for TSE:IE FY2027 Earnings

Ivanhoe Electric Inc. (TSE:IE) – Equities researchers at Scotiabank upped their FY2027 EPS estimates for Ivanhoe Electric in a report issued on Thursday, May 14th. Scotiabank analyst O. Wowkodaw now anticipates that the company will post earnings per share of ($0.21) for the year, up from their prior estimate of ($0.22).

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

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

Ivanhoe Electric Stock Performance

Ivanhoe Electric stock opened at C$16.11 on Monday. The stock has a fifty day moving average price of C$17.89 and a 200 day moving average price of C$20.25. Ivanhoe Electric has a 52 week low of C$8.91 and a 52 week high of C$28.81. The firm has a market capitalization of C$2.55 billion, a P/E ratio of -55.55 and a beta of 2.09. The company has a current ratio of 6.25, a quick ratio of 8.83 and a debt-to-equity ratio of 6.55.

Ivanhoe Electric Company Profile

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.